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BTCUSD Daily Market Analysis 19th NOV 2024 by K9 Investments Trading

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 Live Price: BTCUSD is currently trading at 91,800 USD.


BTCUSD Intraday Signals by K9 Investments Trading

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Signal 1: Buy Setup

  • Buy Entry: 91,600 USD

  • Stop Loss: 91,200 USD

  • Take Profit 1: 92,200 USD

  • Take Profit 2: 92,800 USD

Rationale: A strong support zone at 91,500 USD aligns with the 50% Fibonacci retracement level on the daily chart, confirmed by a bullish divergence in RSI on the 4-hour chart.

Signal 2: Sell Setup

  • Sell Entry: 92,400 USD

  • Stop Loss: 92,800 USD

  • Take Profit 1: 91,800 USD

  • Take Profit 2: 91,300 USD

Rationale: Resistance at 92,400 USD coincides with the 61.8% Fibonacci retracement level on the daily chart and a bearish RSI divergence on the 4-hour chart.


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, 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.

Not Financial Advice. Trade at your own risk. Take Partial Profits, Use Strict Stop Loss, and Proper Risk Management.


BTCUSD Daily Market Analysis by K9 Investments Trading

Daily Chart Overview

Support & Resistance Levels:

  • Daily Support: 91,500 USD, 90,800 USD

  • Daily Resistance: 92,400 USD, 93,000 USD

Fibonacci Retracement Levels:

  • Swing High: 93,000 USD

  • Swing Low: 90,800 USD

  • Key Levels:

    • 50%: 91,900 USD

    • 61.8%: 92,400 USD

Exponential Moving Averages (EMA):

  • 50 EMA: 91,700 USD

  • 100 EMA: 91,500 USD

  • 200 EMA: 91,200 USD

  • 400 EMA: 90,800 USD

Indicators:

  • RSI: Showing bullish divergence at oversold levels (~30) on the daily timeframe.

  • MACD: Indicates potential upward momentum as the signal line crosses above the MACD line.

  • Order Blocks: Significant demand zone at 91,500 USD; supply zone near 92,400 USD.

4-Hour Chart Overview

Support & Resistance Levels:

  • 4H Support: 91,600 USD, 91,200 USD

  • 4H Resistance: 92,400 USD, 93,000 USD

Exponential Moving Averages (EMA):

  • 50 EMA: 91,800 USD

  • 100 EMA: 91,600 USD

  • 200 EMA: 91,400 USD

  • 400 EMA: 91,000 USD

Indicators:

  • RSI: Indicates bullish divergence with higher lows.

  • MACD: Histogram turning positive, suggesting building bullish momentum.

  • Order Blocks: Demand zone aligns with 91,500 USD, supply zone at 92,800 USD.

Fundamental Analysis

Key upcoming USD news to watch for this week:

  • FOMC Meeting Minutes: May impact USD and BTCUSD volatility.

  • US CPI Data: Inflation numbers could drive market sentiment.

  • Non-Farm Payrolls (NFP): A critical driver for USD movements, indirectly influencing BTCUSD.

How this affects BTCUSD: Positive USD news may pressure BTCUSD downward, while weaker USD data could support BTCUSD gains.


BTCUSD Daily Analysis Summary by K9 Investments Trading

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US30

Key Levels Recap:

Daily Support & Resistance:

  • Support: 91,500 USD, 90,800 USD

  • Resistance: 92,400 USD, 93,000 USD

4-Hour Support & Resistance:

  • Support: 91,600 USD, 91,200 USD

  • Resistance: 92,400 USD, 93,000 USD

EMA Levels:

  • Daily Timeframe:

    • 50 EMA: 91,700 USD

    • 100 EMA: 91,500 USD

    • 200 EMA: 91,200 USD

    • 400 EMA: 90,800 USD

  • 4H Timeframe:

    • 50 EMA: 91,800 USD

    • 100 EMA: 91,600 USD

    • 200 EMA: 91,400 USD

    • 400 EMA: 91,000 USD

Pivot Points:

  • Weekly Pivots: 91,800 USD, 92,400 USD, 93,000 USD

  • Daily Pivots: 91,600 USD, 92,000 USD, 92,800 USD

Fibonacci Retracement Levels:

  • 50%: 91,900 USD

  • 61.8%: 92,400 USD

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3. How do I join K9 Investments' free Telegram channel?

Sign up for @K9_Investments_GoldTrading to access free signals and market updates.


4. Can beginners benefit from Forex and BTCUSD signals?

Yes, beginners can use signals to learn trading setups while minimizing risks.


5. What timeframes do K9 Investments’ signals target?

Our signals are crafted for intraday, daily, and 4-hour timeframes for optimal trade opportunities.


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8. Why should I trust K9 Investments’ analysis?

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