The next market movement
You will feel that BTC is no longer rising as strongly as before, leaving altcoins behind.
You will feel that altcoins are no longer dropping sharply as before and can rise while BTC consolidates.
You will feel that the market is no longer just rotating through memes or other PvP alternatives.
You will see all the old coins you gave up rising again in intensity over the next time frame.
"Help, I don’t know what to buy, I have no position, just realized I missed the breakout, now I might rotate to altcoins, what should I do now?"
Let’s prioritize.
1. The best thing you can do first is not to lose money.
And the only best way to lose money is to short in revenge (because the instinctive feeling is anger from missing out). Entering short in revenge or holding a stubborn bearish view.
Yes, a bearish position may still be correct, but this is from the perspective of thinking about what to do as the bull market continues (my view), unless you really know what you're doing and are very selective, don’t short because you are going against the trend.
Conversely, missing a bull market, while others have huge profits, and then going for revenge after a price drop to go long, missing the timing means it's not buying the dip anymore, but catching a falling knife.
2. The second best thing is to switch to a mindset that we are indeed in an upward trend now and it will last for a while. "Upward trend"—this does not mean there will be no pullbacks, (but this means higher highs--higher lows--higher highs--higher lows) an ongoing cycle, actively embrace it. With it, buying "anything at any time" will allow you to exit relatively unscathed.
So assuming you've figured out 1 and 2, great, you are no longer losing money and are on the path to making money. Now this proves your belief is high, and you just realized this is a buyer's market.
Then the third thing is really to buy the 'dip' at the right time and try not to buy at local tops. FOMO peaks at local tops, and most people buy at local tops every time, even if the price later reaches higher highs, the pullback will still hurt.
You yield to local lows, where the price sets higher highs, which is different from doing the same thing in a range or downtrend environment, as the penalty for missing opportunities is not as severe if handled improperly.
Therefore, developing a mindset of buying the dip is a good thing.
Soul-searching question: How do I buy the dip?
The complexity of trading and the depth of research, and the threshold of the technical analysis you use are almost irrelevant; it can be as simple as buying a long enough moving average to catch a good dip, and be confident that you will make money, not lose money.
"Finding effective moving averages is very simple, but understanding market conditions is difficult, and only the latter can make the former work."
So now I’ve given you the conditions.
① Classic support and resistance.
② Find the right EMA and buy the dip every time it touches.
③ Buy a large position.
Once you buy the dip, the price should impact in the next few days (rising or pulling back a bit), your wallet is growing, and everyone's attention is focused on taking profits.
If you use leverage, I would say to take out 70% after you make a profit and continue to expect higher, also to limit your funding rate costs because they are important.
If you hold spot, I would say to focus more on the big direction at the right time and definitely sell at the overall market top.
That said, you haven't lost that many opportunities to make money, you are just dealing with different situations, and I hope you have accepted that by now.
The profit potential in the market is limitless, and that is taken for granted. The market will never die.
