Market Monitor 21 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 1.132T USD, the daily volume is at 44B USD, BTC Dominance is at 49.3% and the Fear and Greed Index is at 59. Top performers of the month are STX (16.8%), XRP (6.5%), BTC (5.9%).
BTC is leading the way and will try to reach 30000 USDT. This was obvious because of the Bitcoin Month Index and the BTC Dominance as well. ETH and the rest of the Alts are struggling to follow BTC since the volume is just not there. All of our open long positions are in profit for all 10 Cryptocurrencies. We have two successful short trades, one for XRP (+4.12%) and one for SOL (+17.87%).
Long Set Ups: BTC, ETH, VET, BNB, XRP, ATOM, MATIC, FTM, SOL, DOGE
Short Set ups: –
+8.92% for our open long position for BTC and the next target is 30000 USDT since there is no resistance till that level.
+1.8% for our long position so far. ETH does not have the volume to follow BTC for now.
BNB is forming a consolidation channel. We now have a long position open at +1.41%.
Our short position in XRP is a success at +4.12%. We are now long with a profit of +0.95%.
Our long position in ATOM is open with a profit of +3.49%.
We are now long on MATIC with an open position at +2.79%.
DOGE is in tight consolidation and is moving on a specific channel. We now have a long position open at +1.2%.
FTM is breaking the channel to the upside. We have a long position open at +5.79%.
VET is breaking the channel to the upside and we now have a long position open at +5.29%.
SOL is breaking the channel to the upside. Our Short Position is a success at +17.87% and our long position is already in profit at +2.44%.
This concludes our Market Monitor Report for 21 June 2023.
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