Transcription
Today, the question is, should you be buying this dip? Especially some of the meme coins, some of the Solana ecosystem coins, Solana, some of the L1s. They are down 10 to 15% from their local highs. So, is this a dip worth buying? Should you be waiting? And if you are going to buy any coins in this market heading into August, September, October, potentially a frothy period in the market, what should these coins be? Because I'm of the firm belief that you shouldn't just be aping into absolutely everything and anything. You have to have a set of criteria of the exact altcoins that you are going to be longing on dips.
So, in today's video, I've actually built that criteria for you. It's a four-step criteria which eliminates actually a lot of altcoins in the market and consolidates it into a really obvious batch of altcoins which I'm going to discuss today. I believe actually there were technically only four or five altcoins which ticked all the boxes right now that I'm looking for in terms of actually buying this dip. And then the rest of them could be about to confirm, but that'll become a little bit more clear later in the video when we go through the criteria itself. So, it's going to be a very alpha-packed show. We're going to have an extremely high alpha per minute here. So, if you do enjoy content like this, make sure you smash that like button and smash that subscribe button for daily crypto alpha.
Hope you guys enjoyed the stream earlier in the day where Paradise and I went over some of the trade setups. Interestingly, some of the altcoin setups that we did discuss in the show have already started to show some nice signs of bouncing, which is good. Um, we talked about Sui, we talked about Solana, we talked about XRP, we talked about Pyth Network and SPX. They all tagged the noodle and also their daily FVGs as well. So, we did get a couple nice low time frame entries earlier in the day. If you watched that, you would have been prepared. But if you didn't, you didn't miss out on too much. These are small bounces across a few altcoins, but the majority of altcoins are still down in terms of their local highs to current levels.
So, to set the stage here for the criteria, I'm going to introduce, um, firstly, I want to go through a market update to give you guys a bit of an update as to where we currently sit. So, Bitcoin, honestly, not much to update from a technical perspective because it's just chopping. We're basically in chop city since pretty much the beginning to mid-July. It's just been chopping for like the past two weeks. So, nothing much to update. I like to do my business in the extremities of a range. Obviously, my lower bound targets are the CME gap between 114 and 115K. I would love to do business down there. In terms of buying more spot Bitcoin, in terms of a smaller spot position or a potential leverage trade, I would look at potentially playing the lows in this zone here. And I would also look to pivot off those highs if we did get a Bitcoin breakout, you know, targeting 125K plus if we did manage to confirm above. But until we break the extremity of the range and actually consolidate above or below, I'm not going to anchor my bias bullish or bearish for Bitcoin. We're just in the middle of the range, and you have to play ranging conditions differently from trending conditions.
Speaking of ranging conditions, the leader of the altcoins, Ethereum, is now also a ranging coin. Um, it had its run a little bit later instead of making its local peak on the 13th of July, it did so a little bit later on the 20th of July, and since then has just been chopping. There is a line in the sand for Ethereum in terms of low time frame price action traders, and this is still relevant, you know, on the four-hour, even the daily. Um, this is the 3.650, 650 zone. I think this zone, which we're starting to compress against, is a key zone in terms of a short-term line in the sand for bullishness or bearishness. So, and this will become more obvious on the one-hour. If we can get back above this zone and get back above the one-hour money line, which has been a really strong level of confluence to establish Ethereum's trend since the 16th of July, you could see multiple tags, and it's basically been adhering to this structure the entire way until it flipped below and we had a bearish rejection. Um, this is the key level. So, you've got confluence between the money line and also this red zone here, which is your low time frame pivot zone. So, basically, what you would be looking for is a reclaim of this level and a bullish retest to start to target those prior local highs on Ethereum of 3850. Alts would likely do well in that environment. Um, but we are rejecting off this level now. So, we need to see how we react because if we have a push up and another rejection, we make a lower low on the lower time frames. Then this level that we tagged yesterday suddenly comes back into play at 3,500. And then if you do want to go into the four-hourly or the one-daily, we know there is an FVG, a fair value gap down at the 3,400 level that you need to be aware of. And this is your scenario for a deep sweep.
