There is a lot of talk about retail traders and if they stand a chance.
We gave you the best summary we could of how you absolutely stand a chance in this little thread.
@kevinsekniqi Used to have same condition. In my case it was psychosomatic. Look into Sarno’s work on TMS. Read with an open mind. It’s not widely accepted as far as I know (because it’s not as profitable as other things I guess), but has been life changing for me personally as well as others
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A lot of you are going to sell early because of “top signals” let me explain
With each cycle the market reaches a grander audience. What was an obvious top signal in 2017 won’t be in 2021, and same goes for 2024-25. While they will
Mimic them they won’t be the same.
10 celebrities talking about $BTC in 2017 would mark a top. 100 celebrities talking about $BTC in 2021 would mark a top and so forth.
The market is growing so is the sell signals. Don’t let the PTSD ruin your fun
Make sense?
before i get a lot of solana traders in the comments
i am long sol and have heavy bags in:
$mumu
$usedcar
$chud
$rbt
(yes i think theres a ton of other good coins - these ones just fit my thesis that ive explained before)
i just think the pumpfun-era of 50+ derivs a day
& everyone bandwagoning behind the 10th animal iteration of $michi will slow down
and there will be a big flock to quality/battle tested memes on sol
we saw it last time btc broke out of consolidation at the end of february
coins like $popcat which were "out of meta & never going to pump" straight up god candled to 100m
it's NOT eth vs sol - its eth & sol
quality coins & communities will flourish soon imo
if you don’t understand a certain memecoin
at least understand the community
let me explain:
last cycle if you had no idea what $link was or what it even did
but you were on ct/4chan & understood the level of strength the “link marines” community had
you could have bought & held on that sentiment alone
it was the exact same thing with $shib & the “shib army”
a recent example of this?
$mog
i think there’s a vast majority of people in this space new/old & of all different ages
who don’t get what $mog or “mogging” is
& even if they do I’m sure people could come up with reasons why the meme shouldn’t be that big
BUT
there is absolutely NO DENYING the incredible strength of the mog community
even before they broke out in price
the community was still everywhere & working incredibly hard for the coin
& because of that
i have VERY HIGH conviction that the community is going to take it to multi-bil mc
even if you don’t like/get the meme you can 100% bid on the community
—————
it’s important to understand a genuine die hard community
vs a “faux” one
it should be pretty obvious to decipher - just make sure the coin has been truly “tested”
there are a good amount of other coins similar to mog rn that will have their time to shine soon
& im certain because of their communities strength it will push them to crazy high mc’s
when it comes to placing bets on memecoins that could be good high conviction buy & holds:
make sure to check if they've truly been "tested" yet
let me explain:
memecoins that have virtually been up only with minor pullbacks
are super easy for people to scream from the rooftops that they are die hard holders of
but it's not until theses coins truly get "tested"
that they develop a TRULY DIAMOND HAND community
& when they finally leg up again they GIGA PUMP
because that diamond hand community "refuses to sell" & has an unwavering belief in it
for example:
shib & floki last cycle both went through 2-3 full on RUGS & full on COMMUNITY TAKEOVERS
it was crazy - both of them got rugged, had a CTO, got rugged again, had a CTO, got rugged again, & had a CTO
and once they finally survived all of that
they both went through excruciating periods of massive fud, consolidation, chop, & low volume
but through all of that
a community of TRUE BELIEVERS & DIAMOND HANDERS was created
there's a reason the "shib army" became such a massive thing last cycle
when both of these coins finally caught a volume rotation their pump was violent..
----------
two examples i can think of this cycle are:
$popcat & $pepe
(these are just examples & not hard shills so relax)
both charts have had excruciating periods of sideways consolidation, fud, and disbelief
only to both come out of it with truly strong communities that have unwavering belief in their respective coins
& since they've both been truly "tested" i have a feeling they'll perform very well the rest of the cycle
there's plenty of other coins out there like this btw
just pay attention to how the community reacts/responds when its being "tested"
did you miss the $gme pump on SOL?
well you still could have captured a ~50x-200x
if you understood historic memetic volume flow
the memecoin arena is extremely fast paced & volatile
with "metas", volume, & attention shifting at the blink of an eye to one of THOUSANDS of different tickers
so how could you have captured a ~50x-200x from a $gme pump that you missed?
let me explain:
if you're "grinding in the on chain trenches" daily
you should have a pulse on the market & have also been around to watch the rise and fall of many "top" coins
these top coins (if they hit a huge mc) are typically not truly dead - they just hibernate
& often times eventually catch another round of bids
$gme on SOL was MASSIVE at the end january this year
& you know what was right behind it?
$amc
so how could you have used this information?
well when roaringkitty tweeted - all eyes were immediately on everything $GME
the stock went up pre-market & $GME on sol started catching bids
thinking a few steps ahead if you instead immediately bid $amc
you would have been able to secure a 10k-500k mc entry on it within the first couple hours of the $gme news
which would have given you a ~50x-200x gain within ~1.5 days of holding
----------
now before everyone starts coming in here saying things like:
"this is a ONE TIME exception the roaringkitty news was huge! this doesnt always work!"
well, sure i'll agree this isnt a perfect science and doesnt always work, but NOTHING does in trading
however this is not a ONE TIME exception
i can give you another example that happened recently:
$usa & $china
usa was big mid-march hitting 20m+ mc, volume/attention then went elsewhere, it then faded off & "hibernated"
$usa then started catching massive bids again around april 5th
you had a few days to proactively understand the potential historic memeative volume flow
and buy/accumulate $china under 100k mc
which would have given you a ~150x+ gain from bottom to the top
----------
these volume flows happen ALL THE TIME and they will CONTINUE TO HAPPEN the rest of this cycle
& you can MASSIVELY profit from them if you are proactive and spend time understanding them
Pro tip:
Buy Memecoins where you see:
Price down
Holder count up
Dip Buyers + Resilient Holders + Bigger holder base = More evangelists = Faster time to and Higher chance to reach CRITICAL MASS both INSIDE *and* OUTSIDE of the Crypto Twitter bubble = Vertical Price Action
FINDING CULTS IN LOW MC MEMECOINS
This is my checklist for finding cult coins, separate of charting. Think this + a good chart will continue to be a winner in finding cult coins in this run:
1️⃣ Telegram
Check the tg, are they shielding, do they have any phrases that are catchy (i e /hat_stays_on), do they have a separate meme channel with a fuckload of memes and someone constantly generating content ?
