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BTCUSD Daily Market Analysis 5th NOV 2024 by Kohinoor Free VIP Signals

Kohinoor Free VIP Trading Signals

💬 WhatsApp Kohinoor Free VIP Signals https://www.freevipforexgoldsignals.com for FREE Gold Forex Live Trade Setups & Market Analysis.


Current Market Price: BTCUSD trading at 68,311 USD


BTCUSD Intraday Signals by Kohinoor Free VIP Signals

🥇 FREE Telegram Channel: @Kohinoorfreevipgoldforexsignals


Buy Signal: BTCUSD

  • Entry Price: 68,100 USD

  • Stop Loss: 67,750 USD

  • Take Profit 1: 68,650 USD

  • Take Profit 2: 69,000 USD

Sell Signal: BTCUSD

  • Entry Price: 68,500 USD

  • Stop Loss: 68,800 USD

  • Take Profit 1: 68,050 USD

  • Take Profit 2: 67,700 USD

Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and should only be undertaken with money you can afford to lose. Please read and fully understand our Risk Disclosure. Not Financial Advice. Trade at your own risk. Take Partial Profits, Use Strict Stop Loss, and Proper Risk Management.

Comprehensive BTCUSD Market Analysis

Support & Resistance Levels (Daily and 4-Hour Time Frames)

Based on live market analysis and historical price action, here are the key levels impacting BTCUSD:

  • Daily Support: 67,500 USD

  • Daily Resistance: 69,500 USD

  • 4-Hour Support: 67,800 USD

  • 4-Hour Resistance: 68,900 USD

Exponential Moving Averages (EMA)

Using key EMAs to guide your BTCUSD trades can highlight strong trends and potential reversal points:

  • Daily EMA (50): 67,950 USD

  • Daily EMA (100): 68,200 USD

  • Daily EMA (200): 67,300 USD

  • 4-Hour EMA (50): 68,500 USD

Fibonacci Retracement Levels

Our Fibonacci retracement analysis provides key levels based on the daily swing:

  • 38.2% Level: 68,000 USD

  • 50% Level: 68,311 USD

  • 61.8% Level: 68,622 USD

Order Blocks

Order blocks for BTCUSD represent areas of strong buying and selling interest, which can support or resist further price movement:

  • Daily Bullish Order Block: 67,750 USD to 68,000 USD

  • Daily Bearish Order Block: 68,800 USD to 69,200 USD

RSI Divergence

The RSI shows divergence, indicating a potential trend reversal. BTCUSD could experience volatility at these levels, suggesting traders monitor price action closely for entries.

Technical Indicators Overview

  • MACD: Positive crossover indicates a bullish trend continuation.

  • Weekly Pivots: BTCUSD may consolidate near these levels:

    • Pivot: 68,150 USD

    • Resistance 1: 69,000 USD

    • Support 1: 67,500 USD

BTCUSD Daily Analysis Summary by Kohinoor Free VIP Signals

🥇 FREE Telegram Channel: @Kohinoorfreevipgoldforexsignals


BTCUSD

📊 Summary of Key Levels:

  • Support & Resistance: Critical zones for intraday setups.

  • EMA (50/100/200/400): Analyzing these levels provides insight into market trends.

  • Weekly & Daily Pivots: Pivot points play a significant role in identifying market direction.

  • Fibonacci Retracement Levels: Essential for potential reversal or breakout zones.

Fundamental Analysis: USD News Impact

📈 Key USD News This WeekAnticipate price volatility with upcoming USD news releases, including Federal Reserve Interest Rate Decision and Non-Farm Payroll (NFP) reports, both crucial for BTCUSD as they impact risk appetite and dollar strength. We expect these events to influence BTCUSD liquidity and price direction, especially within critical technical levels.

FAQs

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

Kohinoor Free VIP Signals offers high-quality, accurate signals and educational resources like daily analysis, trading articles, and ebooks.

💡 Free Kohinoor VIP Signals Education Articles & Blog: https://www.freevipforexgoldsignals.com/forex-trading-articles


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

Based on client feedback, we recommend:

3.What makes Kohinoor’s BTCUSD signals accurate?

Kohinoor’s BTCUSD signals combine technical analysis with the latest market trends, giving traders reliable entry points and price targets.


4.How do I use Fibonacci Retracement in trading BTCUSD?

Fibonacci levels like 38.2% and 61.8% help determine potential reversal or continuation points, aiding traders in setting entry and exit strategies.


5.How can I access Kohinoor’s free signals?

Join https://www.freevipforexgoldsignals.com to access Kohinoor’s free signal services.


6.Is BTCUSD trading profitable?

BTCUSD trading can be profitable with proper risk management, technical skills, and using accurate signals like those from Kohinoor Free VIP Signals.


7.What are the benefits of joining the Kohinoor VIP Telegram Channel?

Kohinoor’s Telegram channel offers live trade setups, market analysis, and real-time signals, giving traders an edge in market timing.


8.Can I trade BTCUSD with a small account?

Yes, BTCUSD trading is accessible with a small account, though it’s essential to manage risk appropriately and use leverage cautiously.



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