Market Monitor 4 September 2023. Welcome everyone to today’s Market Monitor for 4 September 2023. 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 1.05T USD, the daily volume is at 24B USD, BTC Dominance is at 48.3% and the Fear and Greed Index is at 40.
The Market is lacking volume, and we are in a phase where we are transitioning into an uptrend, but we still must go through a higher low phase. 5 Successful Short Trades for BNB, ATOM, MATIC, FTM and VET while we see that we have long positions open in the last hours.
Last Completed Trades:
Short: BNB +4.61%, ATOM +5.13%, MATIC +1.87%, FTM +1.67%, VET +3.59%
Recent Set Ups
Long Set-Ups: BTC, ATOM, MATIC, FTM, VET
Short Set-Ups: ETH, BNB, XRP, DOGE, SOL
BTC is in a long mode, but the lack of volume keeps the price on a straight line.
ETH is in a short mode and trying to transition into a long mode, but the lack of volume keeps it still.
BNB is in a short mode and will soon open a long position.
XRP is in a short mode and will soon open a long position.
ATOM is in a long mode and will try to break out to higher price levels.
MATIC is in a long mode but there is not enough volume to drive the price higher.
Doge is in a short mode and will soon complete a successful short trade.
FTM is breaking higher and is forming a new channel high level.
VET is in a long mode and is trying to move to higher price levels.
SOL is in a short mode but will soon transition into a long position opening.
This concludes our Market Monitor Report for 4 September 2023.
Discover more about the TFLOW Trading Engine here.
Find TFLOW on CoinMarketCap here.
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