Uncharted Highs

Issue #104

November 12, 2024 • Estimated Reading Time: 4 minutes

Good morning!

Markets are in full risk-on mode, fuelled mainly by Trump’s election victory and the Fed cutting rates for the second consecutive meeting. Bitcoin and US equities are hitting new ATHs, while many altcoins are approaching levels last seen in 2021. Looking ahead, the most important events are US inflation data today and Powell’s speech tomorrow, but otherwise, it will be relatively quiet next week. 

This week, our technical analysis covers the following crypto tickers: INJ, Jasmy, ZETA, LINK, FTM, and MOG. For equities, we cover TSLA, OPEN, AFRM, and SQ. Follow the recommended trading plans, set price alerts, and wait for the opportunities outlined! Enjoy, and stay safe out there!

  • Donny (GEO): On November 24, 16 calls closed out for an average of $10.60 over Thursday / Friday for a +1000% gain (10x) post-election outcome after accumulating calls at an average of $1.80 back in March. Spot positions accumulated at an average price of $12.75 closed at $19.50 and $22.00 (+53% and +73% unleveraged return, respectively)

  • Donny (TSLA): On 28 Oct, “We're watching closely for the stock to maintain its position above the ~$262 breakout level for the breakout to be confirmed. - TP’d at $320 (+22% unlevered return in <1 week). The stock hit as high as $350 (+33%)

  • Donny (SQ): Picked up between $65 - $70 in late September ahead of earnings on Nov 7. Closed out ahead of earnings as the stock drifted higher into $77.81 for a 15% unlevered return in ~1 month

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