The upcoming market
You will feel that BTC is no longer rising as strongly as before and is leaving altcoins behind.
You will feel that altcoins are no longer falling sharply like before and can rise when BTC is consolidating.
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 rise again with intensity in the end time range.
"Help, I don't know what to buy, there's no positioning, just found out I missed the breakout, now it might rotate to altcoins, what should I do now?"
Let's prioritize it.
1. The first best thing you can do is not lose money.
And the only best way to lose money is to revenge short (because the instinctive feeling is anger from missing out) revenge entry short or stubbornly bearish.
Yes, a bearish position may still be correct, but this is from the perspective of thinking about the bull market continuing and what to do (my point of view), unless you really know what you are doing and are very selective, don't short because you are going against the trend.
Conversely, having missed the bull market, while others have already made huge profits, after a drop, going in for revenge when taking long positions, missing the timing, is no longer buying on the dip, but catching a falling knife.
2. The second best thing is to switch to a mindset that we are indeed on an upward trend right now and it will continue for a while. "Trend Up" ---- this does not mean there won't be any pullbacks, (but it means higher highs -- higher lows -- higher highs -- higher lows) a continuous cycle, positively embrace it. With it, buying "anything at any time" can allow you to exit relatively unscathed.
So assuming you have 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 to really buy "on the dips" 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 hits higher highs, pullbacks will still hurt.
You yield to local lows, prices hit higher highs, which is different from doing the same in a range or downtrend environment, because if handled improperly, the penalty for missing the opportunity is not as severe.
Therefore, developing a mindset of buying on dips is a good thing.
Soul-searching question: How do I buy on dips?
The complexity of trading and the depth of research is almost irrelevant to the complexity threshold of the technical analysis you use; it can be as simple as buying enough long moving averages to catch good dips, and to have confidence that you will make money, not lose money.
"Finding effective moving averages is very simple, but understanding the market conditions is difficult, but only the latter can make the former work."
So now I have given you the conditions.
① Classic support and resistance,
② Find the right EMA and buy on dips every time it touches.
③ Buy a large position
Once you buy on dips, prices should surge in the coming days (either rise or pull back a little), your wallet is up, and everyone's focus is on taking profits.
If you use leverage, I would say to take out 70% after you profit to continue expecting higher, also to limit the cost of capital rates because they are important.
If you hold spot, I would say to put more attention on the big direction at the right time and definitely sell to the overall market top.
So that said, you haven't lost so many opportunities to make money, you are just dealing with different situations, I hope you have accepted that by now.
The potential to make money in the market is endless, which is taken for granted. The market will never die.
