Market Monitor 5 September 2023. Welcome everyone to today’s Market Monitor for 5 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 1.04T 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 still lacking volume, and any long position does not have any high chances of going very well. What we see is consolidation and we may soon see another move to the downside. In the meanwhile, we have three more successful trades.
We will change to the 5H Chart for FTM and leave the 3H Chart.
Last Completed Trades:
Short: ETH +1.13%, DOGE +2.7%
Long: FTM +1.55%
Recent Set Ups
Long Set-Ups: DOGE
Short Set-Ups: BTC, ETH, BNB, XRP, ATOM, MATIC, VET, FTM, SOL
BTC/USDT 4H
BTC is in a short mode, no volume so consolidation is what we get.
ETH/USDT 5H
ETH is in a short mode after a small loss from a long position closing.
BNB/USDT 4H
BNB is in a short mode and will still wait for a long position to open.
XRP/USDT 4H
XRP is in a short mode and will soon open a long position.
ATOM/USDT 4H
ATOM is in a short mode after closing the previous long position.
MATIC/USDT 4H
MATIC is in a short mode, but the trade is going in the opposite direction for now.
DOGE/USDT 4H
DOGE is in a long mode. The only coin to try to move on higher.
FTM/USDT 3H
FTM is now in a short position and the previous long position closed in profit.
VET/USDT 4H
VET is in short mode right now and will consolidate in the next hours.
SOL/USDT 4H
SOL is still in short mode and will give us a good win when it closes this position.
This concludes our Market Monitor Report for 5 September 2023.
Discover more about the TFLOW Trading Engine here.
Find TFLOW on CoinMarketCap here.
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