December 6, 2024 08:00-12:00 Hello brothers and sisters, here’s a work report: If I had encountered a benefactor at that time to help me establish a trading system, even if it was paid. Maybe I would have completed the establishment of the trading system ten years earlier. But this world doesn’t have so many hypotheticals. Along the way, I am determined to teach the structural trading system for free to those in need, so that the me from back then won’t continue to be lost! If you don’t even have a trading system, pause your trading, don’t chase highs anymore, stay up late, watch the market, or incur losses. There is a path through the mountains of books, diligence is the way; the ocean of learning has no bounds, hard work is the boat.
Overall Strategy: Currently, the major market and Ethereum structure have emerged, waiting to form a complete structure. The selling pressure ahead of the major market is minimal, with room to move both up and down, oscillating at high levels. However, Ethereum has considerable selling pressure ahead and will follow the major market in its oscillation and consolidation. High-level oscillating markets are very difficult to trade, it is recommended to avoid trading contracts at this position. However, the oscillating market will provide space for altcoins to consolidate and rise.
In terms of overall operations, with high-level oscillation, the focus is on spot trading; structural trades are still viable as weekly and monthly structures are in place, allowing for continued observation of the first and second profit-taking positions.
Phase Five: Timing the launch of structural trades.
Overall Summary of the Major Market: High-level oscillating market 4-hour prices have surged and then retreated, daily cycle shows high-level divergence and an upward trend, with slight selling pressure at 105,000 and no visible selling pressure above 110,000. In a high-level oscillating cycle, daily and weekly supports are effective. Major Market Weekly Structure: Weekly structure has emerged; continue to wait for a complete structure to form. Major Market Monthly Structure: Monthly structure is complete.
Overall Summary of Ethereum: Diverging upward, following the major market in high-level oscillation. 4-hour prices broke the previous high; daily cycle shows high-level divergence, and the structure indicates significant selling pressure at 4,000, 4,500, and 5,000, in a high-level oscillating market. Ethereum Weekly Structure: Weekly structure has emerged; waiting for a complete structure to form. Ethereum Monthly Structure: Monthly structure is complete.
Overall Structure of Altcoins: Waiting for new structural trades to enter. Monitoring Range: 330 altcoins on Binance. Comparison of Structures Yesterday and Today: Weekly Structure: 273/113 Quantity halved Monthly Structure: 217/99 Quantity halved Weekly and Monthly Structure: 246/90 Quantity halved
Judgment Range for Opening Altcoin Season: Monthly structure greater than 150 or weekly and monthly structure greater than 100. Recently helped 10 people build trading systems for free; those in need please refer to the thank-you letter for details. ⚠️ Note! All sent trades are based on personal experience and should not be considered investment advice; trading involves risks, and one should be cautious when entering the market.
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