So, in terms of how I'm structuring my dip buys at the moment, I'll get into the exact strategy later in this video. I'm nibbling on some of the strongest alts that fit my criteria, which we're going to discuss. But I'm also saving a bit of capital in case we do sweep that zone because there is confluence in the 34 to $3,500 level on Ethereum. And also that matches up with the CME gap on Bitcoin between 114 and 115 if you go into the CME futures chart. So, I just want to be cognizant of that. Hence why I wouldn't go all in on a small dip like this. Remember, we still have time. I still do think from a macro perspective, the real crazy period, the euphoric period in the market hasn't kicked off yet. In fact, I do think that the market's reaction to this dip actually proves that because people were quite scared of this dip. So, in my opinion, that's proof that we are going to go way higher because if you remember back to 2021, whenever there was a dip, everyone was desperate to ape in. True euphoric conditions, people are absolutely desperate to buy, and dips tend to be super shallow. So, the fact that at least, you know, anecdotally, I saw on my feed a lot of people scared, in my Discord, I was getting questions. Um, I guess that's a sign that a lot of people maybe started to enter the market a little bit too late. Obviously, if you're in spot positions from weeks ago, you're relatively comfy. Um, but if you're maybe a newer participant that's just come back and you just entered, maybe you're not as comfy. But nonetheless, that fear, in my opinion, shows that people aren't really believing yet. I was seeing tweets about, you know, the bull run's already over and, you know, that's it, you know, pack it up, time to go home. Like that kind of rhetoric, in my opinion, does show us that there is more upside in the market because if it was the real euphoric phase in the market, then people would have been absolutely licking their lips and buying up that dip with size, which they weren't. So, that is a good sign in my opinion for the market.
And remember, the real pointy end of the market, that last 20% time-wise of the cycle, usually contributes to 80% of the returns in the cycle. It's the parabolic phase of the market which I think we're about to enter that is obviously the biggest opportunity to make big gains, but it's also the biggest opportunity to lose big gains as well. So, you have to tread carefully during this period. You have to make sure you take profits heavily during this period. You have to make sure you have invalidations during this period, and you need to make sure you're in the right altcoins during this period. Um, or it can go really wrong for you. So, on the flip side, I want it to go really well for you. And that's why I'm going to give you a set of criteria that I have built that I'm looking for in terms of new alt entries. And I did find this funny as well. Like three days ago, everyone was begging for a pullback. And then as soon as a pullback comes, everyone's scared to buy. So, human psychology, especially in bull markets, never ever changes.
So, before we get into the criteria, I want to give a quick recap on my macro view. Uh, I've been speaking about this a lot recently, but I think it is good to recap. Ethereum, there's still a massive discrepancy between ETH and Bitcoin. ETH from the lows is only up 300%. Bitcoin's up 663%. ETH, and this is a very interesting fact, from the 2021 high is down 25%, whereas Bitcoin from the 2021 high is up 72%. So, a big discrepancy there between the 2021 highs and the ETH high. So, I do think a lot of fund managers and retail as well, which is why we've seen the ETF inflow skewing towards ETH and away from Bitcoin in recent times. You know, people are now realizing that there's a bit of a catch-up trade here. And I still think this catch-up trade has a ways to go because if you actually look at the leverage building up in the market for Ethereum, it isn't that frothy. So, ETH rallied to 3.8K without a crazy rise in funding. You can see relative to other local peaks for Ethereum last November and earlier in the year in May, and then 2021 where it was much higher. Like that was a really small peak in open interest, which shows me that a lot of the bidding for Ethereum was happening in the spot markets, it was happening in the ETF market, so on the stock market. And that's obviously a spot conversion happening there, but it wasn't happening in the futures market. Now, when things get really, really frothy, you'll actually see the futures premium significantly increase and thus the funding rate significantly increase. So, when that does occur, that is a sign that Ethereum is getting frothy, and that would be my high alert cycle top sign. But the fact that funding didn't really spike, things look relatively muted, and inflows continue to continue to be strong indicates to me that Ethereum hasn't topped for the cycle. And if Ethereum hasn't topped for the cycle, there's much more headroom for altcoins as well because obviously Ethereum is the leader of the alts.
