Market Monitor 17 June 2023. Welcome everyone to today’s Market Monitor. Together we analyze a 10 Cryptocurrency Portfolio and trade live on the Binance Futures platform. We use the TFLOW Trading Engine and have selected the 4H Chart. The Total Market Cap is at 1.07T USD, the daily volume is at 31B USD, BTC Dominance is at 48.1% and the Fear and Greed Index is at 47. Top performers of the last 30days are QNT,XRP and WBT.
We have a mixed picture in the market with BTC and ETH trying to move higher while BNB and XRP are triggering short signals.
Long Set Ups: BTC, ETH, MATIC, FTM, VET
Short Set ups: BNB, XRP, ATOM, DOGE, SOL
Our long position is at +2.35% so far but we have met resistance on the top of the channel.
Our open position is at +0.39% and we have met resistance on the top of the channel.
BNB is consolidating within a specific range while our short position just closed with a profir of +20.29%.
XRP is still heading lower while our short position is open at +6.87%.
ATOM is trying to move on higher while we expect our short position to reverse.
Our long position in MATIC is just closed at a +3.19% profit.
DOGE is in tight consolidation and is moving on a specific channel.
Our long position in FTM is still open with a +8.93% profit.
We have successfully closed our short position at +2.27%.
SOL is consolidating in a specific channel and our short position is still open at +21.18%.
This concludes our Market Monitor Report for 17 June 2023.
Discover more about the TFLOW Trading Engine here.
Find TFLOW on CoinMarketCap here.
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