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Writer's pictureK9 Investments
Nov 63 min read

BTCUSD Daily Market Analysis 6th NOV 2024 by K9 Investments Trading

💬 WhatsApp K9 Investments Trading at www.k9investmentstrading.com for FREE Gold Forex Live Trade Setups & Market Analysis.


Live Price: $74,836


Intraday Signals for BTCUSD by K9 Investments Trading

🥇 FREE Telegram Channel: @K9_Investments_GoldTrading

  1. Signal 1 – Buy Signal

    • Entry: $74,836

    • Stop Loss: $74,000

    • Take Profit 1: $75,500

    • Take Profit 2: $76,200

  2. Signal 2 – Sell Signal

    • Entry: $74,836

    • Stop Loss: $75,500

    • Take Profit 1: $73,800

    • Take Profit 2: $73,000

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, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Please read and ensure you fully understand our Risk Disclosure.


BTCUSD Market Analysis

Daily Timeframe Analysis

On the daily chart, BTCUSD has seen significant volatility around the $74,836 mark. Leveraging technical indicators such as Fibonacci Retracement Levels, EMAs, RSI divergence, Weekly pivots, Daily Pivots, Smart Money Concepts, and MACD helps determine optimal trading positions.

Support and Resistance Levels

  • Daily Support: $73,800

  • Daily Resistance: $76,200

  • 4-Hour Support: $74,000

  • 4-Hour Resistance: $75,500

Fibonacci Retracement Levels

Using the daily swing levels:

  • 38.2% Retracement: $74,200

  • 50% Retracement: $74,836

  • 61.8% Retracement: $75,500

Exponential Moving Averages (EMA)

  • Daily EMA (50): $73,900

  • Daily EMA (100): $74,500

  • Daily EMA (200): $74,000

  • Daily EMA (400): $72,800

  • 4-Hour EMA (50): $74,500

  • 4-Hour EMA (100): $74,200

  • 4-Hour EMA (200): $73,800

  • 4-Hour EMA (400): $72,500

RSI Divergence

RSI shows mild divergence, suggesting potential price reversals if BTCUSD hits key resistance zones.

Order Blocks

Major order blocks form around $73,800 (support) and $76,200 (resistance), ideal areas for high-probability trades.

MACD

MACD crossover on the daily timeframe signals a potential uptrend, aligning with our bullish intraday setup.

Fundamental Analysis: USD News Impact

For this week, significant upcoming USD news includes the U.S. Inflation Report and Federal Reserve Meeting Minutes. Both events could impact BTCUSD, as Bitcoin often reacts to USD strength or weakness.

Weekly Pivots for BTCUSD

  • Weekly Pivot Level 1: $74,500

  • Weekly Pivot Level 2: $75,000

  • Weekly Pivot Level 3: $76,000

Daily Pivots for BTCUSD

  • Daily Pivot Level 1: $74,200

  • Daily Pivot Level 2: $75,000

  • Daily Pivot Level 3: $75,800

💡BTCUSD Daily Analysis Summary by K9 Investments Trading

🥇 FREE Telegram Channel: @K9_Investments_GoldTrading

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Key Levels Summary

  • Daily Support: $73,800

  • Daily Resistance: $76,200

  • 4-Hour Support: $74,000

  • 4-Hour Resistance: $75,500

  • Daily EMA Levels (50/100/200/400): $73,900 / $74,500 / $74,000 / $72,800

  • 4-Hour EMA Levels (50/100/200/400): $74,500 / $74,200 / $73,800 / $72,500

  • Fibonacci Levels: 38.2% - $74,200 | 50% - $74,836 | 61.8% - $75,500

FAQs

1.Why is K9 Investments the best signal provider?

K9 Investments provides reliable, high-accuracy signals free of charge. Our clients also benefit from exclusive educational resources, market analysis, and free eBooks.


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

K9 Investments recommends trusted brokers based on positive client feedback and secure trading platforms:

3.What makes BTCUSD analysis important?

BTCUSD serves as a leading indicator in financial markets. Our detailed analysis helps traders in Dubai, Singapore, and other regions understand critical price movements.


4.What are the benefits of using BTCUSD signals?

K9 Investments offers BTCUSD signals to provide real-time entry, exit points, and market trend insights for optimized trading outcomes.


5.How can I access K9 Investments’ free signals?

Simply join our FREE Telegram Channel @K9_Investments_GoldTrading for daily signals and analysis updates.


6.What is the accuracy of K9 Investments signals?

Our signals boast an over 95% accuracy rate. Traders globally trust our precise market insights.


7.How can I improve my trading with K9’s educational resources?

Visit our Free K9 Trading Education Articles & Blog for in-depth guides and strategies.


8.Where can I find K9 Investments’ trading resources?

Check our Level 1 Forex Trading Educational Videos for valuable insights.



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