If you do look at the Ethereum Bitcoin chart and you simply want to establish it as just a range because I believe this is what it's in, it's only just started to move to the upside. So, if we've already seen a lot of people getting excited and euphoric during this move, I don't think the market's ready for what's going to happen in this next move here as it heads to the mid-range. And, you know, as I said in the last show, it doesn't have to go up in a straight line. We can see a little pullback where, you know, dominance goes back to Bitcoin for a period, and we do see dips on altcoins, which is why this video will be extremely relevant today and going forward. But overall, I think the trajectory will be up towards that mid-range and eventually peak when the cycle ends up peaking because at the end of the cycle, people just like they go down the risk curve when they get excited, they'll start to go back up the risk curve and going back into Bitcoin when they think the market is about to peak. So, Ethereum, in my opinion, still has a lot of upside relative to Bitcoin. And that is good because that means alts will still have upside.
Now, if you want to capture some of this Ethereum upside, I have a very, very good promotion that I negotiated with Blofin. I'm giving away free Ethereum trades. So, this is a free shot at an ETH long. It's even a free shot at an ETH short. If you're for some reason watching the channel and you're bearish, you can short Ethereum. You can do whatever you want. It's a $20 free ETH trade. If you sign up for a new Blofin account within three hours, it'll be added to your account, and you can use as much leverage or as little leverage as you want. So, you could open a 3x $20 trade, so that's $60 of margin, or you could open a $400 trade with 20x margin. Whatever you want to use. It's your free shot to gamble on an Ethereum long, Ethereum short, whatever you want to do with ETH. So, this is amazing. Um, I think for people that just want a bit of extra ETH exposure or want a free shot at trading Ethereum. Uh, I'll leave a link in the description below. I believe at the time of recording this video, we had around 100 to 150 slots available. Half got taken up last night in the Discord and the Telegram. So, I imagine within a few hours of putting out this video, the remainder will go. So, if you want to look in your spot, link in the description below, and you will get access as long as you're within that first batch to a free $20 ETH trade, which is absolutely amazing. So, yeah, good luck with everyone trading Ethereum. There's also Game Theory here with your free voucher. You could actually hold on to it, wait for Ethereum to sweep a lower level, and then get a better risk-return long entry. So, you don't have to open it right now. What? Right. You can wait a week or two and see where the market sits and see if you can get your exact entry.
And the final thing I wanted to talk about in terms of my macro view, because it's clear that I think ETH will continue outperforming for the next little period. In the last video I did, I also established that my AI agreed that ETH was going to continue outperforming. I also wanted to take a look at seasonality because we're almost in the month of August. I'm going to put out my top altcoin guide for August, probably at the start of next week. Um, but August is typically a bit of a weird month for Bitcoin. And I think it's also a bit of a weird month for Ethereum. So, it's got one of the worst average performances of all months. It's got a median performance of minus 7.33%, which makes it, I think, the second worst month on average for Ethereum. And I believe it's the same for Bitcoin as well. So, obviously, history doesn't necessarily repeat. Uh, but one thing to note is that seasonality, it's actually very strong for July historically, but it's usually a little bit weaker for August. And then typically, we see a very, very strong final quarter to the year. So, if you do look at Q4, it's pretty much well, it definitely is the strongest period for crypto with a median return of 52% and an average return of 85% on Bitcoin. And on Ethereum, it's very similar in terms of Q4 being an extremely strong month. Also Q1 for Ethereum is a strong month. Q1 stronger on the average side, and Q4 is stronger on the median side. But nonetheless, in hing years and in post-halving years, ETH also performs really well alongside Bitcoin in Q4.
