And the rally continues…

Last night the model decided to re-enter the BTC market. The entry point of 1878.45 was significantly higher than when it exited the market – personally I’m not sure this is a good move but it’s executed and we’ll wait and see. XRP is still long, all other cryptocurrencies are flat. The models are still maintaining a respectable 75% return but still with the caveat that we haven’t seen them trade in a serious downturn.

CurrencyStarting BalanceUSDCryptoRateUSD EquivTOTALGain/loss
Bitcoin$16,900.00$0.0013.361925$25,718.00$25,718.0052.18%
Etherium$4,800.00$8,662.450$0.00$8,662.4580.47%
Zcash$610.00$854.440$0.00$854.4440.07%
Ether Classic$203.00$487.390$0.00$487.39140.09%
DASH$610.00$803.740$0.00$803.7431.76%
Monero$305.00$388.640$0.00$388.6427.42%
Ripple$510.00$0.00155000.33$5,115.00$5,115.00902.94%
TOTAL$23,938.00$11,196.66$30,833.00$42,029.6675.58%
Hold BTC$23,938.00$0.0022.907177031925$44,096.32$44,096.3284.21%

— Wintermute —

 

2 thoughts on “And the rally continues…

    1. Hi, the model monitors prices from multiple exchanges and also other non-crypto related markets. It doesn’t, however, have access to the full range of exchanges that it follows. For trade diary purposes we have made available Bitstamp, Poloniex, First Global Credit, and Kraken.
      A full commercial implementation would be setup with access to a broad range of exchanges to take advantage of price discrepancies between them – this would be a fairly mechanical post AI decision rather than built in to the AI model itself.
      From an AI model perspective, the range of exchanges used by the model helps, we believe, in identifying period of “price stress” that help in the AI decision making process. When there are wide spreads between different exchanges is it an indicator of possible price stress in the underlying market with higher volatilities likely.

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