Market Monitor 19 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 on the 4H Chart. The Total Market Cap is at 1.065T USD, the daily volume is at 20B USD, BTC Dominance is at 48.1% and the Fear and Greed Index is at 47. Top performers of the last 30days are XRP and WBT. We do not have any other coins in green!
We will wait to see if this channel that is moving lower for BTC and ETH is going to break to the upside. The daily volume is extremely low though. We have two long positions that closed with profit, one on BTC (+1.93%) and one on FTM (3.97%) and one short position on VET (2.27%).
Long Set Ups: BTC, ETH, DOGE, VET
Short Set ups: BNB, XRP, ATOM, MATIC, FTM, SOL
We secured our profits with a successful close at +1.93%. Now we are resuming our long position.
Our open long position is at break-even point. We will place a stop loss order at the entry level, so we ensure that we do not go negative.
BNB is forming a consolidation channel. We have a short position opening.
XRP is trying to move higher while our short position is still open at +4.28%.
We have a short position open in ATOM with a profit of +1.58%.
We now have a short position open in MATIC with a profit of +2.47%.
DOGE is in tight consolidation and is moving on a specific channel. We have a long position opening.
We have a succesfull trade for our lonf position at +3.97%.
We have a successful trade for our short position at +2.27%. We now have a long position opening.
SOL is consolidating in a specific channel and our short position is still open at +21.18%.
This concludes our Market Monitor Report for 19 June 2023.
Discover more about the TFLOW Trading Engine here.
Find TFLOW on CoinMarketCap here.
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