So, does this mean, you know, I think because August is bad, I think we're going to historically we're going to get a dip in August and then a big rally towards the end of the year? I don't necessarily think so because I still think there's a little bit of juice in the short term, but I am expecting at some point in August to pull back. Yes, because that roughly lines up with the current timing of this move. I think we're seeing a bit of a pullback now. Um, this could last for a little bit. I mean, I don't have a crystal ball on the lower time frames. I'm just charting like all of you guys and doing my best to tweak my own positioning based on what the market is telling me, based on the price action. If I had to guess, um, I would say we're going to, we're getting a little bit of a dip now. This choppiness could continue for a little bit. Then we might see a strong rally for a period in August before a bigger dip, and then I think we start to perform quite well towards the end of the year and really go on a blow-off towards the end of the year somewhere between September and November. That is my rough theory in the market. I'll obviously take that with a grain of salt because, you know, you can't always take past data and extrapolate it to the current moment in time, and we'll obviously be charting every single day, and I'll be keeping you updated. But that is my gut feel right now. You know, if it does help you, I don't think that changes my positioning in the market. I still want to take advantage of dips because I'm still trying to build my exposure and build importantly the right exposure for this period in the market. Because if you know that the market is going to be strong, um, you can kind of disregard the very short term and just be like, look, I have a plan that whenever the market dips in the short term, I'm going to accumulate quality and I'm going to look to add to those positions under the set of criteria that I'm about to show you. And as long as you do that, even if you do have, you know, a week in August where you get a big dip, and you know, you have a period now where you get a big dip, it doesn't really matter because you're still using those periods to actually build exposure for if you know we're going to have a big pump at some point. You don't need to know exactly when. It's September, October, November. Then you're going to capitalize on that through positioning now in the right stuff.
So, as the tweet in front of you says, in a bull market, you long dips. In a bear market, you short pumps. You always want to follow the trend. And right now, we are still in a bull market on ETH. The metrics look good, as I've shown you. The Bitcoin trend is still strong. So, you want to be taking advantage of dips. And um until that paradigm shifts and we enter a bear market and we shift strategy to shorting pumps, this is still the strategy that we are following.
So, what alts should you be buying on dips? Well, what I've done is I've put together a performance checklist, an entry criteria for you to actually use when you enter altcoins. And I'm going to explain each of these criteria because I do believe if you follow each of these criteria, you're going to get much, much better entries on alts and most importantly on the right alts.
So, criteria number one is that the altcoin that you're longing on a dip has to have outperformed Bitcoin and Ethereum prior to the dip. So, this is very, very important. I see a lot of people charting on the USD pairs, and that's fine because if you're going to buy with USD, you still want to get the overall right technical entry on the USD pair. But what you do have to keep in mind, you don't need to do anything fancy here, but just at least track it is the trend versus Ethereum. So, I'll show you an example of a coin that has a good trend versus Ethereum and a coin which has a bad trend versus Ethereum. In front of you is a coin, Pyth Network, which I'm charting versus Ethereum, which has a good trend. Why? Because it's making higher highs and it's making higher lows. This is in an uptrend versus Ethereum. It's also in an uptrend versus the US dollar. So, you're having confluence there between ETH and US dollar. Why am I charting versus Ethereum? Well, because frankly, I want to outperform otherwise. Because I still think there's a lot of upside in ETH. Why wouldn't I just hold ETH? Because I'm going to have a better risk-adjusted return. I'm not going to absolutely lose a bunch of cash if it dips because, you know, Ethereum is a little less volatile than another coin. And I'm still going to get the same, if not more upside. So, I only want to be looking at longing altcoins that I think are actually going to outperform Ethereum. And the best way to do that is to make sure you're not buying into an ETH downtrend. I'll give you an example of this. Tao. I really like Tao and I do hold some longer term, but in terms of what I'm buying on a dip right now, I'm not buying Tao on this dip. And the reason why is because it's bleeding versus Ethereum. So, until this starts to reverse and I start to see a bit of life versus ETH, to me, I'm buying, I'm basically trying to catch a knife here on Tao versus ETH. At this very moment in time, I would rather hold ETH until things shift.