2️⃣ Fanatics/Ambassadors
Are there notables shilling this coin? preferably someone with 50k+ following dedicating their work to the coin and barely talking about other coins (does not count if they’re shilling a new coin every 2 hours)
3️⃣ Dumpage behavior
Are the retraces getting bid heavy at capitulation levels? Is the community still vibing regardless of price?
4️⃣ Twitter Presence
Search the ticker on twitter, are the memes you see funny + have variety and not the same image being passed around? Do the tweets feel more like meaningful write ups and less spammy?
5️⃣ PFP
Are people changing pfps to honoraries / customs / adding wearables (I see a lot of wif/michi pfps)
This has worked well for me this year in finding cults in low mc shitcoins which is a huge key for upside, hopefully continues to do so 🫡
higher
Yesterday I used https://t.co/bA4nRL0LiL to launch a funny meme [yes, really]. Of the 48% from the dev wallet: 28% is burned, 10% is locked for a year and 10% is locked for ten years. I don't have any other supply
Some interesting learnings about the memecoin factory from this:
first
you're going to want to find a coin/ticker of something that mooned incredibly hard and:
- wasnt an obvious CT shill
- wasnt a presale/cabal/vc coin
- kind of mooned behind everyones backs
(for this example we'll use $boden)
then, you're going to want to pull up the chart and find the day & time it was released
so march 3rd 2024 (remember that) 👇
going to be breaking down a pumpfun launch - $mewing
for this one im going to highlight the differences & nuances of pumpfun launches
but how you can still utilize this strategy on them
----------
they're different because:
- they dont start at 0 mc on launch so their starting candles can look odd & even dip down below the starting mc
- when the pair finally hits raydium you're dealing with a lot of people who:
a) are immediately selling for any profit they can get
b) people who own a ton of the supply offloading
- this often times leads to a very stagnant/dead looking chart before it starts moving up
----------
so instead of gambling on pumpfun or when its immediately listed on raydium
use the exact same strategy from the previous quote tweets below with some slight tweaks:
- watch and wait on its raydium listing to see if/when it moves up (this can take hours)
- how hyped is the move? if its solid and youre seeing it on CT then wait for the hype to fade as usual
- wait for the typical ~80% initial pull back into a psychological zone
- buy & be patient
- sell for a 2-10x & stack gains
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follow for part 2
where i will break down $mewing even more
since it clearly mooned beyond this chart i posted
& discuss "escape velocity" in depth
and how you can squeeze even more profits from a coin when it enters it
another example of one today - $opple
it's basically the same game plan i've laid out in all the quote tweets:
- it had a lot of initial hype on launch today
- hype faded
- early & late buyers start panic selling
- typical ~80% initial pull back into a psychological zone
- buy & be patient
- sell for 2-10x & stack gains
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if people want i'll keep posting these, but i'm sure its a bit redundant at this point
i keep posting them to show that these opportunities present themselves nearly everyday on chain
even in the current market conditions
making high r/r trades with a good plan will allow you to stack gains and grow your portfolio even in this down period in the market
what a lot of on chain/memecoin traders NEED to understand:
a CEX listing is only bullish if it’s a T1
bitmart, poloniex, MEXC, lbank, etc
are anything but bullish
those sh*tty exchanges are incredibly predatory on low cap coins for their own benefit
also something else no one really talks about
many predatory devs/teams seek these t3 CEXs out ASAP on their coins
why?
because the teams often own a ton of the coins supply
& getting their coin listed on those CEXs
allows them to transfer their large % holding there and sell without on chain sleuths finding out
what i don't think is talked about enough with on chain/memecoin trading?
what type of trading style suits YOU & is most profitable for YOU
your twitter TL will make it seem like its easy money
& that everyone at all times is all sniping coins, buying into every single fresh launch, or buying $10k worth of every meme
turning 1 sol to 1000 SOL flashing uPNLs everywhere
but what i think is lost in all this noise
is the fact that there are many different approaches/styles you can attack the memecoin market with
and focusing on just ONE (maybe 2 when you get experienced)
will give you a massive edge that will turn it from memecoin "gambling" to "trading"
imo if you're brand new to this you should pick one of these & focus a lot of time learning it to become an expert at it:
1. sniping
2. fresh launch sleuthing
(i.e. camping bots like moneypenny to determine which of the many coins lining up to launch might be good & then buying at a low mc when one does)
3. swing trading
4. determining memeatic strength then buying with size at a good entry and holding
----------
me personally?
i have tried all 4 with a ton of trial & error in my years of trading on chain
and i ABSOLUTELY SUCK at sniping & have a very low PnL gambling on fresh launches
i've made money on both but over time lost even more
are they bad strategies?
no. there are TONS of people making 6-7 figs doing either of them
its just not my style
i personally prefer #4 and have had a way higher PnL doing it over time
(i also do #3 too to slowly grow my portfolio)
but thats just MY preference
& it took me way longer then it probably should have to realize what i should focus on
cause again, your TL makes it seems like you should be doing everything at all times