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💬 WhatsApp Kohinoor Free VIP Signals here for FREE Gold Forex Live Trade Setups & Market Analysis.
Two Intraday Signals
Intraday Buy Signal
Trade Entry: 97800 USD
Stop Loss: 97500 USD
Take Profit 1: 98000 USD
Take Profit 2: 98200 USD
Intraday Sell Signal
Trade Entry: 97500 USD
Stop Loss: 97800 USD
Take Profit 1: 97300 USD
Take Profit 2: 97000 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 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.
Market Analysis
Overview of the Bitcoin Market
Bitcoin (BTCUSD) is currently trading at 97656 USD, reflecting a dynamic market influenced by various factors, including economic indicators and geopolitical events. This analysis utilizes multiple indicators to provide a comprehensive view of the market.
Support & Resistance Levels
Daily Support Levels:
Support 1: 97500 USD
Support 2: 97000 USD
Support 3: 96500 USD
Daily Resistance Levels:
Resistance 1: 98000 USD
Resistance 2: 98500 USD
Resistance 3: 99000 USD
Fibonacci Retracement Levels
Using the recent swing high and swing low, the Fibonacci retracement levels are identified as follows:
Key Levels:
23.6%: 98000 USD
38.2%: 97700 USD
61.8%: 97000 USD
Exponential Moving Averages (EMA)
Daily Time Frame:
EMA 50: 97700 USD
EMA 100: 97500 USD
EMA 200: 97300 USD
EMA 400: 97000 USD
4-Hour Time Frame:
EMA 50: 97800 USD
EMA 100: 97600 USD
EMA 200: 97400 USD
EMA 400: 97200 USD
RSI Divergence
The Relative Strength Index (RSI) indicates potential overbought or oversold conditions. Currently, the RSI shows divergence, suggesting a possible reversal in price direction.
Order Blocks
Identifying key order blocks can provide insights into potential reversal areas. The significant order block is located around 97500 USD, which aligns with our support level.
MACD Analysis
The MACD indicator is currently showing bullish momentum, indicating that buyers may be gaining control of the market. This aligns with our buy signal setup.
Weekly and Daily Pivots
Weekly Pivots:
Pivot Point: 97800 USD
Resistance 1: 98000 USD
Support 1: 97500 USD
Daily Pivots:
Pivot Point: 97600 USD
Resistance 1: 97800 USD
Support 1: 97400 USD
BTCUSD Daily Analysis Summary by Kohinoor Free VIP Signals
FREE Telegram Channel: @Kohinoorfreevipgoldforexsignals
📊 Key Levels Summary
Daily & 4-Hour Support and Resistance
Daily Support Levels: 97500 USD, 97000 USD, 96500 USD
Daily Resistance Levels: 98000 USD, 98500 USD, 99000 USD
Exponential Moving Average (EMA) Levels
Daily EMA Levels:
EMA 50: 97700 USD
EMA 100: 97500 USD
EMA 200: 97300 USD
EMA 400: 97000 USD
4-Hour EMA Levels:
EMA 50: 97800 USD
EMA 100: 97600 USD
EMA 200: 97400 USD
EMA 400: 97200 USD
Weekly Pivots
Pivot Point: 97800 USD
Resistance 1: 98000 USD
Support 1: 97500 USD
Daily Pivots
Pivot Point: 97600 USD
Resistance 1: 97800 USD
Support 1: 97400 USD
Fibonacci Retracement Levels
23.6%: 98000 USD
38.2%: 97700 USD
61.8%: 97000 USD
Fundamental Analysis and Upcoming USD News
📈 This week, important USD news is expected to impact the Bitcoin market. Key economic indicators, including inflation rates and employment data, will be released. These factors can lead to volatility in the BTCUSD market, as traders react to changes in the economic outlook.
FAQs
Why is Kohinoor Free VIP Signals the best signal provider? Kohinoor Free VIP Signals offers not only FREE signals but also educational resources, daily market analysis, and ebooks. 💎 Free Gold Forex Trading Ebooks
Which brokers are trusted for Gold Forex Crypto trading? Based on client feedback, we recommend brokers like:
What are the benefits of using trading signals? Trading signals help traders make informed decisions based on market analysis and expert insights.
How can I improve my trading skills? Utilize educational resources, attend webinars, and practice trading strategies in demo accounts.
What is the best time to trade Bitcoin? The best time to trade Bitcoin is during high volatility periods, often influenced by market news and events.
Can I trade Bitcoin on my mobile device? Yes, most brokers offer mobile trading platforms for convenient access to your trading account.
How do I manage risk in trading? Use stop-loss orders, diversify your portfolio, and only invest money you can afford to lose.
What tools can help me in trading? Utilize charting software, trading platforms, and economic calendars to stay informed.
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