So, here's the thing about crypto. It's not just about making money. It's also about opportunity cost. You want to be in the best assets at any given moment in time to make money. That is why, and I said this on Sunday night in the live stream and in the Discord, I made a switch out of Pump into ENA. Now, I didn't know that Pump was absolutely going to collapse and ENA was going to pump so much. That ended up being a pretty savvy move on my part. But I think what's the more important lesson here is the reason why I made this move. The reason why I made this move six days ago is because I saw Pump was losing momentum and the ETH betas were gaining momentum. And just this swap alone saved me roughly a 50% spread at the time of closing these positions. But if I had kept them open, even more of a spread because Pump, when I sold it, was at 5 billion. It went down to 3 billion, and ENA is actually still up, and Layer is still relatively flat versus when I made the swap. So, that is maybe you don't even make money, right, making that swap. Maybe you just stay flat or lose a little bit of money, but the token you swapped out of went down even more. So, that's where opportunity cost comes in. You're trying to be in the best assets at any given moment in time. And this is an example recently of me actively doing that in my portfolio and it paying off. It doesn't always pay off, but the goal is to at least have an idea of what's outperforming and what isn't. So, I do urge you to make sure that the coins you are buying on dips actually outperformed ETH prior to the dip because coins that outperformed are likely going to continue outperforming after.
Now, I used AI to give you a full list of tokens that have been outperforming ETH over the past month. Spoiler alert, there aren't actually that many in the top 100. Now, obviously, if you go to the top 500 and look at the lower caps, there are a lot more. Um, but in terms of the top ones, it's only really Pyth Network, Bonk, ENA, XLM, HAR, I think XRP for a period. This is over the last 30 days. Um, obviously, this data is slightly skewed because we had a recent dip. If you go before the dip, uh, some other altcoins, which I'm about to show you when I give you my full list here later in the video, they were actually outperforming prior to the dip. So, typically, what you want to do is create your list whenever there's a dip for the price action that happened in the weeks or the months leading up to the dip because that is basically showing you the altcoins that are going to outperform next. Now, obviously, things can change, metas can change, AI agents could come back and they could outperform, but we are doing our best with the current information available to get into coins that are the best from an opportunity cost perspective. So, that is the first criteria.
The second criteria, this is a subjective one, but it's very important, is that the token has a narrative. Because it can be technically outperforming right, but this could happen on an anomaly. There could be a big short squeeze. It could have just been massively oversold. So, there's a natural bid which skews the data and causes it to outperform. I'm not just looking at technical outperformance. I want to know if coins are exhibiting narrative outperformance. So, is the narrative compelling? Do I believe in the narrative? Because the coins I'm buying on these dips, I'm planning on at least holding multi-week or multi-month. So, if I don't believe in the narrative and if I don't actually have conviction in it myself, it's going to be very difficult to hold through a dip. You know, you could buy a dip now and then in August, there might be another dip, and you're going to be questioning why you're holding that altcoin if you don't understand it or if you don't believe in it when the dip comes. I mean, have you ever in your portfolio had that situation where you've bought a coin, it crashes, and then suddenly, just because the price is down, it's not as fundamentally bullish as you thought it was? And that's probably because you didn't have true belief in either the coin or true belief in the narrative or an understanding of the narrative. So, the second thing I love to make sure is whether the coin has a strong narrative behind it because that means even short-term periods of bad price action should be offset by the overwhelming majority of mind share being positive for a coin.
