December 20, 2024 08:00-12:00
Hello siblings, here is a work report:
The risks in the financial market are significant, and the risks in the cryptocurrency space are even greater. No market can make you rich quickly; while you might gain millions in a short time, true wealth comes from the accumulation of knowledge, a mature trading system, and personal experience. Learn before you trade.
Overall Perspective:
The overall market and Ethereum's weekly structure have disappeared, while the monthly structure has fully emerged. Daily support levels have been breached, leading to a test of weekly support. The market enters a mid-structure position, entering a period of extreme volatility.
Altcoins are brewing a weekly structure, with the monthly structure complete. If the market oscillates at high levels this week or rises, it will bring out the overall weekly structure of altcoins, creating entry opportunities; for now, we continue to wait in the spot market.
Overall Operations:
Chase high spot trades, gradually release positions at highs to break even.
Previously published structural trades have seen their weekly structure disappear, with a monthly structure emerging. We continue to look at the first and second profit-taking positions.
The fifth phase structure has been filtered out and is waiting for an entry signal, to be released at the right time.
New Trader Reminder ⏰
For beginners or those without a trading system: do not buy new coins, do not chase highs or try to catch bottoms, do not trade contracts or futures, do not use loaned money or borrowed funds, and do not use credit cards to buy coins. First, learn the trading system for free before trading.
Market Overall Summary: Short-term correction market
The 4-hour price has broken through daily support and is testing weekly support. The structure indicates that there is significant selling pressure at 110,000 in the market, indicating a short-term correction market, while weekly support remains effective.
Market Weekly Structure: Weekly structure disappeared
Market Monthly Structure: Monthly structure fully emerged
Ethereum Overall Summary: Short-term correction market
The 4-hour price has broken through daily support and continues to test weekly support. The structure indicates that Ethereum has significant selling pressure at 3600 and 4000, indicating a short-term correction market, while weekly support remains effective.
Ethereum Weekly Structure: Weekly structure disappeared
Ethereum Monthly Structure: Monthly structure fully emerged
Altcoin Overall Summary: Waiting for new structure trades to enter
Monitoring Range: 330 altcoins on Binance
Comparison of Yesterday and Today's Structures:
Weekly Structure: 0/0 Quantity returned to zero
Monthly Structure: 257/200 Quantity slightly decreased
Weekly-Monthly Structure: 0/0 Quantity returned to zero
Currently, 2400 people are following; we plan to select 10 people to teach the structure system of spot trading for free. Those interested can refer to the thank you letter for details.
⚠️ Note! All shared trades are personal experiences and should not be taken as investment advice. Trading carries risks; please be cautious when entering positions.
