With solana:3KHMZhpthXuiCcgfTv7vVu9PpEz64KAEURFwi6Lopump and ethereum:0xf280b16ef293d8e534e370794ef26bf312694126 having somewhat similar narratives.
Here’s an idea of how long the wait for catalysts could be on both coins.
Aside from maybe getting tweets from Sam and Elon here and there.
So the question is, are both on a good dip to buy here?
@JamesWynnReal Take the word coin out. Memes are memes. Is a meme from 2017 still relevant? Not really. Kids will say “that’s old, I’ve seen it”. The pet rock was one of the first memes. There will always be NEW memes.
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@Crypto_Scient That’s interesting. I’ve also noticed a strange confluence related to the weather. When it warms up Bitcoin pumps. When it cools off or gets rainy Bitcoin dumps. Simple theory.
My favourite weekly strategy on Bitcoin has a 93% win rate since 2017. 16 triggers with only 1 failure.
Here is the full system.
It starts with identifying the weekly range. You need four consecutive weekly candles to close inside the range of a single previous weekly candle. Four weeks of price being compressed inside one candle's high and low. When that happens, the market looks dead but it is the opposite. Four weeks of compression means smart money is loading positions while retail thinks nothing is happening, and the breakout reveals which side they loaded.
Once the range is established, you wait for one of four triggers.
Trigger 1, sweep of the range high and close back inside the range. Price breaks above the high, grabs the liquidity sitting above it, and closes the week back inside. That is a short signal. The breakout was fake, the stops above got taken, and now price reverses.
Trigger 2, weekly close above the range high. Price does not just wick above, it closes above. That is a long signal. The breakout is real and you ride it.
Trigger 3, sweep of the range low and close back inside the range. Price breaks below the low, grabs the liquidity sitting underneath, and closes back inside. That is a long signal. The breakdown was fake, the stops below got taken, and now price reverses.
Trigger 4, weekly close below the range low. Price does not just wick below, it closes below. That is a short signal. The breakdown is real.
The logic behind all four triggers is the same. When price has been compressed inside a range for four weeks, the first move out of that range either traps people or confirms direction. A sweep that closes back inside means the breakout was a liquidity grab. A close outside means the move is real.
This is the cleanest weekly strategy I have ever used and only requires checking the chart once a week on Sunday night.