Now, you can do this subjectively, and that's something I would do. Ask yourself, are you bullish on RWA as a narrative? Are you bullish on DeFi? Are you bullish on reflexive altcoins, which I'm going to talk about in a second here? So, that's one thing I'll do. The other thing I'll do is I'll actually try and quantify the data. And the best way to actually quantify the data today is looking at mind share statistics. The good news is we have websites like CoinGecko now where you can actually look at the mind share for coins. So, you can go down here, you can look at the mind share change for a coin in the past 24 hours, in the past week, either bullish or bearish, and see which coins are gaining the most mind share. This is very, very important because you want to be in the coins that are actually being spoken about positively and have good sentiment because good sentiment is compounding. It's a positive flywheel in a bull run. Bad sentiment can give you this overhead resistance that makes your asset underperform in a bull run. The cool thing about CoinGecko is you can also search in the top right-hand corner any altcoin. So, we'll use Dogecoin as an example, and you can see the sentiment. So, the sentiment is overwhelmingly bullish, 96% bullish versus 3.6% bearish. And you can see mind share has been growing over the past week. Mind share over the past month has also been growing. What you don't want, I'll give you an example of this. Um, and it's funny because Pump actually could come back, but just because it's been so oversold, so it might actually be a squeeze play at some point. I do believe that. But Pump is an example of a coin where it doesn't have momentum. It doesn't have a very strong sentiment. You can see community sentiment is minus 47% negative and only 52% positive. And the mind share has actually been declining over the past week or so. So, this is what you don't want. You want to be getting into coins that are subjectively strong in terms of narrative, but that is also reflecting on the mind share and the sentiment data. And you can look at this on CoinGecko. I highly recommend you go into CoinGecko and you use it because it really helps me with my trading. And what you also get is a little smart feed on the right. So, you can see all of the major tweets and all of the major commentary and news surrounding a coin like news here on there being no airdrop for Pump Fund. Broke here. So, this is actually a little bit of a tip for you. If you hold an altcoin, let's say you hold Bonk, and you don't want to scroll through Twitter or you don't want to waste a bunch of time looking for news, what you can do is you can just come to CoinGecko because all the breaking news will be on the right, and all the main commentary. So, whether that be exchange listings, opinions, things that went viral, you can kind of get a gauge on it just through looking at the smart feed. So, that is also a very cool tool.
So, we've touched on the first prerequisite, which is outperforming Bitcoin and ETH. We've touched on the second prerequisite, which is the narrative resonating both data-wise and anecdotally or personally. The next thing that's important is that the fundamental metrics are also supportive of the technicals. So, you want to make sure that you're seeing growth on TVL. You can go into DeFiLlama for this. See if there's an uptrend like Synthetix, for example, had very strong narrative being the leader in RWA at the time, and it's doing really well today, by the way, and it was doing really well technically. It was outperforming ETH. So, it was ticking all the boxes. But another box that it ticked was the fundamentals were strong. The TVL was rapidly growing. Same for Fluid. Spoiler alert, that's a coin that I have on my dip buy list that I'll show you slightly later here. That is also a coin that has very strong TVL growth and increasing revenue. So, the fundamental metrics are supportive of the token itself. So, go a step further from just narrative and also look into is that aligning with what's actually happening? Is their revenue increasing? Is their TVL increasing? And if there's a dip, but TVL overall is increasing, usage of the applications overall increasing, that's a very strong sign that it actually deserves a place on your dip buy list.
Remember, when there's a dip, you can't afford to waste your precious capital. You might at this point in the cycle only be holding 10 to 20% capital. I'm a little bit higher because I'm a bit more risk-off compared to most people just based on my trading style, but most people might only hold between 10 to 20%. And that's totally okay. So, you don't have the leeway to dip buy 10 coins every time the market dips. You have to be very selective with the little capital you have when there's a dip to actually go into the right stuff. And that's where this video will really come in handy.
