BTC

Let's look at the current situation with bitcoin, because, as you know, to a large extent, it is BTC that sets the direction for the entire crypto-market.

On the chart, the green icons indicate the rising lows and highs, which tells us that we are still in an uptrend and so far all is well for those who hold long positions.

You can also see the red line, if the price goes below it, then the BTC might fall 17% more.

But please note that it still won't break the trend. Let's not say what will happen if Bitcoin drops below $42k because it's too early to tell. Sooner or later this moment will come when the trend will break, and then we will all catch more of our usual stop-losses. There are newbies who think that we have a huge magic ball here and we know exactly when it will happen. We should answer right away that no, we don't have such a ball. And we will be guided by experienced and the trading system. For example, one of the ways to slightly decrease the number of deals as we grow. It means that while we are still in a rising trend we want to open long positions, and there is a moment when it is not too comfortable to open a long position, but there are not enough signals to open a short position, in this case, we reduce the number of long positions.

Risk management is also an important point. We get a lot of messages where we see that people are very nervous and worried about the trades or the coins they are holding. Friends, if this is the case, it is obvious that you are allowing yourself more than you should (meaning position sizes)

That way there is virtually no chance of staying in the market for long. You'll either lose money much faster than you multiplied it, or your nerves will take away your health and you won't need the money anymore...

We have received thanksgiving messages where people have entered with leverage on our recommendations and have sent screenshots where they have earned huge money, but it's just luck because our recommendations are not friendly with leverage at all.

So friends, let's once again think about risk management using the current Bitcoin situation as an example. We have the potential to fall another 17% if the red support line is broken, Altcoin could fall 30% in that case

We should take that into the mind and not enter the trade with a volume that will make you nervous in such a scenario.

If the market makes you nervous - you should correct your deal sizes.

Remember the market is not going anywhere. Our channel has been making money for over a year now... let's keep doing the same thing as long as it works, rather than risking more to end up with no capital tomorrow.