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BTCUSD Daily Market Analysis 14th Oct 2024 by K9 Investments Trading

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(Live Price: 64,129 USD)


🚀BTCUSD Intraday Signals

🥇 FREE Telegram Channel: @K9_Investments_GoldTrading

1️⃣ Buy Signal:

  • Entry: 64,000 USD

  • Stop Loss: 63,500 USD

  • Take Profit 1: 64,600 USD

  • Take Profit 2: 65,200 USD

2️⃣ Sell Signal:

  • Entry: 64,300 USD

  • Stop Loss: 64,800 USD

  • Take Profit 1: 63,800 USD

  • Take Profit 2: 63,200 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. Trading Forex and CFDs may not be suitable for all investors, so ensure you fully understand the risks involved and seek independent advice if necessary. 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.

📊 BTCUSD Daily & 4hr Timeframes Market Analysis

1️⃣ Support & Resistance Levels:

  • Daily Support: 63,500 USD

  • Daily Resistance: 65,200 USD

  • 4-Hour Support: 63,800 USD

  • 4-Hour Resistance: 64,600 USD


On both daily and 4-hour charts, Bitcoin shows a consolidation near the resistance level of 65,200 USD, while 63,500 USD acts as a strong support zone. If BTCUSD breaks below the 63,800 support on the 4-hour timeframe, a deeper pullback toward 63,200 USD is expected.

2️⃣ Fibonacci Retracement Levels:

Using Fibonacci retracement from the recent swing high of 65,200 USD to the low of 63,500 USD, key levels emerge:

  • 38.2% Retracement: 64,000 USD (key resistance)

  • 61.8% Retracement: 64,600 USD (target for buyers)

If BTCUSD moves above the 38.2% retracement, a bullish continuation toward 64,600 USD is likely.

3️⃣ Exponential Moving Averages (EMA):

  • Daily EMAs:

    • 50 EMA: 63,800 USD

    • 100 EMA: 63,200 USD

    • 200 EMA: 62,500 USD

    • 400 EMA: 61,800 USD

  • 4-Hour EMAs:

    • 50 EMA: 64,000 USD

    • 100 EMA: 63,700 USD

    • 200 EMA: 63,300 USD

    • 400 EMA: 62,900 USD

On both daily and 4-hour charts, BTCUSD is trading slightly above the 50 EMA, indicating near-term bullish momentum. If prices hold above the 64,000 level, buyers could aim for higher targets.

4️⃣ RSI Divergence:

  • Daily RSI: 60

  • 4-Hour RSI: 55

There is bullish divergence forming on the 4-hour chart, with RSI showing higher lows while price forms lower lows. This suggests the potential for a reversal to the upside.

5️⃣ Order Blocks:

A strong order block exists near 64,000 USD on the 4-hour timeframe. This area could serve as a significant reversal zone if Bitcoin breaks above this level, with buyers likely to step in heavily.

6️⃣ MACD Analysis:

On the 4-hour chart, MACD is approaching a bullish crossover, indicating momentum is building for a potential upside move. Traders should watch for a break above 64,000 USD to confirm the momentum shift.

📰 Fundamental Analysis & USD News

Upcoming USD News Events:

  • October 16, 2024: FOMC Meeting Minutes

  • October 18, 2024: U.S. Retail Sales Data

  • October 20, 2024: U.S. CPI Inflation Report

The upcoming FOMC meeting will have a significant impact on BTCUSD. Any indication of tighter monetary policy could lead to dollar strength, pushing Bitcoin prices lower. However, if the inflation report signals lower-than-expected inflation, BTCUSD could surge as risk assets like Bitcoin gain momentum.

🔍 Daily Analysis Summary by K9 Investments Trading www.k9investmentstrading.com

🥇 FREE Telegram Channel: @K9_Investments_GoldTrading


BTCUSD

Key Levels Recap:

  • Daily Support: 63,500 USD

  • Daily Resistance: 65,200 USD

  • 4-Hour Support: 63,800 USD

  • 4-Hour Resistance: 64,600 USD

  • EMA (Daily):

    • 50 EMA: 63,800 USD

    • 100 EMA: 63,200 USD

    • 200 EMA: 62,500 USD

    • 400 EMA: 61,800 USD

  • EMA (4-Hour):

    • 50 EMA: 64,000 USD

    • 100 EMA: 63,700 USD

    • 200 EMA: 63,300 USD

    • 400 EMA: 62,900 USD

  • Fibonacci Levels:

    • 38.2% Retracement: 64,000 USD

    • 61.8% Retracement: 64,600 USD

  • Weekly Pivots:

    • Resistance 1: 64,800 USD

    • Support 1: 63,800 USD

    • Pivot Point: 64,200 USD

📑 FAQs

1.Why is K9 Investments the best signal provider?

K9 Investments offers not only FREE signals but also educational resources, daily market analysis, and eBooks to help you become a better trader.

💡 Free K9 Trading Education Articles & Blog:https://www.k9investmentstrading.com/free-k9-trading-education-articles-blog 2.Which brokers are trusted for Gold Forex Crypto trading?

Based on client feedback, trusted brokers for Gold Forex Crypto trading include:

3. How accurate are K9 Investments' BTCUSD signals?

Our signals are based on comprehensive analysis using multiple indicators like Fibonacci, EMA, pivots, and more, ensuring high accuracy.

4. Is there a subscription fee for K9’s signals?

No! K9 Investments offers FREE Gold Forex Live Trade Setups via Telegram Channel @K9_Investments_GoldTrading 5.How can I get started with Gold Forex Crypto trading?

Join K9 Investments and start with our Level 1 educational videos:https://www.k9investmentstrading.com/level1-forex-trading-educational-videos


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