yonitrades

yonitrades

Unfortunately the first idea for a BINANCE:INJUSDT.P long didn't come to fruition. BINANCE:INJUSDT.P moved to its lower end of weekly value just as I was anticipating a reversal on Bitcoin. This provided an opportunity for a buy along with Bitcoin. As mentioned, this idea is based on a Bitcoin long idea that I just posted. After all, alt coins rarely move up...

yonitrades Updated 

This trade goes hand in hand with one of my recently posted ideas about INJ. I believe INJ is about to begin trending up (along with BTC). Entry at weekly value high retest, targeting year's value low at $23. INJ has outperformed most of the market today, including BTC!

yonitrades

I've been on a losing streak recently for day trades, but I am optimistic about this trade idea! As illustrated in the chart (90 minute chart), the price of bitcoin is holding steady above $58k (last weeks value high). The orderbook also shows strong bids appearing at this price level (Green dashed line). The first visit to this level resulted in a sustained move...

yonitrades Updated 

Yesterday's long may have been a bit premature! Risking a bit more now that CRYPTOCAP:XRP tapped recent VWAP and stepped out of local value. Looking to see some green candles soon! Orderbook also fully on my side this time as opposed to yesterday where there was not much clarity. The base of this whole trade is the trend start that I saw on Wednesday.

yonitrades Updated 

My initial idea for a CRYPTOCAP:XRP long had bad timing and as a result I missed yesterday's move! BUT, the best part is that yesterday's activity indicated a trend start; whereas last year's aggressive move up on CRYPTOCAP:XRP in July was for liquidity purposes. Leveraging the orderbook to take this long along with developing weekly value. Let's see what...

yonitrades

CRYPTOCAP:INJ is one of the few coins that has outperformed Bitcoin last year. (Outperformed is an understatement) This entire year has been a large pullback which I believe has just come to a finish. Its safe to long a majority of coins at the moment, but I think CRYPTOCAP:INJ will be one of the few that will continue to outperform the major coins and the...

yonitrades

Despite all the fears, all BTC has done is reach below value and retest January's high to the dollar. With a great reaction to close out today's session as well. The gray box represents the year's value. As shown, short above it and long below it. Very simple. I won't be waiting for BTC to breakout above (although that is likely). Target destination is the other...

yonitrades Updated 

XRP has held quite nicely during this pullback. It has even decorrelated from BTC towards the beginning of this past week. Held .54 beautifully. Those that show strength during pullbacks will outperform during rallies. The resolution for the SEC case seems to also be just around the corner. Perfect catalyst!

yonitrades Updated 

BTC has been getting hammered this week along with equities. I did not post my idea here, but I was short. Currently closed all shorts and flipped long. It is a long shot, but it is worth a try! It is hard to forget about the bigger trend when we see downtrends such as this one. Very clear invalidation as outlined in the chart.