Market Monitor 6 July 2023. Welcome everyone to today’s Market Monitor 6 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 1.2T USD, the daily volume is at 32.89B USD, BTC Dominance is at 49.7% and the Fear and Greed Index is at 59%.
*We have updated the description according to the last updates. We closed our successful previous positions on Eth, BNB, MATIC, DOGE , ATOM and FTM. The market forms a similar pattern for the most coins in our watch list so we may see some signals change within the next hours.
Long Set-Ups: BTC, ETH, BNB, FTM, ATOM, SOL
Short Set-Ups: MATIC, DOGE, XRP, VET
BTC/USDT 4H
BTC rebounds despite the short signal. The price approaches the previous resistance.
ETH/USDT 5H
+4.22% for our previous long position. Now we are in a short mode with a running position of 2.25% gain. You can secure your profit as the price rebounds from previous support zones.
BNB/USDT 4H
+1.12% for our previous short position. We are in a long mode for BNB for the moment.
XRP/USDT 4H
The price of XRP failed to stay above the two SMMA lines.
ATOM/USDT 4H
+1.56% for our previous short position on ATOM. We are in a long mode as the price rebounds from the 50 SMMA line.
MATIC/USDT 4H
+4.2% for our previous long position on MATIC. Despite the short signal, we may see the price rebound from the 50 SMMA line.
DOGE/USDT 4H
+2.92% and +1.33% for our previous short and long positions respectively. We are in a short mode for the moment.
FTM/USDT 3H
+1.62% for our previous short position on FTM. We are in a long mode for the moment.
VET/USDT 4H
+4.17% for our running short position on VET. However, you can secure your profits as a price increase is very likely to happen.
SOL/USDT 4H
+3.69% for our running long position on SOL. We may see a breakout within the next hours or days.
This concludes our Market Monitor Report for 6 July 2023.
Discover more about the TFLOW Trading Engine here.
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