Welcome everyone to today's Market Monitor for 6 September 2023. Together we analyze a 10 Cryptocurrency Portfolio and trade live on the Binance Futures platform. We use the TFLOW Trading Engine on the 4H Chart. The Total Market Cap is at 1.04T USD, the daily volume is at 24B USD, BTC Dominance is at 48.2% and the Fear and Greed Index is at 42.
The Market is still lacking volume, and any long position does not have any high chances of going very well. What we see is consolidation and we may soon see another move to the downside. In the meanwhile, we have two more successful trades.
Last Completed Trades:
Short: XRP +3.51%, SOL +2.83%
Long: -
Recent Set Ups
Long Set-Ups: XRP, MATIC, DOGE, VET, SOL
Short Set-Ups: BTC, ETH, BNB, ATOM, FTM
BTC/USDT 4H
BTC is in a short mode, no volume so consolidation is what we get.
ETH/USDT 5H
ETH is in a short mode after a small loss from a long position closing.
BNB/USDT 4H
BNB is in a short mode and will still wait for a long position to open.
XRP/USDT 4H
XRP is in a long position just after a successful short trade of +3.51%.
ATOM/USDT 4H
ATOM is in a short mode after closing the previous long position.
MATIC/USDT 4H
MATIC is now in a long position after closing the previous short position with a loss.
DOGE/USDT 4H
DOGE is in a long mode. The only coin to try to move on higher.
FTM/USDT 5H
FTM is now in a short position and is moving sideways.
VET/USDT 4H
VET is in a long position, but the consolidation is just keeping the price steady.
SOL/USDT 4H
SOL is now in a long position after closing a successful short position with +2.83%.
This concludes our Market Monitor Report for 6 September 2023.
Discover more about the TFLOW Trading Engine here.
Find TFLOW on CoinMarketCap here.
#bitcoin #Ethereum #cryptocurrency #Binance
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