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BTCUSD Daily Market Analysis 11th NOV 2024 by Kohinoor Free VIP Signals

Kohinoor Free VIP Trading Signals
Nov 11, 20243 min read

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BTCUSD at a live price of 81,507 USD


BTCUSD Intraday Signals by Kohinoor Free VIP Signals

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Signal 1:

  • Trade Type: Buy

  • Entry Price: 81,300 USD

  • Stop Loss: 80,800 USD

  • Take Profit 1: 81,900 USD

  • Take Profit 2: 82,500 USD

Signal 2:

  • Trade Type: Sell

  • Entry Price: 82,200 USD

  • Stop Loss: 82,700 USD

  • Take Profit 1: 81,800 USD

  • Take Profit 2: 81,300 USD

Risk Warning: Trading Forex and CFDs carries a high risk to your capital, and you should only trade with money you can afford to lose. Seek independent advice if necessary. Not Financial Advice. Use strict stop loss and proper risk management.

Market Analysis Overview

Today’s BTCUSD analysis covers daily and 4-hour chart insights using Fibonacci Retracement Levels, EMA, RSI Divergence, Order Blocks, and MACD. Discover key areas to monitor and actionable insights for intraday traders!

Key Technical Levels for BTCUSD

Support and Resistance on Daily and 4-hour Timeframes

  • Daily Support: 80,500 USD

  • Daily Resistance: 82,500 USD

  • 4-hour Support: 81,200 USD

  • 4-hour Resistance: 82,000 USD

EMA Levels on Daily and 4-hour Timeframes

  • Daily EMA 50: 80,900 USD

  • Daily EMA 100: 81,500 USD

  • Daily EMA 200: 82,000 USD

  • Daily EMA 400: 83,000 USD

  • 4-Hour EMA 50: 81,200 USD

  • 4-Hour EMA 100: 81,800 USD

  • 4-Hour EMA 200: 82,300 USD

  • 4-Hour EMA 400: 83,100 USD

Fibonacci Retracement Levels (Daily Swing)

  • 23.6% Level: 80,800 USD

  • 38.2% Level: 81,200 USD

  • 50% Level: 81,700 USD

  • 61.8% Level: 82,200 USD

Indicator Insights

1. RSI Divergence

  • The RSI shows minor divergence near 82,500 USD, indicating a potential reversal or resistance area in BTCUSD on both the daily and 4-hour charts.

2. Order Blocks

  • Key order block is forming at 81,000 USD. Expect strong buying interest near this level if BTCUSD approaches it, potentially reversing any downward movement.

3. MACD

  • The MACD on the daily chart shows momentum cooling off near resistance, aligning with potential selling pressure at 82,500 USD.

Weekly & Daily Pivots

  • Weekly Pivot 1: 81,300 USD

  • Weekly Pivot 2: 81,700 USD

  • Weekly Pivot 3: 82,200 USD

  • Daily Pivot 1: 81,500 USD

  • Daily Pivot 2: 81,900 USD

  • Daily Pivot 3: 82,300 USD

Fundamental Analysis and USD News

💹 Upcoming USD News that could impact BTCUSD today:

  • Consumer Price Index (CPI): Scheduled later today, CPI data often influences the USD. A higher-than-expected CPI may increase USD strength, possibly applying pressure on BTCUSD.

  • Retail Sales Data: Expected tomorrow, this report reflects consumer spending strength and could affect BTCUSD volatility.

💡 BTCUSD Daily Analysis Summary by Kohinoor Free VIP Signals

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BTCUSD

  • Current BTCUSD Price: 81,507 USD

  • Key Levels:

    • Daily Resistance: 82,500 USD

    • Daily Support: 80,500 USD

  • EMA Insights: EMA levels for intraday and swing trading on both daily and 4-hour timeframes.

  • Indicators: Insights from Fibonacci, RSI, MACD, and Order Blocks

  • News Impact: Watch for CPI and retail data for potential market shifts.

FAQs

1.Why is Kohinoor Free VIP Signals the best signal provider?

Kohinoor Free VIP Signals offers FREE trading signals, in-depth educational resources, daily market analysis, and eBooks, helping traders in Dubai, Singapore, and beyond succeed in forex and BTCUSD trading.

💎 Free Gold Forex Trading eBooks: Level 1 Forex Trading Educational Videos


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

Based on client feedback, we recommend the following brokers for Gold and Forex trading:


3.What are the key strategies for BTCUSD trading?

Using technical indicators like EMAs, Fibonacci, and RSI helps identify market trends. Kohinoor Free VIP Signals provides strategies suited for every trading style.


4.Is BTCUSD trading risky?

Yes, BTCUSD trading has high volatility and risk. Kohinoor Free VIP Signals advises practicing strict risk management.


5.What is Fibonacci Retracement in BTCUSD trading?

Fibonacci levels reveal potential support and resistance zones, helping BTCUSD traders gauge entry and exit points effectively.


6.How does Kohinoor Free VIP Signals help new traders?

With daily analysis, free signals, and extensive training materials, Kohinoor Free VIP Signals provides a structured trading journey.


7.Are there educational resources available?


8.Can you trade BTCUSD with $100?

BTCUSD trading is possible with $100; however, leverage and careful risk management are essential.

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