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 41.
For the fourth day in a row, we are seeing consolidation in the market. A wider look into the Bitcoin Monthly chart shows us that we are about to print a higher low which means that we will move higher in the next months.
Last Completed Trades:
Short: -
Long: -
Recent Set Ups
Long Set-Ups: BTC, ETH, XRP, ATOM, MATIC, DOGE, VET, SOL
Short Set-Ups: BNB, MATIC, FTM
BTC/USDT 4H
BTC is in a long mode, no volume so consolidation is what we get.
ETH/USDT 5H
ETH is in a long mode after a small loss from a short 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, but we need volume to move on higher.
ATOM/USDT 4H
ATOM is in a long mode after closing the previous short position.
MATIC/USDT 4H
MATIC is now in a short position which is going in the opposite direction for now.
DOGE/USDT 4H
DOGE is in a long mode but the lack of volume does not support the move.
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, which is trying to rebalance from going in the opposite direction.
This concludes our Market Monitor Report for 7 September 2023.
#Binance #BTC #Ethereum #tflow
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