December 3, 2024 08:00-12:00
Hello brothers and sisters, here is a work report:
If you are currently suffering heavy losses in the market, stuck in trades, and still unwilling to give up on contracts, it's time to pause trading. Calm down and learn about the structural system. Here we provide structural setups for free and help build your structural system; we will help anyone we can and will not give up on this belief.
Thank you for your continuous support and encouragement. I will continue to work hard to select trades to serve everyone!
Overall Strategy:
From the structure, it shows that the market and Ethereum's weekly structure have disappeared, but the monthly structure is complete. At this position, there is an obvious inducement for bullish trading, and avoiding risks is more important than trading.
Based on the disappearance of most altcoin weekly structures and the completeness of the monthly structure, altcoins will maintain a correction trend.
In terms of overall operations, we are bearish in the overall view but will not short. We will take profits on rallies. Structural setups can still be monitored for the first and second take-profit positions due to the weekly and monthly structures.
Overall Market Summary: Correction in progress
4-hour price surged and then retreated. A daily cycle shows high divergence. The market has selling pressure at positions 99000 and 100000, with clear inducement for bullish trading. The market continues to look for a correction. Daily and weekly support is effective, and we continue to look bullish in the mid-term.
Market Weekly Structure: Weekly structure has disappeared
Market Monthly Structure: Monthly structure is complete
Overall Ethereum Summary: Divergence and rising, soon to correct
4-hour price follows the market correction at high levels, daily cycle shows high divergence. The structure indicates selling pressure at 3600, 3700, 4000, and 5000, with considerable selling pressure, leading to a short-term correction while maintaining a bullish trend in the mid-term.
Ethereum Weekly Structure: Weekly structure has disappeared
Ethereum Monthly Structure: Monthly structure is complete
Overall Altcoin Structure: Waiting for correction to accumulate
Monitoring Range: 330 altcoins on Binance
Comparison of yesterday and today’s structure:
Weekly Structure: 50/48 Quantity decreased
Monthly Structure: 247/241 Quantity decreased
Weekly and Monthly Structure: 45/44 Quantity decreased
Criteria for the start of the Altcoin season:
Monthly structure greater than 150, or weekly and monthly structure greater than 100.
In the near future, I will help 10 people build their own trading systems for free. If you need assistance, please refer to the thank-you letter for details.
⚠️ Attention! All trades sent are based on personal experience and should not be taken as investment advice. Trading involves risks, so please be cautious when entering.