BERKAY

[BERKAY @berkaysui]

I fucked up.

My goal was to be a successful NFT trader and build my own brand along the way.

I thought I did a good job since 2021. I built a little circle of mine and I made my portfolio grow slowly.

Until I got greedy.

[Astronomer @astronomer_zero]

$btc

Notice how Yesterday I didn't talk about shorts and I'm far more conservative in this post 7.12% bounce range compared to my aggression before or right after for the first move

Especially in ranges like this, shorting is for after the ongoing squeeze, not before it

[Astronomer @astronomer_zero]

$btc longs

It all starts as a humble reaction, and then it ends up as a big trade.

All thanks to the higher timeframe bias and plan lining up with a trade entry.

Best reaction caught ✅
Local ranging done (2 times entry tapped) ✅

Good night.

[Astronomer @astronomer_zero]

$btc longs

And, touchdown! Up 2.3 RR, main TP, 5 W's in a row. All called live here.

Alright! What started as "just" an entry 1.5 days ago, has now grown its seed into a neat win.

I even said I wanted more than the last peak a few hours ago, and we got it. Locking in the main TP here and locking in the W.

That's 5 W's in a row, with everything called live by the way, we don't do hindsight. We deliver on a silver platter.

Leaving 30% of the trade for the big targets, and of course, a runner, because I believe the bottom is in, but do TP now that we exceeded liquidity and received more than the point we initially would TP.

I thank you for listening, I thank you for playing, it has been a pleasure.

[Astronomer @astronomer_zero]

$btc longs

+1800 excursion so far ✅

Yup, that second tap on the entry led us straight to the next liquidity zone.

Personally didn't take any further TP's yet aside from the trim because this long is higher conviction that normal.

We are on our fifth win in a row, off a very key bottoming pivot on higher timeframes, whilst longing a retest after a 7.12%+ bounce, meaning I am aiming to TP higher than our current +1800 points.

Locking in the fifth win in a row will be a mission, but the risk is off the trade so it just comes down to patience.

Yes, I could have locked it in earlier, but after all, trading is about optimal process in every situation first, not about boasting win streaks as a priority.

But for fun, we will absolutely boast it briefly once it finally reached the prices we want above.

[Astronomer @astronomer_zero]

$btc

Notice ever since we put in a 7.12%+ bounce, the market refused to make new lows on the retest

Compared to all the other times we didn't put in a 7.12% bounce, where a "retest" led to new lows instead

Exactly why we required a 7.12% bounce first to buy spot on the retest

[Astronomer @astronomer_zero]

$btc longs

Up +1300 points so far✅ Trimmed here at +1000 points.

Alright! Nice reaction so far, clearly showing the markets intent of our longs.

Unfortunately, I'm only 65% filled as my lower limits didn't get filled, I'm more than happy to proceed with this long and I'll wipe my tears with dollar bills meanwhile as I run to the bank.

Took with partials here, institutional liquidity invalidation is just above 60.3k so you want to keep your SL below that, i.e. mine is at 60.07k.

Happy with the long, happy with the first move so far, everything has been shared in live time.

Hope for our next target further up, to lock in our fifth W in a row. Final target for the bulk of this move sits at 66k, but you want to set risk free here and not act like you are the best trader in the world.

If you caught this move with me or copied me with conviction, you already are amongst the best because only few took it and you performed 90% of trading: nailing the entry, framing the invalidation liquidity and removing the risk off a trade.

Good morning.

[Astronomer @astronomer_zero]

$btc longs

Good reaction off the first level so far.

Still expecting some local ranging and local downtrend fading.

And remember:

➡️Weekly: bullish, 60k bottom is in imo.
➡️Daily: Range, I expect a range to form in the 60k's.
➡️Hourly: shifting to bullish, but downtrend still fading out. So far, reactions looking better and better with the first solid reaction off our long entry, given in live time. But expect some ranging.

Good night

[Astronomer @astronomer_zero]

$btc

Flipped shorts back into longs. Can we get five wins in a row?

Short post, no long explanation. A lot of writing and sharing has been done on my end already today.

This is the zone to build long imo. Enjoy.

[Astronomer @astronomer_zero]

$btc bottom formation masterplan, pt2

1⃣7.12%+ bounce ✅
2⃣Retest of the lows (just closed shorts)✅
3⃣High conviction spot buy in✅

So that indeed means, spot buy 2 is in.

I congratulate you for sitting through this process with me. You have been patient.

[BERKAY @berkaysui]

@astronomer_zero 🔥🐐

[Astronomer @astronomer_zero]

$btc shorts

61.2k reached ✅Target reached, fully closed shorts. 4 W's in a row.

Alright! The story of the shorts are long, and the story of the shorts are strong.

We took them with conviction, a slow build, a slow and long process, because we said to not take any partials, until our target.

