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BTCUSD Intraday Signals by Kohinoor Free VIP Signals
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Signal 1: Buy BTCUSD
Trade Entry: $96,400
Stop Loss: $95,800
Take Profit 1: $97,200
Take Profit 2: $97,940
Signal 2: Sell BTCUSD
Trade Entry: $97,700
Stop Loss: $98,200
Take Profit 1: $97,100
Take Profit 2: $96,600
📢 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. Please read and ensure you fully understand our Risk Disclosure. Take Partial Profits, Use Strict Stop Loss, and Proper Risk Management.
BTCUSD Market Analysis – 29th November 2024
Daily Overview
As of today, BTCUSD is trading at $96,611, reflecting a steady upward trajectory following significant support at $96,000. The market remains cautious due to looming USD news that could impact volatility.
Key Indicators Analysis
Support & Resistance Levels (Daily and 4-Hour)
Daily Support: $96,000, $95,200
Daily Resistance: $97,940, $98,800
4-Hour Support: $96,400, $95,800
4-Hour Resistance: $97,700, $98,200
Fibonacci Retracement Levels (Daily)
Swing High: $97,940
Swing Low: $96,000
23.6%: $96,477
38.2%: $96,900
50.0%: $96,970
Exponential Moving Averages (EMA)
Daily EMA Levels:
EMA 50: $96,300
EMA 100: $95,800
EMA 200: $95,200
EMA 400: $94,700
4-Hour EMA Levels:
EMA 50: $96,600
EMA 100: $96,200
EMA 200: $95,900
EMA 400: $95,400
MACD and RSI Divergence
MACD: Bullish momentum observed, with the signal line crossing above the MACD line on the 4-hour timeframe.
RSI: Indicating potential overbought conditions near 70 levels on the 4-hour chart, suggesting a reversal near $97,940.
Order Blocks and Smart Money Concepts (SMC)
A prominent bullish order block is identified at $96,400–$96,600, aligning with intraday buy opportunities.
Bearish order block noted near $97,800, providing potential sell entries.
Fundamental Analysis
The USD Index (DXY) remains stable, with critical news events this week, including:
Non-Farm Payrolls Data (2nd Dec): Expected to impact USD strength.
Fed Chair Speech (4th Dec): Could drive BTCUSD volatility, affecting the cryptocurrency market.
Anticipate potential spikes in BTCUSD near $97,940 ahead of these events.
Daily Analysis Summary by Kohinoor Free VIP Signals
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Key Takeaways
Daily Support Levels: $96,000, $95,200
Daily Resistance Levels: $97,940, $98,800
EMA Levels:
Daily EMA 50: $96,300
Daily EMA 100: $95,800
Daily EMA 200: $95,200
Daily EMA 400: $94,700
Fibonacci Levels:
23.6%: $96,477
38.2%: $96,900
50.0%: $96,970
FAQs
1.Why is Kohinoor Free VIP Signals the best signal provider?
Kohinoor Free VIP Signals provides FREE trading signals, comprehensive market analysis, and educational content.
💎 Access free resources like our forex trading articles.
2.Which brokers are trusted for Gold Forex Crypto trading?
We recommend brokers based on client feedback:
3.How accurate are your trading signals?
Our signals maintain a success rate above 95% for free subscribers.
4.Can beginners use Kohinoor Free VIP Signals?
Yes! Kohinoor provides detailed explanations for all signals, making them beginner-friendly.
5.What is the best way to start trading BTCUSD?
Start by using our free trading signals, educational content, and resources like the free trading e-books.
6.How does Fibonacci retracement improve trading?
It identifies potential reversal levels, helping traders plan entries and exits with precision.
7.Is BTCUSD trading suitable for all regions?
Yes, especially in markets like Dubai, India, Singapore, Australia, Germany, and the Netherlands.
8.Do you offer premium trading signals?
Currently, Kohinoor offers FREE VIP signals with exceptional accuracy.
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