Welcome everyone to today's Market Monitor for 8 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 26.7B USD, BTC Dominance is at 48.2% and the Fear and Greed Index is at 46.
Today we see our portfolio in a long mode but again we are lacking volume so unless something exciting happens we will continue to see consolidation in the Market. But as i analyzed this week we are printing a higher low on the monthly chart. This means that eventually we will be moving to higher price levels.
Last Completed Trades:
Short: -
Long: ATOM +1.82%
Recent Set Ups
Long Set-Ups: BTC, ETH, XRP, MATIC, DOGE, VET, FTM
Neutral: ATOM, SOL
Short Set-Ups: BNB
BTC/USDT 4H
BTC is in a long mode with a +2.5% profit so far.
ETH/USDT 5H
ETH is in a long mode with a +1,13% profit so far.
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 long position, but we need volume to move on higher.
ATOM/USDT 4H
ATOM is in neutral mode and a +1.82% trade was just completed.
MATIC/USDT 4H
MATIC is now in a long position and we wait to see if volume will kick in.
DOGE/USDT 4H
DOGE is in a long mode, but the lack of volume does not support the move. Elon Musk must tweet something.
FTM/USDT 5H
FTM is now in a long position with 2.4% profit.
VET/USDT 4H
VET is in a long position, but the consolidation is just keeping the price steady.
SOL/USDT 4H
SOL is now in a neutral position waiting for the next long trade.
This concludes our Market Monitor Report for 8 September 2023.
Discover more about the TFLOW Trading Engine here.
Find TFLOW on CoinMarketCap here.
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