Well, with 4.6% deep into the move, no partials taken so far, and now our 61.2k target hit, I don't think there is any need to wait any longer, and we simply close the trade.

Thank you all for playing along, it's been a joyful ride.

Eyes on a long next, because this is our 7% bounce.

[Astronomer @astronomer_zero]

$btc shorts

$700-$1000 reaction complete. ✅

But remember this is a slow build where we give the market time to develop the bigger move through the peaks and the throughs.

Still, feels great to showcase you how to nail the hourly top tick entry and show you how its done in real time and show you what is possible, every day, every week.

Have a great week ahead.

[Astronomer @astronomer_zero]

$btc

Bounce now reaching apex upwards momentum. Now, we start the no-partials short.

After the last short, neatly TP'd at the local low as liquidity has been squeezed again. No further TP's came, so for me, it's time to start building another short slowly and calmly.

No time to write a lot of information here of the details, the to do list is dense today personally.

But you already know the plan, of finally receiving the 7.12% bounce, and thus, slowly shorting our way into it until we catch the bigger drop, to retest near the lows, where we buy spot, and go long with conviction.

Since imo the bounce is now getting towards it's apex upwards momentum stages, I am increasing conviction and am going for a short I will take no partials on. Only adding to the position over time (so don't come at me with "it's too early" because then you don't know what type of trade this is.

So this won't be the regular type of trade format, this will be a slow and gradual process.

So again, no time to perfect entries, nor to have a tight SL this time on it for me nor go extensive in posting, but this is "the big one" where I aim to catch a larger move down.

And yes, you do see that correct, going for 1.2x leverage as it stands. No need to repeat the math as to why. A 5%+ move is what the ultimate aim is from average entry to target, with 1.2x leverage or more, that is at least a 6% gain on the account. That is only what most traders can dream of. So yes, 1.2x leverage.

To score it that 6% to its full extent however, no partials are indeed allowed as they eat into profits when done early, and so instead, we slowly build into it.

Enjoy and I hope you enjoy the longer ride this time.

Target area as it stands: 60.5k, subject to change.

Section for beginner/novice

Ah yes and before I forgot to write this ever important section as per usual: the fact that I am short, does not mean I am bearish on the high timeframes. I am short on the hourly, which is a factor of 144 or higher away from weekly/monthly. So that is completely detached from each other.

In fact, I was pretty much the only bull as we first reached 60k, the case on the 6th of Feb, and the case now on the 5th of June.

➡️Weekly bias: bullish, I believe the bears are wrong and the weekly bottom is in at 60k
➡️Daily: range. Imo we form the 7.12% bounce (done) and range for a while before going higher.
➡️Hourly: shifting bearish locally. The range is subject to top out after apex momentum fades and forms a range high.

Current leverage: 1.2x

I thank you and wish you a smooth ride on this short.

[Astronomer @astronomer_zero]

$btc - thoughts on why lengthening cycles are non sense and my thoughts on the 4 year cycle.

Using lengthening cycles as an excuse to expect 100k in 2021 in the bullside and the 4 year cycle now to expect 50k on the bearside is not trading, it's engagement farming to let the followers hear what they want so that they follow you because people want to hear "lower prices are coming" to justify selling in this macro 60-80k range.

I am slowly understanding how social media works and it's no different from those loud voices over the shoulder on hedgefund trading floors.

Learn to block them out and you become proficient.

Message to the bears: the 4 year cycle will never die. But the bottom doesn't have to be a new low. It could, but it doesn't have to be. It just has to be a significant low, not necessarily below 60k let alone below 50k

Study the gold chart below for instance and understand how the bottoms plant in its 8 year (2x4) cycle.

[Astronomer @astronomer_zero]

Summary of my last 4 posts:

1️⃣ We achieved our 7.12% bounce, big celebrations for us
2️⃣ Bears peak posted into the 60k low, great sentiment present which fuels the bounce.
3️⃣ Our master plan part 1 is materializing, we move on to part 2, to slowly build shorts.
4️⃣ Shorts entered

[Astronomer @astronomer_zero]

$btc - low/mid timeframes

Time to build shorts, to slowly but surely start planning for the retest of the lows.

Alright, now that we received our 7.12% bounce, we can move on to the next step of our masterplan, where some crucial moments are coming up in the market of bitcoin over the coming days/weeks.

Because not only does it mean that the low is likely in on the high timeframes per my metric, it also means that the market makers are preparing for a drop back down to retest the wick.

Why? Because into the bounce which is forming, many "engagement farming bears" (bears who weren't loud at 83k but only are now) have been trapped into the 60k low (whether it is with their positions, or in their posts which induce followers to sell at the worst time).

They are getting trapped now because at 83k they were silent so their followers likely thought they were wrong at that time, and now they talk very loudly, so that confidence translates and many positions have been sold into the 60k low (peaking into the excess period).