And then the last thing, this is very, very, very important before I get into some examples, is there has to be a clear high time frame line in the sand. Now, I'm not saying you always need to buy exactly in that zone. Obviously, the closer you can buy to a high time frame key support zone, the better. But what I am saying is that at least having a clear zone to invalidate your thesis gives you some downside protection to increase the risk-reward of your trade. So, Dogecoin is a good example. You can see it's dipping into a key high time frame zone. You have confluence of the weekly money line here as well as the horizontal as well. So, this pocket here theoretically should be a good long for Dogecoin from a technical point of view. If you go into the daily as well, you can see it did wick down, I think on the four-hourly. No, it was actually on the daily, into a nice zone as well. So, potentially giving you a low time frame scalp entry, but if it does go further down, this is a coin that I would look at buying because of the fact you have that key pivot zone, that key line in the sand. It's the same with Pyth Network. And you can look at this for any coin. This was a bit harder on a super high time frame like the daily, but on the four-hourly, which is a level that it's respected on the noodle the whole way up, and four-hourly momentum indicators right now are working really well for me, by the way. That's a bit of secret sauce. Gave me great entries on Bonk, Useless, and now Pyth Network. That is that's a bit of secret sauce. Gave me great entries on Bonk, Useless, and now Pyth Network. This would be your line in the sand. You can basically say, look, as long as it's above this level and holding, you know, I'm going to continue to long. Um, this indicator is available in the Mars High Club, by the way. And if it does start to break down below, and I'll have some horizontal confluence as well, like at the 35 level, then I'll potentially look at cutting a portion of my position. Maybe I'll still hold through volatility a portion because I'm bullish and it ticks off these other criteria which are very important to me, but, you know, I also technically I want to protect myself. So, at least, and look, this isn't a prerequisite for everyone, but I personally, it has become one. Just because, you know, I want to play a bit more defensively at this stage in the cycle. Every single altcoin you enter should have an invalidation. And the best way to make sure you have a good invalidation that's actually technically supported is by going and identifying a high time frame level a coin bounces into.
So, if a coin has outperformed, has a strong narrative, has strong fundamentals, and is also bouncing into a key high time frame zone, that is pretty much the holy grail. You've ticked off all four things on the checklist here. Now, just because something ticks off three doesn't make it a bad buy. There are definitely coins in the market that, you know, I'm considering DCAing into or at least I'm eyeing that maybe technically aren't at a key high time frame level or technically have underperformed Bitcoin because they've only just started outperforming. So, there's nuance. This isn't the be all and end all, but at least if you can tick off three, that's good. And if you can tick off four, that's amazing.
Now, in terms of the altcoins that are ticking off all four right now, there actually aren't many. You're looking at Pyth Network and WTC, which are the brand coin meta, which I'll speak about later in the week probably. You've got ENA, which is an ETH beta that's outperforming and also adheres to most of the criteria. Fluid as well. Technically, that's really strong. Fundamentally, that's strong. You have a few more as well, which are on the borderline. So, you've got Pepe, Bonk, Doge, Mog, Farcoin, SPX, some of the meme coins. And then you've also got some of the DeFi coins also looking quite strong. So, these are some of the coins that right now are actually ticking off these criteria. Personally, I longed some Pyth Network this morning, but I do want to give myself some leeway in case it potentially has a slightly lower sweep because I want to be aware of the fact it can come down to 36. So, the best thing with DCA in general, by the way, is just nibbling it. Pick a coin you're bullish on that fits the criteria and just start nibbling in. Wrecked. I would love an entry, although it technically ticks off all the boxes, it hasn't actually come down into a zone where I'm comfortable getting an entry. So, whenever it has a big dip, I will do that. You know, some coins, by the way, you know, they might tick three of the criteria, but you might still be waiting for that big dip into a high time frame zone. So, you set your alerts on TradingView, and you just wait until you get an entry. You don't need to rush entries in this market. There's always a new coin to enter. There's always a new trade. Be patient, don't rush. That's going to make you a much better dip buyer in this market. And dip buying is a very important skill to hone in on in a bull run because that is where you increase the risk-reward of your trades.
