December 4, 2024 08:00-12:00
Hello brothers and sisters, here is a work report:
In the past few days, many people have been aggressively pursuing highs in the market like they have been injected with adrenaline. However, by the time you feel ready to enter the market, those with a trading system have already started to exit or take profits in batches. Why do you always find yourself stuck at the peak, picking up other people's orders, and constantly losing money?
Because you lack a structural system and follow trades haphazardly. You can't even distinguish between real and fake orders, how can you not get cut?
Most people have the desire to make big money, which is why most people are not wealthy. A minority understand how to let go or control their desires, and as a result, a minority achieve financial freedom.
Pause your impulsive trading, calm down, and take the time to learn the structural system that belongs to you.
Overall Thinking:
The structure shows that the major market and altcoin weekly structures have disappeared, the monthly structure is intact, and the bullish market continues, avoiding risks is more important than trading.
Based on the disappearance of most of the altcoin weekly and monthly structures, and the emergence of bullish traps, the altcoins will follow the adjustment trend of the major market.
In terms of overall operations, maintain a bearish outlook without shorting; take profits on the highs. Because the weekly and monthly structures are present, you can continue to look at the first and second profit-taking positions.
Overall Summary of the Major Market: Adjustment is ongoing.
The 4-hour price is testing previous highs and facing resistance, daily cycle shows high divergence, with selling pressure at positions 99000 and 100000. The bullish trap is evident, and the major market continues to look for adjustments. Daily and weekly supports are effective, and the medium term outlook remains bullish.
Major Market Weekly Structure: Weekly Structure Disappeared
Major Market Monthly Structure: Monthly Structure Intact
Overall Summary of Ethereum: Divergence Upward, Approaching Adjustment
The 4-hour price is testing previous highs and facing resistance, daily cycle shows high divergence, structure indicates selling pressure at 3600, 3700, 3800, 4000, 4500, with significant selling pressure, short-term adjustment, medium-term bullish trend.
Ethereum Weekly Structure: Weekly Structure Disappeared
Ethereum Monthly Structure: Monthly Structure Intact
Overall Structure of Altcoins: Waiting for Adjustment to Accumulate
Monitoring Range: 330 Altcoins on Binance
Comparison of Yesterday and Today's Structures:
Weekly Structure: 48/42 Number Decreased
Monthly Structure: 241/100 Number Halved
Weekly-Monthly Structure: 44/40 Number Decreased
Judgment Range for Altcoin Season:
Monthly Structure greater than 150, or Weekly-Monthly Structure greater than 100.
Recently offering free help to 10 people to build trading systems; please refer to the acknowledgment letter for details.
⚠️Note! All shared orders are based on personal experience and should not be considered investment advice. Trading carries risks, and caution is required when entering the market.
