Market Monitor 7 September 2023

Market Monitor 7 September 2023

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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: Short: - Long: - Recent Set Ups Long Set-Ups: BTC, ETH, XRP, ATOM, MATIC, DOGE, VET, SOL Short Set-Ups: BNB, MATIC, FTM BTC/USDT 4H BTC is in a long mode, no volume so consolidation is what we get. ETH/USDT 5H ETH is in a long mode after a small loss from a short 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 long position, but we need volume to move on higher. ATOM/USDT 4H ATOM is in a long mode after closing the previous short position. MATIC/USDT 4H MATIC is now in a short position which is going in the opposite direction for now. DOGE/USDT 4H DOGE is in a long mode but the lack of volume does not support the move. FTM/USDT 5H FTM is now in a short position and is moving sideways. 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 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. Disclaimer Firstly, on this page you’ll find some important points you should be aware of while using the information received from our activities. Secondly, it should be read in addition to our Terms & Conditions. Your investments are your responsibility Finally, we do not accept any liability for any loss or damage which may incur to you acting or not acting because of reading/watching any of our publications/broadcasts. You acknowledge that you use the information we provide at your own risk. Information, not advice or recommendations Our publications/broadcasts do not offer investment advice and nothing in them should be construed as investment advice. Our publications/broadcasts provide information and education for investors who can make their investment decisions without advice. The information in our publications/broadcasts is not, and should not be read as, an offer or recommendation to buy or sell or a solicitation of an offer or recommendation to buy or sell any securitie