November 6, 2024, 8 AM Hello siblings, here is a work report:
When will the altcoin season appear? A large number of altcoins will emerge when the structural system shows monthly and weekly structures, indicating that the altcoin season has arrived. The overall market will continue to consolidate at high levels, which will continue to guide altcoins in forming structures. Keep an eye on the information and do not miss the notification for the altcoin season.
Family, continue to hold your spot and wait for notifications.
Live Broadcast Appointment: November 6, 2024, Wednesday, 8:30 PM - 9:30 PM
Q&A session, everyone is welcome to participate.
Monitoring Binance's 330 altcoin entry signal alarms:
Compared to 28 alarms in the early morning, there are 7 alarms at 8 AM.
Entry signals are recovering, continue to wait for an increase in signal volume.
Overall Market Summary: Effective support, maintaining an upward trend.
The 4-hour price has undergone three daily line tests and has formed an effective bullish divergence. Daily and weekly supports are effective, maintaining an upward trend.
Overall Weekly Structure: Weekly structure has appeared, remains intact.
Overall Monthly Structure: Monthly structure has appeared, remains intact.
Ethereum Overall Summary: Short-term consolidation seeking support.
The 4-hour price has formed an effective divergence and is testing daily resistance levels. It will only stop falling after standing back above the daily support, the trend is weaker than the overall market.
Ethereum Weekly Structure: No weekly structure.
Ethereum Monthly Structure: No monthly structure.
Overall Structure of Altcoins:
Monitoring Scope: 330 altcoins on Binance.
Comparison of structures from yesterday to today:
Weekly Structure: 20/17 Slight decrease in quantity.
Monthly Structure: 18/18 No increase or decrease in quantity.
Weekly and Monthly Structure: 15/15 No increase or decrease in quantity.
Altcoin Summary: Hold your spot well, control your hands, and wait patiently.
In terms of operations: The overall market structure is still intact, continue to hold the structural spot.
Trading Logic: Enter with full position when structure appears, exit with partial positions when structure disappears, and hold cash when there is no structure.
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Weekly live analysis of altcoins, stay tuned 🙏
Attention ⚠️ All orders shared are personal experiences and should not be considered investment advice. Trading involves risks; proceed with caution when entering.
