2024-03-19 ETHBTC Trading

I just did yesterday's ETHBTC-THANG! so I can do today's ETHBTC-THANG!

You see how this works?

I record the { $ETH, $BTC }-prices from @Levana_protocol.

The EMA20s for both ETH/USD and BTC/USD say "BUY, with leverage," strongly so, at that.

Let's see how that looks.

We also have an interesting conundrum in that not only both ETH/USD and BTC/USD EMA20s say 'buy,' but the ETH/BTC EMA20 says 'buy [ETH with BTC].'

So, do I buy the $BTC and sell it? Hm. 🤔

I'm thinking HODL the $BTC, since I'm buying $ETH with a stable today, anyway, but idk.

Trading

Before I do any trading, I see that @TeamKujira ORCA has been going bananas with this 'crash' (?) (where I'm up 150%, but okay).

I do have liquidation bids to claim, first up, $BTC!

0.011 $BTC for 660.52 $USK, 3.86% premium

liquidation price: $61,181.73

market price: $65,303.90

There are no other liquidations that occur, but that does answer my ETH/BTC-trade question, however, as I now have enought $BTC to swap AND to keep.

There is no @TeamKujira ETH/BTC FIN order book, unfortunately, but, checking @MantaDAO, their swap is fair.

THIS IS MY FIRST SWAP!

But a swap of 0.004 $BTC on 0.01 $BTC liquidated means I have some $BTC left over. WAT DO?

The BTC/USD EMA20 said "buy with leverage," so I SNED IT to @osmosiszone via @axelarnetwork using IBC and take a 2x $BTC-long using $BTC as collateral on @Levana_protocol.

Onto $ETH. The ETH/USD EMA20 says "Buy with leverage." First, I buy by retracting a bid for liquidated $wstETH on @TeamKujira ORCA.

With that liquidity, I place a bid for $wETH on FIN and rebid the liquidated $wstETH with the remaining $USK on ORCA. 

Why am I confident that placing a buy limit-order bid on @TeamKujira FIN for $ETH won't run away from me.

Well,

1. because it filled pretty quickly, so there's that; but, 

2. if it didn't, that's why I place a 2x $ETH LONG on @Levana_protocol.

If price escape, the LONG covers.

PAXG

We're not done with the trading-part of the ETHBTC-THANG!

For example: $gPAXG

• { PAXG/USD, PAXG/ETH, PAXG/BTC }-EMA20: sell

If I had traded ETHBTC for PAXG before, like I was supposed to do, I would be reaping rewards rn!

I didn't, so I won't.

Oh, wellsies! 😅

I had thought that, up to now, I always saw the buy-signal for gold / $gPAXG, that it was untradeable because it always went up.

Today proved me wrong, ... vehemently.

Guess I have presuppositions I still need to unlearn.

Yay, me! 🙄

KUJI

Now as for $gPAXG, so for $KUJI, but the opposite:

• { KUJI/USD, KUJI/ETH, KUJI/BTC, KUJI/PAXG }-EMA20: BUY

So, the EMA20 indicators that $KUJI is a good buy.

I have a plethora of $KUJI, but now is not the time to sell it.

This is fine. I'll buy $KUJI on my $KUJI accounts.

That concludes the ETHBTC trade-analysis. Let's do a once-over of the @TeamKujira protocols, claim anything outstanding, then run the reports, ... that I completed running for yesterday this morning, but so now I play catch-up!

YAY! 🎉

... and it's a good thing I looked.

The buy-order hit on @TeamKujira FIN for $wETH. I lend that claimed $wETH on Ghost, then I bid on liquidated $KUJI with that lent-$wETH. 

ETHBTC trading value-proposition 2024-03-19

base $BTC: 0.010796

base $ETH: 3.1771

HODL-value: $11,220.88

actual $BTC: 0.006632

actual $ETH: 3.25667

trade-value: $11,215.36

δ -$5.52

ROI: -0.05% / APR -0.90%

2024-03-19 ETHBTC Trading

incept date: 2024-02-28

Token	amount	ratio	base	invested	value	allocated
ORCA		1	0	$15,229.59	$12,940.11	87.59%
Nolus		1	0		$538.800	3.65%
Levana		1	0		$1,263.56	8.55%
KUJI	8.7577	1	8.757717	$37.20	$31.35	0.21%
Total:				$15266.790	$14773.820

amount	token	value $
911.59	stable	$911.59
558.67	KUJI	$2,003.97
3.28444	ETH	$10,878.72
8,359.97	NLS	$538.800
0.006632	BTC	$423.97
0.00	MNTA	$0.00
0.00	wstETH	$0.00
Total:		$14757.049

$0.00 traded on FIN

$12,940.11 ORCA bids

$0.00 BLUE minters

$0.0000 Ghost money market

$538.800 Nolus leases

$1,263.56 Levana perpetuals

$37.20 reserves

invested: $15,266.79

valuation: $14,773.83

ROI: -3.23% / -58.93% APR

Analysis

The above shows a tectonic shift in my ETHBTC trading portfolio. 

before I traded $ETH or $BTC on FIN, and, if I weren't trading them, I was just HODL'n them (mostly as $wstETH). Now, all liquidity has been activated:

• ORCA bids
• @Levana_protocol perpetuals
• @NolusProtocol leases

ETHBTC FIN trading 2024-03-19

total: $0.00

ETHBTC ORCA bids 2024-03-19

total: $12,940.11

Now, you may be screaming: "WHY RISK YOUR $ETH?"

But am I by bidding liquidated $KUJI on @TeamKujira ORCA? 

Kinda, but when I sell back for 24%+-gain, I'm happy to take that risk for this huge potential up-side.

amount	token	ratio	base	value $
577.218124	USK	1	577.2181	$576.47
291.537261	xUSK	1.151	335.5594	$335.12
549.91	xKUJI	1.002	551.0098	$1,972.62
2.8401	xwETH	1.069	3.0360	$10,055.90
Total:				$12940.110

ETHBTC trading Nolus Protocol 2024-03-19

NLS $538.800

ETHBTC trading Levana perpetuals

amount	token	value $
0.2484	ETH	$839.59
0.006632	BTC	$423.97
Total:		$1263.560

You ask: "GEOPHF! WHY LONGS ONLY??"

I do have shorts in place: they are my ORCA bids.

• When the markets sky: it's payday on @Levana_protocol.
• When the markets tank: it's payday on @TeamKujira ORCA.

For me: it's ALWAYS payday.

As a trader you want both. You want to profit on a market Bull run and during The Bear.

What happens when the markets just sit there, doing nothing? Well, for that, I have my @avax portfolio, paying real yields, every day.

Set yourself up to win in every market, trader!