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BTCUSD Daily Market Analysis—December 13, 2024 by Kohinoor Free VIP Signals
- Kohinoor Free VIP Trading Signals
- Dec 13, 2024
- 3 min read
Updated: Feb 8
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Intraday Signals
Buy Signal
Trade Entry: 99,800 USD
Stop Loss: 99,700 USD
Take Profit 1: 100,000 USD
Take Profit 2: 100,200 USD
Sell Signal
Trade Entry: 99,500 USD
Stop Loss: 99,600 USD
Take Profit 1: 99,300 USD
Take Profit 2: 99,100 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.
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Market Analysis
Current Market Overview
As of today, the Bitcoin price is at 99,890 USD. The market is experiencing fluctuations influenced by global economic indicators and trader sentiment. Understanding key levels and indicators is crucial for making informed trading decisions.
Support & Resistance Levels
Daily Support Levels: 99,500 USD, 99,300 USD, 99,000 USD
Daily Resistance Levels: 100,000 USD, 100,200 USD, 100,500 USD
Fibonacci Retracement Levels
Using the daily swing levels, the key Fibonacci retracement levels are:
23.6%: 100,000 USD
38.2%: 99,800 USD
61.8%: 99,500 USD
Exponential Moving Averages (EMA)
Daily EMA Levels:
50 EMA: 99,750 USD
100 EMA: 99,600 USD
200 EMA: 99,400 USD
400 EMA: 99,200 USD
4-Hour EMA Levels:
50 EMA: 99,850 USD
100 EMA: 99,700 USD
200 EMA: 99,500 USD
400 EMA: 99,300 USD
RSI Divergence
The Relative Strength Index (RSI) indicates potential reversal points. Currently, the RSI is at 65, suggesting that Bitcoin is nearing overbought territory.
Order Blocks
Key order blocks have formed around the 99,700 USD level, indicating potential buying interest.
MACD Analysis
The MACD line is above the signal line, suggesting bullish momentum. However, traders should monitor for any signs of divergence.
Summary of Key Levels
💡 BTCUSD Daily Analysis Summary by Kohinoor Free VIP Signals
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Key Levels:
Daily Support Levels: 99,500 USD, 99,300 USD, 99,000 USD
Daily Resistance Levels: 100,000 USD, 100,200 USD, 100,500 USD
Exponential Moving Averages (EMA):
Daily: 50 EMA: 99,750 USD, 100 EMA: 99,600 USD, 200 EMA: 99,400 USD, 400 EMA: 99,200 USD
4-Hour: 50 EMA: 99,850 USD, 100 EMA: 99,700 USD, 200 EMA: 99,500 USD, 400 EMA: 99,300 USD
Weekly Pivots: 100,200 USD, 99,800 USD, 99,500 USD
Daily Pivots: 100,000 USD, 99,800 USD, 99,600 USD
Fibonacci Levels: 100,000 USD, 99,800 USD, 99,500 USD
Fundamental Analysis and USD News
📈 Upcoming important USD news includes the Federal Reserve's interest rate decision and inflation reports. These events can significantly impact the BTCUSD market, as they influence investor sentiment and market volatility.
FAQs
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Based on client feedback, we recommend brokers like:
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Trading signals provide insights and recommendations that can help traders make informed decisions, potentially increasing their chances of success.
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To start trading Bitcoin, choose a reliable broker, create an account, and begin with a demo account to practice trading strategies.
What is the best time frame for trading Bitcoin?
The best time frame for trading Bitcoin depends on your trading strategy. Day traders often prefer shorter time frames, while swing traders may look at daily or weekly charts.
How can I manage risk while trading?
Risk management can be achieved by setting stop-loss orders, diversifying your portfolio, and only risking a small percentage of your capital on each trade.
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Yes, many brokers offer mobile trading apps that allow you to trade Bitcoin and other assets on the go.
What should I consider before trading Forex?
Before trading Forex, consider your risk tolerance, trading strategy, and the economic factors that can influence currency prices.
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