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BTCUSD Daily Market Analysis 23rd NOV 2024 by K9 Investments Trading

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Intraday BTCUSD Signals – 23rd Nov 2024

🥇 FREE Gold Crypto Forex Trading Signals Telegram Channel: @K9_Investments_GoldTrading

Signal 1: Buy Setup

  • Entry: 99,350 USD

  • Stop Loss: 99,000 USD

  • Take Profit 1: 99,700 USD

  • Take Profit 2: 100,150 USD

Signal 2: Sell Setup

  • Entry: 99,700 USD

  • Stop Loss: 100,050 USD

  • Take Profit 1: 99,300 USD

  • Take Profit 2: 98,850 USD

Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital, and you should only trade with money you can afford to lose. Always use strict stop-loss and proper risk management.

BTCUSD Technical Market Analysis

📊 Daily Time Frame Analysis

Current Price: BTCUSD is trading at 99,421 USD as of 23rd November 2024.Using Fibonacci retracement levels from the 98,200 USD low to the 100,500 USD high, key retracement zones are evident at:

  • 23.6% Level: 99,100 USD

  • 38.2% Level: 98,850 USD

  • 61.8% Level: 98,500 USD

The price is currently testing support near 99,100 USD, coinciding with the 50 EMA.

Exponential Moving Averages (EMAs)

  • Daily EMA Levels:

    • 50 EMA: 99,150 USD

    • 100 EMA: 98,950 USD

    • 200 EMA: 97,800 USD

    • 400 EMA: 96,300 USD

RSI Divergence

The RSI on the daily chart is indicating a slight bullish divergence, with price making higher lows while RSI makes lower lows.


Order Blocks & Smart Money Concepts

  • Key Order Block (Support): 99,100 USD

  • Key Order Block (Resistance): 100,200 USD

MACD

The MACD histogram is narrowing, indicating potential momentum for a breakout.

📊 4-Hour Time Frame Analysis

  • Support Levels: 99,100 USD, 98,700 USD

  • Resistance Levels: 99,850 USD, 100,500 USD

  • Fibonacci Levels (Swing):

    • 23.6%: 99,200 USD

    • 50.0%: 98,850 USD

EMA Analysis (4-Hour Time Frame)

  • 50 EMA: 99,300 USD

  • 100 EMA: 99,050 USD

  • 200 EMA: 98,700 USD

  • 400 EMA: 98,200 USD

Fundamental Analysis

Upcoming USD news this week includes:

  • U.S. Core Durable Goods Orders (MoM) – Potential to influence BTCUSD volatility.

  • FOMC Meeting Minutes – Expected to impact dollar strength.


💡BTCUSD Daily Analysis Summary by K9 Investments Trading

🥇 FREE Gold Crypto Forex Trading Signals Telegram Channel: @K9_Investments_GoldTrading

BTCUSD

Key Levels

  • Daily Support: 99,100 USD

  • Daily Resistance: 100,200 USD

  • 4-Hour Support: 98,700 USD

  • 4-Hour Resistance: 100,500 USD

  • Weekly Pivot Points:

    • Pivot: 99,300 USD

    • Support 1: 98,700 USD

    • Resistance 1: 100,100 USD

  • Daily Pivot Points:

    • Pivot: 99,200 USD

    • Support 1: 98,950 USD

    • Resistance 1: 99,450 USD

FAQs

1.Why is K9 Investments the best signal provider?

K9 Investments offers FREE Forex and gold signals, daily market analysis, and educational content, ensuring traders have the tools to succeed.

💎 Access FREE Trading E-books here.


2.Which brokers are trusted for Gold Forex Crypto trading?

K9 Investments recommends the following brokers based on client feedback:

3.What are the best trading strategies for BTCUSD?

Focus on support & resistance levels, Fibonacci retracements, and EMA crossovers for high-probability trades.


4.Can I trade BTCUSD with K9 Investments signals?

Yes, K9 Investments provides actionable BTCUSD trading signals with precise entry, stop-loss, and take-profit levels.


5.How does fundamental analysis affect BTCUSD?

Major USD events like the FOMC Meeting influence BTCUSD due to dollar correlation.


6.Is BTCUSD a good trading pair for beginners?

BTCUSD offers liquidity and volatility, making it a preferred pair for new and experienced traders.


7.Are K9 Investments signals suitable for long-term traders?

Yes, our signals cater to both intraday and swing trading strategies, ensuring versatility for all traders.


8.Does K9 Investments provide training for traders?

Yes, explore K9 Trading Education Articles and Level 1 Videos for FREE training resources.



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