Last night BTC finally made its move rallying upwards $800 and hitting over $5000 on some exchanges. Unfortunately this rally happened before a pullback and we were not able to reinforce our existing capital. Our BTC position is about 15% of our capital.
A side effect of BTC rallies is that funds flow quickly from USDT into the cryptocurrency market. This means we expect USDT pairs to rally with BTC. Our TRX, ETC, and XLM trades both rallied heavily.
Where are we going next?
There are definitely some opportunities opening to swing trade BTC up to $5200 opening up - we will post more on these later. Trades this week will likely focus on USDT pairs, with a few alts if conditions look exceptionally good. Remember that high volatility in BTC tends to lead to worse alt coin trading!