That's not to "dunk" on the bears, I have nothing but respect for all participants in the sport of trading. But it's a mere sentiment read, of how engagement farmers are always bearish and bullish at the worst times.

And the same sentiment is true throughout the sizes who control markets up to the large funds' level, hence why I address it and so we can act accordingly.

So the bears (or followers of the bears), have been trapped (refer to the order flow) and are likely performing some hedged moves such as calling for bottoms or rallies the next months, create vague tweets (without specifying entries or exact numbers/levels) or any other shady business which is not helpful to anyone trading, in fact, the opposite.

Again, not an offence, but a great sentiment sentiment read, to know what the best next trade is, which IMO is a short. One of those slow and size and sizeable shorts.

One that I aim to build over multiple stages by the way, as I want to up the size dramatically over time given the conviction of how many bears are trapped and now getting liquidated.

Good liquidity to fuel shorts upon and get our retest of the lows in the coming days/weeks.

Indeed, it won't be Tomorrow most likely, but that's good. The longer the bounce takes, the better for the bottoming process, the more entries we may allow ourselves to ad, and the bigger the pay-out, and

Give it time, but time is nothing but what I have.

Current leverage on these shorts: 1.1x

[Astronomer @astronomer_zero]

$btc bottom formation masterplan

1️⃣7.12%+ bounce✅️
2️⃣Retest of the lows (build shorts)⌛️
3️⃣High conviction longs/spot buys⌛️

[Astronomer @astronomer_zero]

$btc

At the time of making the post below, the bears who were silent at 83k, suddenly came out of their cave with peak frequency of posting around the 60k low.

Now they're all calling for a rally, vaguely. We'll see how they hold up on their vague calls.

But what we recognize is their engagement farming, how it made many capitulate into the lows, and how they do it into the lows (60k) instead of the highs.

The time to post bearish was in the 80's, not in the 60's.

We're here to make money, not to constantly repeat we're right after the move already happened.

[Astronomer @astronomer_zero]

$btc

7.12% reached ✅️ The low is confirmed.

Alright! Those who have been following me closely, know we have a little celebration going on, because we indeed finally reached a 7.12%+ bounce. Not only that, it happened during our live 60k called bottom, guiding you through the entire process from neutrality to excess to local negative excess now.

That's a big moment, because not only does it mean I will buy spot once the bounce is done and we retrace close to the lows to buy nice and cheap, but it also means our 60k bottom call is still likely correct imo, despite all the bears dancing on the table, telling us 50k is coming, telling us they were "right".

They were indeed right, we made new lows. But what did it lead to, did they make money? They had exactly a 1.49% move below the prior wick low so far.

Which imo means it's not a good time to be bearish as we are forming a bottoming range, both on the monthly and the daily/hourly.

But bears (who don't trade/just engagement farm) will always be loudest when prices are lowest and at the worst times. That's not to dunk on them. I respect every single participant in the market who puts money in them. But it's just being realistic as to who will pay us when we buy and sell.

And that's not to say being bearish overall is bad. The time to be bearish was at 82.3k, not now.

As a bear, going silent at 83k and loud now, is the opposite of what you should be doing.

Being bearish now caused many followers to capitulate into the low, fueling the bounce and many followers of the bear market believers who peak engaged on Friday, induced a lot of selling, influencing panic all around.

So the same way they were peak bearish last time we hit 60k, the same way they are now, simply look at their profiles and how frequent they have been posting last Friday.

So, I think this 7.12% bounce is timed perfectly, off our 60k bottom call and silver channel (+other confluences).

Next, I am looking to short the bounce slowly, until we get a retest back down for spot buys, to go long and close the short into a W.

Yes, that is a short. I talked about why. This is a local short as the bounce likely retraces locally to the lows once it fades out, and then, I long and buy spot. So I build shorts slowly first into that bounce.

This short is on the hourly (shifting locally bearish), which has nothing to do with the monthly (bullish).

I thank the close followers, I thank my edge and my mentors, for teaching me over the years and making bottoms calls like this possible. And I thank the bounce metric as well for presenting itself elegantly.

[Astronomer @astronomer_zero]

$btc shorts

Nice rejection off 0% excess so far. Closed 40%

Alright, currently, we are budging from my first potential point of rejection, punishing the first wave of liquidity and also not crossing the gates yet of my ever important level situated 7.12% above the low.

Trade up 1.6 RR and reaching some local liquidity.

Took out 40% here, 1/(1+1.6) = 38% so that sets the trade to risk free.

My manual exit method is now locked into a hard SL at 63.15 and regardless of what happens now, we win because if price takes out the trade, we get our 7.12% bounce, re-short and if we drop further we get paid massively, for our fourth win in a row.