Market Monitor 7 September 2023. Welcome everyone to today’s Market Monitor for 6 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 48.2% and the Fear and Greed Index is at 41.
For the fourth day in a row, we are seeing consolidation in the market. A wider look into the Bitcoin Monthly chart shows us that we are about to print a higher low which means that we will move higher in the next months.
Last Completed Trades:
Recent Set Ups
Long Set-Ups: BTC, ETH, XRP, ATOM, MATIC, DOGE, VET, SOL
Short Set-Ups: BNB, MATIC, FTM
BTC is in a long mode, no volume so consolidation is what we get.
ETH is in a long mode after a small loss from a short position closing.
BNB is in a short mode and will still wait for a long position to open.
XRP is in a long position, but we need volume to move on higher.
ATOM is in a long mode after closing the previous short position.
MATIC is now in a short position which is going in the opposite direction for now.
DOGE is in a long mode but the lack of volume does not support the move.
FTM is now in a short position and is moving sideways.
VET is in a long position, but the consolidation is just keeping the price steady.
SOL is now in a long position, which is trying to rebalance from going in the opposite direction.
This concludes our Market Monitor Report for 7 September 2023.
Discover more about the TFLOW Trading Engine here.
Find TFLOW on CoinMarketCap here.
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