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Current BTCUSD Price is trading at 72,319 USD
BTCUSD Intraday Signals by K9 Investments Trading www.k9investmentstrading.com
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Buy Signal Setup
Entry Price: 72,400 USD
Stop Loss: 71,900 USD
Take Profit 1: 73,100 USD
Take Profit 2: 73,800 USD
Sell Signal Setup
Entry Price: 72,000 USD
Stop Loss: 72,600 USD
Take Profit 1: 71,300 USD
Take Profit 2: 70,800 USD
📉 Disclaimer: 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. Trading Forex and CFDs may not be suitable for all investors. Please read and ensure you fully understand our Risk Disclosure. Not Financial Advice. Trade at your own risk. Take Partial Profits, Use Strict Stop Loss, and Proper Risk Management.
Market Analysis Overview
Daily & 4-Hour Time Frames
Support & Resistance Levels
Daily Support: 71,500 USD
Daily Resistance: 73,500 USD
4-Hour Support: 72,000 USD
4-Hour Resistance: 73,200 USD
Fibonacci Retracement Levels (Daily)
Based on the previous swing high and low, the key Fibonacci retracement levels to watch are:
38.2%: 71,800 USD
50.0%: 72,000 USD
61.8%: 72,300 USD
These levels can offer potential trade setups, especially as the price fluctuates between support and resistance zones.
Exponential Moving Averages (EMA)
Daily Time Frame:
50 EMA: 71,600 USD
100 EMA: 70,800 USD
200 EMA: 69,200 USD
400 EMA: 67,300 USD
4-Hour Time Frame:
50 EMA: 72,100 USD
100 EMA: 71,800 USD
200 EMA: 71,500 USD
400 EMA: 70,900 USD
RSI Divergence
On the 4-hour chart, there’s a potential bearish RSI divergence forming, indicating a possible correction around the 73,000 USD level. Traders should watch for oversold or overbought signals before entering any new positions.
Order Blocks
Identified strong order blocks are located between 71,500 USD and 72,500 USD. These areas could act as zones of significant liquidity and potential price reversals.
MACD
The MACD indicator on the daily time frame is showing bullish momentum with the signal line crossing above the MACD line, indicating upward pressure. However, on the 4-hour chart, MACD is flattening out, hinting at consolidation.
BTCUSD Daily Analysis Summary by K9 Investments Trading
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Key Levels Summary
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Key Levels for the Day
Support and Resistance Levels
Daily Support: 71,500 USD
Daily Resistance: 73,500 USD
4-Hour Support: 72,000 USD
4-Hour Resistance: 73,200 USD
EMA Levels (Daily)
50 EMA: 71,600 USD
100 EMA: 70,800 USD
200 EMA: 69,200 USD
400 EMA: 67,300 USD
EMA Levels (4-Hour)
50 EMA: 72,100 USD
100 EMA: 71,800 USD
200 EMA: 71,500 USD
400 EMA: 70,900 USD
Pivot Points
Weekly Pivots:
Resistance 1: 73,200 USD
Resistance 2: 74,000 USD
Support 1: 71,300 USD
Daily Pivots:
Resistance 1: 72,900 USD
Support 1: 71,700 USD
Support 2: 71,000 USD
Fundamental Analysis & USD News Impact
BTCUSD is highly influenced by the strength of the USD. This week, keep an eye on the following important USD events that could affect the Bitcoin price:
FOMC Rate Decision (31 Oct 2024) – Any hint of a rate hike could push the USD higher and impact BTCUSD negatively.
US Non-Farm Payrolls (3 Nov 2024) – A major driver of volatility. Stronger-than-expected job numbers could lead to a stronger USD, which might put downward pressure on BTCUSD.
FAQs
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Based on client feedback, we recommend brokers like:
3.How can I join K9 Investments free signals Telegram channel?
You can join our free signals channel by searching for @K9_Investments_GoldTrading on Telegram.
4.What types of signals do K9 Investments provide?
We offer Forex, Gold, Crypto, and BTCUSD signals with actionable trade setups.
5.What is the success rate of K9 Investments signals?
While no signal provider can guarantee 100% success, we strive for consistent results with proper risk management.
6.Do you offer any trading education?
Yes! Check out our free educational videos and articles to improve your trading skills:www.k9investmentstrading.com/level1-forex-trading-educational-videos
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