BTCUSDT Long Term Analysis (4H Chart)
2024-10-30

Technical Analysis Summary BTC/USDT 

TREND ANALYSIS We have 1 Upward trend in green color (Long Term) Be careful trends need to be modified when broken to the new peaks (Downtrend) and lows (Uptrend).
 
FUTURE PREDICTIONS We have 2 support levels that I have mentioned above in the long term.

 The 4H Support level that is protected by the daily level can be support level to be hit and then let bitcoin move upward to new highs or if broken most probably we will be moving downward to the 40000-dollar mark to reach the greediest level and lowest and most likely go upward from there and is a great place to buy. 

I use thickness as an indicator of strength of levels (ONLY FOR VISUALS). 

White Levels are stop losses or levels and trends that were respected from the past. 
Yellow Levels are tighter stop losses and generally will be used after trade is in small profit to start lowering the loss in case trade goes against us. 

Good luck everyone, stay safe!
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