Check in with Brother Wei!

December 18, 2024 08:00-12:00
Hello brothers and sisters, here is a work report:

Overall thinking:
The overall market and Ethereum's weekly and monthly structures are complete, continuing the short-term upward trend. The selling pressure above the overall market and Ethereum has increased, and the overall market is entering a mid-structural position, entering a period of intense volatility.
Altcoins are overall brewing a weekly structure, and the monthly structure is complete. If the overall market oscillates at a high position or rises this week, it will bring out the overall weekly structure of altcoins, and there will be an entry opportunity then, so continue to wait.

Overall operation:
Chase high spot positions, gradually unlock positions when selling at highs.
The previously published structural positions have disappeared, the monthly structure is complete, and the first and second take profit positions can still be monitored.

The fifth phase of structural positions has been filtered out, waiting for entry signals, looking for the right timing to launch.

New trader reminder ⏰
For newcomers or those without a trading system, do not buy new coins, do not chase highs or catch lows, do not engage in contracts or futures, learn the trading system first before trading.

Overall summary of the market: short-term upward trend
The price encountered resistance at previous highs and has pulled back in the 4-hour timeframe, the structure shows significant selling pressure at 110,000 for the overall market, with short-term upward trends, daily and weekly support remains effective.
Overall weekly structure of the market: weekly structure complete
Overall monthly structure of the market: monthly structure complete

Overall summary of Ethereum: short-term upward trend
The price encountered resistance at previous highs and has pulled back in the 4-hour timeframe, the structure shows significant selling pressure at 4,100, 4,500, and 5,000 for Ethereum, with short-term upward trends.
Ethereum weekly structure: weekly structure complete
Ethereum monthly structure: monthly structure complete

Overall summary of altcoins: waiting for new structural positions to enter
Monitoring range: 330 altcoins on Binance
Comparison of structures yesterday and today:
Weekly structure: 33/19 Number reduced by a factor
Monthly structure: 267/227 Number slightly reduced
Weekly and monthly structure: 64/57 Number slightly reduced

Currently, 2,400 people are following, planning to select 10 people to teach the structure of spot trading for free, please refer to the thank-you letter for details.

⚠️ Note! All the positions provided are based on personal experience and should not be considered as investment advice. Trading involves risks, and entry should be cautious.