@astronomer_zero Brother hasn't lost a trade for 5 trades now and doesn't wanna lock it in early.
In a world where everyone wants to look good and feel like they're right.
Truly built dif.
@kristijanpop@astronomer_zero Yeah, he seems to talk loud whatever the narrative is. He was very bearish yesterday now is calling for a bottom in june. π²π² Always in hindsight
@astronomer_zero While your range bias from feb 8th and your bullish bias from 66k to 83k were spot on. And while your bearish bias from 82.3k towards 74.1k was right too, the aggressive move down after losing 70k was wrong.
But when it comes to your weekly bias, you rarely ever get it wrong.
@KillaXBT Nice but bitcoin historic funding: 0.01%/ 8h = 0.03% per day.
0.03% Γ 730 = 21.9% of position size.
At 2.75x lev: 21.9% Γ 2.75 = 60.2% of collateral gone. So a β3Rβ trade with 50% SL: Gross target = +150%. Net after funding = +89.8%. Effective RR: 89.8 / 50 = 1.8R.
@astronomer_zero@batata92604 Most important of all, he does it live and without skewing his image. Just plain and cold truth of what happens with every position
@astronomer_zero@wyckoff_paradox Lol astro just ignore. He is clearly in default attack mode. His profile shows nothing but hindsight trades and looking deep in his history he attacks people quite often.
Don't waste time on them
@astronomer_zero So plan is expecting 7.12% bounce but not trading it because risk is still too high.
And if 7.12% bounce is given you do what, short again?
@astronomer_zero Thank you astro. Thanks to you i'm still 70% dry powder. With ammo for 2 more spot buys as you mentioned.
Timeline giving bad taste in my mouth, was about time someone said something reasonable.
@astronomer_zero "my plan is valid until it's not, just like my daily zone was above. I am a "delusional" believer of my plans, until the second it gets invalidated and then I abandon them immediately"
This is exactly what I like about your trading.
We have seen that very clearly in recent time
$BTC - "bear market" spot plan
What to do with spot for the rest of the "bear market" and why it gets interesting again here
You may remember how I called my bullish bias invalid at 81k, expecting lower. And how it's good to sell some spot right at that point if you were positioned too early or didn't have the same initial entries at 21.5k per post 3 years ago.
But you may also remember how I don't think this won't be a deep bear market like the ones we have seen in the past.
I said this a few posts ago how I don't see us go down much further than 50%, which in $BTC terms is hard to call a "bear market" (see May/June/July 2021, new ath's were made).
Now that we're already 12% below bullish invalidation (which was quite a late invalidation), and overall down 42% overall from ath's, as well as getting closer to our purple POI, here's my plan on what I'm doing with it.
I usually don't share these types of positions all too extensively since spot buys don't require much management and are quite clear from my posts/can be mentioned in one or two lines.
But I hope keeping it more extensive helps you keep it level through what seems as "the end of bitcoin".
I understand your emotions but last time my bullish bias was invalidated about 7 years ago (I was one of those few 6k bulls back in 2018), it was also one of the best times to buy, after waiting for lower first.
At the time, we were seeing a lot of "mindless DCA strategies" or "risk adjusted DCA strategies" out there. Which, they have worked on $BTC in the past given it's general and strong upside nature.
But I find the psychological aspect of regular DCA-ing, not as appealing as pacing buys in a smart and patient way. Plus it also doesn't guarantee to be positioned in any significant position size way. (If you plan to take hundreds of entries, you may only hit one tiny size, having to add the other large majority higher later or never ending up being deployed at all).
So while the first local long in the non-bullish weekly environment since 81k, didn't work out, high timeframe, price below April 2025 is still a good high timeframe buy even if our purple POI is not hit yet.
Consequentially, here is the first buy and the outlines of my shared plan.
I repeat, this indeed isn't a "mindless DCA" or "risk adjusted DCA" plan (large amount of buys/high frequency hoping to get a good average).
This is a plan to take very few entries at good times, keeping that in mind when sizing.
Hope this helps you understand my overall view of not being bullish at the moment (bullish bias invalid), but not being overly bearish either on high timeframes.
Just keeping it level, pacing spot buys and not getting high timeframe bearish in the classic $BTC "80%+ drawdown" sense.