November 5, 2024, 8 AM Good morning, brothers and sisters. Here's a work report:
First, I want to apologize 🙇
Yesterday, I rushed the development, which caused me to rest too late. The information is sent out a bit late today, I'm really sorry!
From today's overall summary, a large number of altcoins have reached the weekly support level. If support is found at this level, a significant weekly structure will appear, so be patient and wait for profits.
Live stream appointment: November 6, 2024, Wednesday, 8:30 PM
Q&A session, everyone is welcome to participate.
Monitoring Binance's 330 altcoin entry signal alerts:
Compared to 8 alerts at 8 AM, there are 10 alerts at 8 AM today.
The entry signals are recovering; continue to wait for an increase in signal volume.
Overall market summary: Short-term consolidation looking for support.
The 4-hour price has temporarily rebounded after testing the daily line for the second time, maintaining the rebound trend. If it stands above the daily line again, forming a divergence will continue to support the upward trend. The weekly support is effective.
Market weekly structure: Weekly structure appears, remains intact.
Market monthly structure: Monthly structure appears, initially formed, pending strengthening.
Ethereum overall summary: Short-term consolidation looking for support.
The 4-hour price continues to probe for support; a pin bar forming a divergence will stop the downward movement. Bearish but do not short, wait until it returns to the daily line support to stop the decline.
Ethereum: Weekly structure disappears, no monthly structure has appeared.
Altcoin overall summary: Mid-term support level search, structuring in progress.
Monitoring range: 330 altcoins on Binance.
Comparison of yesterday's and today's structures for 330 altcoins:
Weekly structure: 15/20 Slight increase in number.
Monthly structure: 15/18 Slight increase in number.
Weekly and monthly structure: 14/15 Slight increase in number.
Summary: Hold good spot, control hands, wait patiently.
Operational aspects: The overall market structure remains intact, continue to hold the structure single spot.
Trade logic: Enter full position when structure appears, exit position when structure disappears; hold empty positions when there is no structure.
Free teaching trading system:
Recently planning to personally teach 10 people to create their own trading system, completely free. Detailed requirements: please refer to the pinned article.
Weekly live analysis of altcoins, stay tuned 🙏
Note ⚠️ All sent orders are personal experiences and are not investment advice. Trading has risks, and entry should be cautious.
