Market Monitor 5 July 2023. Welcome everyone to today’s Market Monitor 5 July 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 1.21T USD, the daily volume is at 27.51B USD, BTC Dominance is at 49.6% and the Fear and Greed Index is at 63%.
The conflict keeps on continuing for the price of Bitcoin. On top of that, we observe changes for some coins in our watch list. Furthermore, we closed another two successful long trades for Atom and VET with +3.04% and +3.44% gains respectively.
Long Set-Ups: ETH, FTM, MATIC, DOGE, XRP
Short Set-Ups: BTC, BNB, ATOM, VET, SOL
The conflict between bullish and bearish signals keeps continuing for the price of BTC.
ETH is still in a long mode with a gain of 2.52% for our running position.
Finally, BNB is in a short mode. Despite the break out failed to stay above the 50 SMMA line
XRP is still in a long mode with a gain of 2.67% for our running position.
+3.04% for our previous long position on ATOM. Now we are in a short mode.
We are still long for Matic with a running position of 7.74% gain. However, the price can create a corrective movement.
We are in a short mode for Doge. The price keeps trying to break above the 200 SMMA line.
We are still long for the FTM according to the Trading Engine. Our running position is gaining 3.86% for the moment. You can secure your profits if you wish to.
+3.44% for our previous long position on VET. We are in a short mode now.
Nothing significantly has changed in the price of SOL. We are still short for SOL.
This concludes our Market Monitor Report for 5 July 2023.
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