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BTCUSD is trading at $67,633
📊 BTCUSD Intraday Signals by K9 Investments Trading
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Intraday Trading Setup 1:
Buy Signal
Entry: $67,500
Stop Loss: $67,200
Take Profit 1: $68,000
Take Profit 2: $68,500
Intraday Trading Setup 2:
Sell Signal
Entry: $67,800
Stop Loss: $68,100
Take Profit 1: $67,300
Take Profit 2: $66,800
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. Ensure you fully understand the risks involved and seek independent advice if necessary. Not Financial Advice. Trade at your own risk. Use Strict Stop Loss and Proper Risk Management.
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🔍BTCUSD Market Analysis: Technical Breakdown
Daily & 4-Hour Timeframes Overview
On the Daily timeframe, BTCUSD is consolidating between strong support at $66,500 and resistance at $68,000. The 4-hour timeframe shows similar price action, with momentum building toward a breakout.
Fibonacci Retracement Levels
Using Fibonacci retracement on the daily swing low of $64,000 to the high of $68,500, key levels emerge:
38.2% Retracement: $66,950
50% Retracement: $66,250
61.8% Retracement: $65,550
These levels are crucial as potential retracement points for traders looking for high-probability entries.
Exponential Moving Averages (EMA)
Daily Timeframe EMA Levels:
50 EMA: $65,800
100 EMA: $64,900
200 EMA: $63,700
400 EMA: $62,100
4-Hour Timeframe EMA Levels:
50 EMA: $67,200
100 EMA: $66,800
200 EMA: $66,400
400 EMA: $65,500
The EMA values show that BTCUSD is trading above the 50 EMA on both the daily and 4-hour timeframes, signaling bullish momentum in the near term.
Support and Resistance Levels
Daily Support: $66,500, $65,800
Daily Resistance: $68,000, $68,500
4-Hour Support: $66,800, $66,200
4-Hour Resistance: $67,800, $68,200
These levels provide excellent zones for traders looking to capitalize on price movements using intraday signals.
RSI Divergence
On the 4-hour chart, the RSI is showing bullish divergence as it approaches the 50 level, suggesting a potential upward movement toward the $68,500 resistance zone.
Order Blocks & Smart Money Concepts (SMC)
BTCUSD's recent order block between $66,500 and $67,000 on the 4-hour chart indicates potential institutional buying pressure. The price has repeatedly bounced from this zone, hinting at strong bullish activity.
MACD
The MACD on the daily timeframe is in the early stages of a bullish crossover. If momentum builds, BTCUSD could push toward the upper resistance levels near $68,500.
Pivots
Weekly Pivots:
Pivot Point: $67,200
Resistance 1: $68,500
Support 1: $66,000
Daily Pivots:
Pivot Point: $67,400
Resistance 1: $68,000
Support 1: $66,700
These pivot levels give traders dynamic entry and exit points based on the live price action.
🔎 Fundamental Analysis & USD News
The upcoming Non-Farm Payrolls (NFP) release on 3rd Nov 2024 is expected to create volatility in BTCUSD. This key economic indicator for the US economy could lead to sharp movements in the dollar, influencing the price of Bitcoin. Traders should monitor the news closely as it could shift BTCUSD’s direction.
💡BTCUSD Daily Analysis Summary by K9 Investments Trading
🥇 FREE Telegram Channel: @K9_Investments_GoldTrading
Get 60+ Free eBooks: https://www.k9investmentstrading.com/free-gold-forex-trading-ebooks
Key Levels to Watch:
Support: $66,500, $65,800
Resistance: $68,000, $68,500
EMA (Daily): 50 EMA ($65,800), 100 EMA ($64,900), 200 EMA ($63,700), 400 EMA ($62,100)
EMA (4-Hour): 50 EMA ($67,200), 100 EMA ($66,800), 200 EMA ($66,400), 400 EMA ($65,500)
Fibonacci Levels: 38.2% ($66,950), 50% ($66,250), 61.8% ($65,550)
Pivots: Weekly ($67,200), Daily ($67,400)
FAQs
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Based on client feedback, we recommend these trusted brokers:
3.How can I join your FREE Telegram channel?
You can join our FREE channel @K9_Investments_GoldTrading to receive regular BTCUSD, XAUUSD, and Forex signals.
4.Do you offer educational resources for beginners?
Yes, we provide Level 1 Forex Trading Educational Videos for beginners. Learn more here.
5.Which timeframes are best for intraday BTCUSD trading?
The 4-hour and Daily timeframes provide clear setups and key levels for intraday traders.
6.What are the best crypto signals for day trading?
The best crypto signals for day trading offer timely entry and exit points with clear instructions on stop loss and take profit levels. Providers like K9 Investments Trading offer free and premium signals with in-depth market analysis to help traders maximize their returns.
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