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BTCUSD Daily Market Analysis 20th NOV 2024

  • Kohinoor Free VIP Trading Signals
  • Nov 20, 2024
  • 2 min read

Updated: Feb 8

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BTCUSD Intraday Signals by Kohinoor Free VIP Signals

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Signal 1: Buy Setup

  • Entry Point: $91,500

  • Stop Loss: $90,700

  • Take Profit 1: $92,800

  • Take Profit 2: $94,200

Signal 2: Sell Setup

  • Entry Point: $93,000

  • Stop Loss: $94,000

  • Take Profit 1: $91,800

  • Take Profit 2: $90,400

⚠️ Risk Warning:Trading Forex and CFDs carries a high level of risk to your capital and may not be suitable for all investors. Always practice proper risk management.

BTCUSD Technical Market Analysis

Daily Timeframe Analysis

🔍 Key Indicators Overview:

  • Fibonacci Retracement Levels:

    • 38.2%: $91,500

    • 50%: $90,800

    • 61.8%: $89,950

  • EMA Levels:

    • 50 EMA: $92,000

    • 100 EMA: $93,500

    • 200 EMA: $94,800

    • 400 EMA: $96,200

  • Support Levels: $90,500, $89,200

  • Resistance Levels: $93,000, $94,800

📈 RSI Divergence:

The RSI indicates a bullish divergence, suggesting upward momentum is likely around $91,500.


📊 Order Blocks:

Significant bullish order block detected at $91,000-$91,500.


📉 MACD:

The MACD crossover suggests potential upward movement above $92,000.


4-Hour Timeframe Analysis

🔍 Key Indicators Overview:

  • EMA Levels:

    • 50 EMA: $91,700

    • 100 EMA: $92,400

    • 200 EMA: $93,800

    • 400 EMA: $95,100

  • Support Levels: $90,800, $89,700

  • Resistance Levels: $92,500, $94,000

📈 Weekly Pivots:

  • Pivot Point: $92,300

  • Resistance 1: $93,500

  • Support 1: $91,000

📉 Daily Pivots:

  • Pivot Point: $92,000

  • Resistance 1: $92,800

  • Support 1: $91,200

Fundamental Analysis & USD News

🌍 Upcoming USD News:

  • FOMC Meeting Minutes (22nd November): Could create volatility in BTCUSD due to potential USD strength or weakness.

  • US Core Durable Goods Orders (24th November): Impact on market sentiment and risk appetite.

💡BTCUSD Daily Analysis Summary by Kohinoor Free VIP Signals

🥇 FREE Telegram Channel: @Kohinoorfreevipgoldforexsignals

BTCUSD

Key Levels Recap:

  • Daily Support: $90,500, $89,200

  • Daily Resistance: $93,000, $94,800

  • 4-Hour Support: $90,800, $89,700

  • 4-Hour Resistance: $92,500, $94,000

  • EMA (Daily): 50 EMA - $92,000, 100 EMA - $93,500, 200 EMA - $94,800

  • EMA (4-Hour): 50 EMA - $91,700, 100 EMA - $92,400, 200 EMA - $93,800

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Based on our clients’ experiences, we recommend:

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5.What trading pairs are covered by Kohinoor Free VIP Signals?

We provide signals for BTCUSD, XAUUSD, major Forex pairs, and selected cryptocurrencies.


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