ENA as well, I'm looking to get back in on that high time frame flip. That's looking strong. Just going to need to confirm a little bit longer in my opinion. Fluid, I called this in the Discord. It's already up at 2x, but it did come down a bit, so I'm looking to fill that as well. And going down the list, Pepe, I would love another entry on. This is one that I'm monitoring. You can go and chart these in your own time as well. I don't want to make this video too long. Bonk, definitely want another entry on that, as well as some of the memes in the ecosystem. So, Useless is one of them. You got Hoso, some of the lower cap ones as well to take a look at. Doge, I think there's a place in my portfolio for Doge, especially given the fact there's a key high time frame pivot that I can play off. Retail love it. It's kind of like the XRP of meme coins. Mog, personally, I'm not longing. I'm prioritizing Pepe. Farcoin, personally not longing. I just can't hold a million coins. I'm actually going for MW as my sole ecosystem pick. There's a few reasons why, which I'll speak about in a future video. And then S&P as well. I've been holding this since 50 cents, but if we did get a decent pullback, I would add that, and it definitely fits the criteria.
And what I'll leave you with before I head off here is a list of narratives. So, what I would be doing as well are developing lists for each of the key narratives that you think will outperform over this next period in the market and start to develop those watch lists because coins right now, not every coin fits the criteria. In fact, some have only just dipped so they aren't checking every box, but some will in the future. Some will. So, the best thing to do is have your watch list on TradingView. Take your top three Solana ecosystem coins. So, this could be new, Raydium, Jupiter, Solana. See when they actually break key levels and monitor those charts. See when they dip into zones of interest. ETH ecosystem, do the same. ENA, etc. Brand coins, we spoke about too. Both of them actually look quite good, that being Wrecked and Pyth Network. Reflexive coins. These are coins that have the natural propensity to outperform due to their flywheels. I'll speak about these in a future video, but you've got coins like ENA. Some meme coins fit that category as well. Strong DeFi, RWA, you've got things like Synthetix that looks strong. You've got Fluid which looks strong. There's some other RWA which is lagging, but if it comes back, I would also be interested in playing that narrative as it comes back. So, maybe coins, some coins don't fit the criteria now, but they will in the future. That's why you always have to have your watch list organized. And then there are future narratives like AI, which definitely don't fit the criteria right now, but if they do come back, I would be very interested in positioning. And a lot of them are really beat down and offer decent risk-reward in my opinion as we start to see things pick up. I still think agents will pick up at some point. Um, I'm actively tracking them on CoinGecko. If you go on to CoinGecko.com, click on their agents dashboard, you can see here you can actually track all of the agents. There are many agents which I think are actually quite undervalued if agencies and comes back. And I do think AI crypto, although it's been forgotten for now, is still one of the strongest narratives in the space and will definitely come back hard at some point. I'm actively monitoring and tracking that. Um, but for the sake of time, I'm going to cut off there. Hopefully, this criteria helps you. Good luck with any dip buys that you do make, and you can refer back to this video in the future for a nice set of criteria which I think is going to be relevant even in months or years to come. These are core principles: longing strength, outperformance, opportunity cost, narrative, and fundamental alignment that are going to be relative for a long time to come.
Link in the description to the Blofin campaign if you do want a free $20 ETH trade. Try and be as quick as possible. So, you make sure to claim a spot. You'll know that there's a spot available if we have the link in the description. As soon as it's run out, we're going to take the link out of the description. So, that's how you're going to know. Link in the description to there. And if you do want to get that exact entry timed, obviously, we've got the Mars High Club where we're posting myself and all the other traders constant analysis on the market, which is the place to be right now, especially as we're heading into a very interesting period in the market. But I'm going to see you in the next one. Hopefully, you have a lovely rest of your day.