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?
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?
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
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!
No comments:
Post a Comment