November 9, 2024 08:00-12:00
Hello siblings, here is the work report:
How is the current trend of the market and Ethereum? What is the structure of altcoins across the network? When will the altcoin season start? The structural system is summarizing and sharing information daily, grasping the overall situation, and seeing far by standing high.
Monitoring Binance's 330 altcoin entry signal alarms:
Last entry signal was 145, current entry signal is 134.
The market maintains a bullish trend entry signal, with alarm numbers remaining above 100.
Overall market summary: Short-term cycle adjustment
The 4-hour price continues to push up and pull back, with effective selling pressure above, effective support on daily and weekly lines, and a brief pullback is more favorable for the market to continue to rise.
Market weekly structure: Weekly structure appears, remains intact.
Market monthly structure: Monthly structure appears, remains intact.
Ethereum overall summary: Breakthrough of weekly resistance, maintains upward trend.
The 4-hour price breaks through daily and weekly resistance levels, washing away the long-standing weak attitude. Waiting to return to stand above the weekly or daily line will officially start the bullish trend.
Ethereum weekly structure: Weekly structure intact.
Ethereum monthly structure: Brewing monthly structure.
Overall structure of altcoins:
Monitoring range: 330 altcoins on Binance.
Comparison of yesterday's and today's structures:
Weekly structure: 31/34 Slight increase in quantity.
Monthly structure: 32/36 Slight increase in quantity.
Weekly and monthly structure: 20/20 No increase or decrease in quantity.
Judgment range for the start of the altcoin season:
Monthly structure greater than 150, or weekly and monthly structure greater than 100.
Altcoin summary: Hold good spot positions, first take profit at the take profit position, wait for the remaining take profit position.
Operational aspect: The overall structure of the market remains intact, hold the spot, and a structural order is expected to appear next week.
Trading logic: When structure appears, enter with multiple cryptocurrencies in full position, when structure disappears, exit gradually, no structure means holding no position.
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Note ⚠️ All orders sent are personal experiences and should not be taken as investment advice. Trading carries risks, and entry should be cautious.
