Hello brothers and sisters, reporting work on November 1, 2024, early morning: The market is changing dramatically. How to know the overall moving direction? The structured trading system summarizes the trends in the cryptocurrency market every day, hoping to help you.
Monitoring Binance's 330 altcoin entry signal alerts:
Compared to 49 alerts at 8 AM, there were 7 alerts in the early morning, significantly reduced,
indicating that the global entry signals have been exhausted; extremes will reverse; trading goes against human nature.
Overall summary of the market: Short-term bearish
The 4-hour price has been tested down for a day, and there is currently no pause in the trend; it will continue to adjust, and the depth will not be too large because the daily and weekly support is effective, and the weekly structure remains intact. The information at 8 AM today is very critical and will be the stage for the market to brew the monthly structural outcome.
Overall summary of Ethereum: Short-term bearish following the market
The 4-hour price continues to decline, touching the strong daily support; after being blocked, it will undergo consolidation to test the daily support, with the weekly structure intact. The information at 8 AM today is very critical and will be the stage for Ethereum to brew the monthly structural outcome.
Overall summary of altcoins: Medium-term bullish
Monitoring range: 330 altcoins on Binance
Market weekly structure: Weekly structure has emerged, structure remains intact
Market monthly structure: Under brewing
Comparison of the structural brewing of 330 altcoins from yesterday to today:
Weekly structure: 47/47 No increase or decrease in quantity
Monthly structure: 86/86 No increase or decrease in quantity
Weekly and monthly structures synchronized: 20/20 No increase or decrease in quantity
The conclusion is: The market, Ethereum, and altcoins are short-term bearish, medium-term bullish. The monthly structure trend will appear at 8 AM today, which is very critical, so please pay attention to the information in a timely manner.
In terms of operations: Move to the article to view the structure list; it is recommended to allocate funds across multiple coins to increase risk resistance, do not invest all in one coin. If you are worried about missing out, you can place a small amount at a slightly higher entry price to establish a bottom position, while other funds should still be placed in the price range for orders.
Trading logic: Enter fully when the structure appears, exit gradually when the structure disappears, and wait without structure.
Free trading system setup:
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Weekly live analysis of altcoins, please pay more attention 🙏
Note ⚠️ All shared trades are personal experiences and should not be considered investment advice. Trading has risks; please be cautious when entering.