November 27, 2024 08:00-12:00 Hello, brothers and sisters, here’s a work report: Sharing insights on square information: Worried about being stuck if I trade, afraid of missing out if I don’t trade, concerned about liquidation while trading contracts, can’t even sleep well, why is this the case? Because of insufficient trading experience, lack of technical knowledge, and an incomplete or non-existent trading system. So why dare to invest real money? Isn't that just throwing away the hard-earned salary? Before trading, ask yourself if you really have confidence in the direction, whether that candlestick truly represents a breakout, and what theory and trading system are you basing your judgment on. Does this trading system have millions of data experiences to support it? Otherwise, how can you achieve trading freedom and financial freedom?
To do a good job, one must first sharpen their tools. Let's encourage each other 🙏
Overall perspective: The overall market and Ethereum weekly structure have disappeared, the monthly structure is complete, and the correction continues, still bullish in the medium term. Based on the altcoin weekly structure mostly disappearing, the monthly structure is complete, and altcoins maintain a correction trend. In terms of operations, view the overall market as bearish but do not short; take profits at highs. The structural weekly and monthly structures are in place, so the first and second profit-taking positions can still be considered.
Overall summary of the market: Correction in progress The 4-hour price is seeking support from the daily line, with selling pressure maintained at 100000 and 120000 positions. Selling pressure is weakening, but still significant and remains effective; the market continues to look for a correction. Daily and weekly support is effective, short-term correction, medium-term bullish. Overall market weekly structure: Weekly structure disappeared Overall market monthly structure: Monthly structure complete
Overall summary of Ethereum: Divergence and rise, about to correct The 4-hour price is probing upward and then falling back, with the structure showing selling pressure at 3400, 3500, 3600, and 4000, indicating a rising bearish trend, short-term correction, medium-term bullish trend. Ethereum weekly structure: Weekly structure disappeared Ethereum monthly structure: Monthly structure complete
Overall structure of altcoins: Waiting for correction to accumulate Monitoring range: 330 altcoins on Binance Comparison of yesterday and today’s structure: Weekly structure: 50/30 Quantity decreased Monthly structure: 220/216 Quantity decreased Weekly and monthly structure: 50/60 Quantity increased
Judgment range for the start of the altcoin season: Monthly structure greater than 150, or weekly and monthly structure greater than 100.
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