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Astronomer @astronomer_zero on x 34.3K followers
Created: 2025-05-08 20:46:43 UTC
"Astro, help, I'm frozen out, not positioned, just found out about you and missed the bottom, the breakout, and now potentially the rotation to altcoins, what do I do now?"
Let's work our way down priority wise
🥇The first best thing you can do is not lose money.
And the single best way to lose money is revenge shorting (because the natural feeling is being angry for missing out). 'The short towards your entry' or remaining stubbornly bearish.
Yes, the bearish stance could still be right, but this is from the standpoint of thinking the bull run continues and what to do (my standpoint), don't short unless you really know what you're doing and are very selective, because you're going countertrend.
🥈The second best thing to do is to flip the switch into a mindset that we are indeed trending up now and will continue to for a while. 'Trending up'. Doesn't mean there won't be any pullbacks (...), but it means HH, HL, HH, HL's aggressively, accept it. And with that, buying 'anything, at any point' is very likely going to get you out relatively unscathed.
🥉 So let's say you have X and X dialed, great, you're no longer losing money, and on a path to making money. Now that proves your conviction is high and you just realized it's a buyers market, and then the third thing is indeed to buy "dips" at the right time and try to not buy local tops. FOMO peaks at the local tops, when most people buy locally each time, and a pullback then still hurts even if price makes a higher high later. You capitulate the local low, price makes a higher high and feel burnt in a different way than doing the same thing in a range or down trending environment as the punishment for missing out is not as big if handled incorrectly.
So it's a good idea to get into the mindset of dip buying.
How do I buy dips?
Followers who have been here for a long time know the complexity and depth of research I put in my trades, but the threshold to the complexity of what TA exactly you use here is nearly irrelevant and could be as simple as buying a moving average long enough to catch good dips with some conviction and you will make money, not lose money.
"Effective TA can be very easy, but understanding the conditions of the market is hard yet only the latter makes the former work"
So now that I gave you the conditions, you can to the degree mentioned stick to simple TA such as (short list just projecting the simplicity, there are way more options)
1⃣classic support and resistance, 2⃣finding the right EMA and buying the dip every time it touches 3⃣buying large liquidation flushes
Once you buy a dip, price should rush away the next day(s) (plus or minus some drawdown), your bags are up, and all eyes are on taking profit.
If you're using leverage, I'd say take XX% out by the time you really expect another flush, also to limit funding rate costs because they are significant.
If you're holding spot, I'd say put more focus on selling slowly but surely into overall market top.
So with that said, you haven't lost that much opportunity to make money yet, you're just dealing with different conditions I hope you have accepted by now.
Money making potential in a market never ends, as it should be. A market never dies.
XXXXXX engagements
