Market Monitor 22 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 1.186T USD, the daily volume is at 59B USD, BTC Dominance is at 49.6% and the Fear and Greed Index is at 65. Top performers of the month are STX (29.7%), BCH (21.2%), BTC (8.6%).
As we mentioned yesterday the high BTC Dominance and the BTC Month Index showed us that there was something good on the way. The news about institutional adoption and ETF applications helped BTC to rise above 30000 USD. ETH was a little late but joined the party eventually. 10/10 for our Long Positions so far with good profits.
Long Set Ups: BTC, ETH, VET, BNB, XRP, ATOM, MATIC, FTM, SOL, DOGE
Short Set ups: –
BTC/USDT 4H
+14.76% so far for our long position. There is not strong resistance until 38000 USD if the strong volume remains.
ETH/USDT 5H
++7.61% for our long position in ETH so far. ETH will target 2000 USD.
BNB/USDT 4H
+2.71% for our long position in BNB. BNB is lacking the volume to move higher.
XRP/USDT 4H
+5% for our long position in XRP so far. XRP found the needed volume to follow the wave up. We are still in areas of strong resistance.
ATOM/USDT 4H
Our long position in ATOM is open with a profit of +7.01%.
MATIC/USDT 4H
We are now long on MATIC with an open position at +9.2%.
DOGE/USDT 4H
DOGE is out of the channel with an open long position at +8.27%.
FTM/USDT 3H
FTM is breaking the channel to the upside. We have a long position open at +14.17%.
VET/USDT 4H
VET is breaking the channel to the upside and we now have a long position open at +12.62%.
SOL/USDT 4H
+7.15% for our long position in SOL. There is no resistance till 19 USD.
This concludes our Market Monitor Report for 22 June 2023.
Discover more about the TFLOW Trading Engine here.
Find TFLOW on CoinMarketCap here.
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