December 16, 2024 Monday 08:00-12:00
Hello brothers and sisters, here is a work report:
What is the relationship between the overall market and altcoins at present? Why did the overall market start to rebound, but the altcoins did not follow?
From the structural system, the overall market has a complete weekly and monthly structure, and a market rebound is an inevitable trend. However, the overall altcoin weekly structure has disappeared, while the monthly structure is complete, indicating that altcoins are still brewing a trend. Once the overall altcoin weekly and monthly structures are complete, altcoins will continue to rise.
Overall strategy:
The overall market and Ethereum have formed a complete structure and, after nearly two weeks of fluctuating market conditions, have entered a short-term rising trend. This position belongs to the mid-term structure, and the market will enter a period of intense volatility.
In terms of overall operations, during the short-term rising trend, look for early-stage structural altcoins for spot trading, as they have strong volatility risk resistance.
The previously released structural altcoin has a disappeared weekly structure, but the monthly structure is complete, so we can still look at the first and second profit-taking positions.
The fifth phase of the structural altcoin has been filtered out, waiting for the entry signal, and will be released at the right time.
Trading reminder ⏰
For beginners or traders without a trading system, do not buy new coins, do not chase highs or bottom fish, do not engage in contracts or futures, learn the trading system before trading.
Overall summary of the market: short-term rising trend
The 4-hour price continues to rebound, and the structure shows that the overall market has little selling pressure at 108000 and 110000, transitioning into a short-term rising trend, with daily and weekly support remaining effective.
Overall market weekly structure: complete weekly structure
Overall market monthly structure: complete monthly structure
Overall summary of Ethereum: short-term rising trend
The 4-hour price has not touched the daily line for rebound, and the structure shows that Ethereum has significant selling pressure at 4000, 4300, and 4500, indicating a short-term rising trend.
Ethereum weekly structure: complete weekly structure
Ethereum monthly structure: complete monthly structure
Overall summary of altcoins: waiting for new structural altcoin to enter
Monitoring range: 330 altcoins on Binance
Comparison of structures from yesterday and today:
Weekly structure: 64/270 Quantity multiplied
Monthly structure: 264/280 Quantity slightly increased
Weekly and monthly structure: 55/144 Quantity multiplied
Recently providing free assistance to 10 people in building a trading system, please refer to the thank-you letter for details.
⚠️ Attention! All posted orders are based on personal experience and do not constitute investment advice. Trading carries risks; please enter the market with caution.
