Bitcoin Price Diary: 6 Altcoins That Are Currently Making Me Avoid BTC

Since publishing the last trading journal two weeks ago, I have made a number of altcoin trades but not a single Bitcoin trade other than closing my long from $6,900 in segments between $7,550 and $7,700.

In the last journal, I detailed a 2% positional loss on my REN trade which had an entry at.00000603 Satoshis and closed at.00000590.

I made a 14% gain trading DOCK, 32% on Harmony, 39% on Fetch.

AI, and I closed the last portion of my VET trade for over 100%. I should also mention that I broke even on my ArpaChain trade as I was stopped out at entry.

Needless to say, it's been an incredible two weeks of trading!

I had been focused on Bitcoin's monthly chart and hoped for a close above the key $7,777 support to signal that further price appreciation was likely.

The monthly candle closed at roughly $7,550, which is where I exited the remainder of the position as I viewed the close below $7,777 as a support break.

My decision to close the trade at an average price of $7,625 secured a 10.5% gain on the position.

My late entry was risky as the price had already gone parabolic, but I was willing to take a position in case the price continued to all-time highs.

The price finally reached the bottom of the expected move, so I bought LINK looking for the price to appreciate.