.png)
WhatsApp K9 Investments Trading Market Analysts and get Free Gold Forex live trade setups and analysis.
Intraday Signals for Bitcoin(BTCUSD)
Buy Signal:
Entry Price: $63,700
Take Profit (TP): $64,300
Stop Loss (SL): $63,400
Rationale: Bitcoin has just bounced off the 61.8% Fibonacci retracement level, showing strong support near $63,700. RSI divergence indicates bullish momentum, and the price is also holding above the 100 EMA on the 1-hour chart, reinforcing a potential upward move.
Sell Signal:
Entry Price: $64,000
Take Profit (TP): $63,200
Stop Loss (SL): $64,300
Rationale: Weekly pivot at $64,000 is acting as resistance, along with confluence from the 200 EMA. This could provide a short-term correction opportunity, supported by weakening RSI and bearish divergence forming on the 4-hour chart.
Bitcoin Market Analysis – Technical Insights
Bitcoin, trading at $63,776, is showing a mixed outlook with both bullish and bearish signals. On the daily timeframe, the market has recently completed a retracement from its September high, and the current price is hovering around the 61.8% Fibonacci retracement level, which is a key area to watch for both buyers and sellers.
EMA (Exponential Moving Averages):
Using EMA (Exponential Moving Averages), Bitcoin is maintaining its position above the 100 EMA and 200 EMA, suggesting an overall bullish trend in the medium term. However, the 400 EMA on the 4-hour chart is sitting just above the current price, acting as a ceiling for further upside, which aligns with the $64,000 resistance level, also a significant psychological point for traders.
RSI Divergence:
Looking at RSI Divergence, the Relative Strength Index on the daily chart is showing signs of bullish divergence. Although the price has been in a downtrend recently, RSI is pointing upwards, indicating that buyers are slowly gaining strength. Traders should watch for a break above the 65-70 RSI range on shorter timeframes to confirm this bullish momentum.
Weekly Pivots:
The Weekly Pivots provide further context, with the weekly pivot point at $64,000 acting as a strong resistance level. A daily close above this level could signal a continuation of the bullish trend, targeting the next resistance at $64,500. Meanwhile, the Support Levels can be found around $63,000, which has been tested multiple times in recent trading sessions.
Smart Money Concepts:
For those utilizing Smart Money Concepts (SMC), Bitcoin’s price action is forming liquidity pockets just above $64,000, which may induce sell orders. This area coincides with the 200 EMA resistance, creating a high probability sell zone.
Finally, Support and Resistance Levels show clear confluence between Fibonacci and EMA structures. The nearest Support sits at $63,200, while Resistance lies firmly at $64,500. Fibonacci levels reinforce these zones, with the 38.2% Fib level at $64,000 and the 61.8% level at $63,300.
Key Levels
Daily Support: $63,200
Daily Resistance: $64,500
4-Hour Support: $63,300
4-Hour Resistance: $64,000
Fibonacci Levels: 61.8% at $63,700, 38.2% at $64,000
EMA Levels: 100 EMA at $63,700, 200 EMA at $64,000, 400 EMA at $64,300
Daily Pivot: $64,000
Weekly Pivot: $64,000
FAQs
1.What are the benefits of using a trading signal provider? Trading signal providers like K9 Investments Trading give you accurate trade setups and market analysis to help you capitalize on market opportunities without constantly monitoring the charts.
2.How can I receive Bitcoin trading signals in Dubai, Singapore, and India? You can get free trade signals by joining our WhatsApp group or visiting our website at K9 Investments Trading
3.Are the signals suitable for new traders?
Yes, our signals cater to traders of all levels. We provide clear entry and exit points, stop losses, and take profit targets to make trading simpler.
4.What is the accuracy rate of your trading signals? Our trading signals, based on technical analysis like Fibonacci, EMA, and RSI divergence, have shown consistent accuracy in volatile markets like Bitcoin.
5.Do you offer trading signals for Forex and Gold as well? Yes, we offer signals for Forex, Gold, and Crypto. You can get free live trade setups for all major asset classes via our website or WhatsApp.
For more information, visit:
Hashtags
Comments