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BTC: TRENDLINE SUPPORT & The Key to Survival
Bitcoin is currently respecting this ascending trendline on the 4H chart. As long as price holds above this purple line, the local bullish structure remains intact. However, a breakdown below this level would signal a potential trend reversal. 🛑 REALITY CHECK: Technical analysis is only 20% of the game. The other 80% is Risk Management. Whether BTC bounces or breaks this line, you will lose money if you don't calculate your position size correctly based on your Stop Loss. Don't guess your lot size. Calculate it. 📱 I use my personal tool 'TraderHelper' to calculate the exact position size and fees automatically before every trade. 🎁 It's a free Web App. You can find the access link in my TradingView PROFILE or on my Instagram ( traderhelper_ok ). Trade safe!
Disclaimer
Any content and materials included in Sahmeto's website and official communication channels are a compilation of personal opinions and analyses and are not binding. They do not constitute any recommendation for buying, selling, entering or exiting the stock market and cryptocurrency market. Also, all news and analyses included in the website and channels are merely republished information from official and unofficial domestic and foreign sources, and it is obvious that users of the said content are responsible for following up and ensuring the authenticity and accuracy of the materials. Therefore, while disclaiming responsibility, it is declared that the responsibility for any decision-making, action, and potential profit and loss in the capital market and cryptocurrency market lies with the trader.