November 11, 2024 Monday 08:00-12:00
Hello brothers and sisters, here is the work report:
This week's structure order will be sent out shortly.
The overall market structure is complete, take profit at the stop-loss positions on the spot.
Continuously learning and accumulating experience is the preservative for professional traders.
Analyzing the market structure from a technical and overall perspective allows one to understand the direction of trend development. It’s never too late to calm the restless heart and start learning.
Monitoring Binance's 330 altcoin entry signal alarms:
Last entry signals were 110, current entry signals are 6.
The significant reduction in market entry signals indicates that a market correction is imminent.
Overall market summary: Divergence uptrend
The price continues to rise on the 4-hour chart; there is selling pressure at 82000 and 89000, daily and weekly support is effective, and a pullback is imminent.
Market weekly structure: The weekly structure has emerged and remains intact.
Market monthly structure: The monthly structure has emerged and remains intact.
Ethereum overall summary: Breakthrough of weekly resistance, maintaining an uptrend.
The price on the 4-hour chart has directly broken through daily and weekly resistance levels, washing away the long-standing weak attitude.
The structure shows selling pressure at 3300 and 3500, with effective selling pressure above; breaking through 3500 may initiate a second rise.
Ethereum weekly structure: The weekly structure is intact.
Ethereum monthly structure: Brewing monthly structure.
Overall structure of altcoins:
Monitoring range: 330 altcoins on Binance.
Comparison of structures from yesterday and today:
Weekly structure: 45/273 Quantity multiplied.
Monthly structure: 40/78 Quantity multiplied.
Weekly and monthly structure: 22/69 Quantity multiplied.
Judgment range for the start of altcoin season:
Monthly structure greater than 150, or weekly and monthly structure greater than 100.
Altcoin summary: Hold the spot well, take profit at the first stop-loss position, and wait for the remaining take profit position.
Operational aspects: This week's structure order will be sent out shortly.
The overall market structure is complete, take profit at the stop-loss positions on the spot.
Order logic: When structure appears, enter with multiple coins fully; when structure disappears, exit position by position; if there is no structure, hold no positions.
Free teaching trading system:
Recently planning to take 10 people for personal teaching to create your own trading system, completely free. Detailed requirements: please refer to the top article.
Requirements include accumulating three months of comments on short messages, ensuring no contracts are made during the three-year learning period, and upon completion, teaching 10 people for free according to this logic.
Notice ⚠️ All orders issued are based on personal experiences and are not investment advice. Trading involves risks, and caution is needed when entering.
