Market Monitor 20 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 1.071T USD, the daily volume is at 27B USD, BTC Dominance is at 48.5% 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!
Indeed the price channel of BTC broke to the upside and BTC is trying to rise above 27000 USD. We have a BTC Month and a high dominance which proves that everyone is betting on BTC to lead the way. We have a successful long position close for ATOM (+1.47%).
Long Set Ups: BTC, ETH, VET
Short Set ups: BNB, XRP, ATOM, MATIC, FTM, SOL
BTC is forming a higher low and will try to regain 27000 USD.
Our long position is in profit, but ETH does not have the volume to break above the resistance level of the Volume Profile Indicator.
BNB is forming a consolidation channel. We have a short position open.
XRP is trying to move higher while our short position is still open at +4.61%.
Our previous short position in ATOM is profitable (+1.47%) while we now have a long position open.
MATIC is forming a consolidation channel and our short position is currently at +0.76%.
DOGE is in tight consolidation and is moving on a specific channel. We have a short position opening.
FTM failed to move on higher and is now in consolidation.
VET is trying to find the volume to break this 10 day consolidation channel.
SOL is consolidating in a specific channel and our short position is still open at +19.48%.
This concludes our Market Monitor Report for 20 June 2023.
Discover more about the TFLOW Trading Engine here.
Find TFLOW on CoinMarketCap here.
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