Listen to others' advice and eat your fill! Wait patiently!

December 8, 2024 08:00-12:00
Hello brothers and sisters, here is a work report:
If you have not entered the market during the appropriate window period, then do not chase the highs. Chasing the highs means taking on someone else's sell orders. Why does it rise when you sell? Why does it fall when you buy? Because you do not have your own trading system.
In the structural system, you can clearly see the buying window period. Before you have a trading system, it's best to pause your trading and rebuild your own structural system.

Global Thinking:
Currently, the overall market and Ethereum structure are emerging, waiting to complete the structure.
There is little selling pressure and support in the overall market, while Ethereum has significant selling pressure. The high-level volatility has considerable risks with spikes up and down, making contracts very difficult to trade. It is recommended to avoid contracts at this position. At the current position, aside from structural positions, it is advised to reduce positions on rallies and secure profits.
Today, the overall structure of altcoins maintains a large base, and the chasing high sentiment is still present. The weekly and monthly structures have had significant changes this week, indicating that most altcoins have considerable controversy at this position.

In terms of global operations, high-level volatility, focus on spot trading, and structural positions can continue to look at the first and second take-profit levels due to the weekly and monthly structures.

The fifth batch of structural positions has been selected and will be launched at an appropriate time.

Overall Summary of the Market: High-level volatility
The 4-hour price is testing upwards, the daily cycle shows a high divergence and rise, and the market has slight selling pressure at 102000 and 105000, with high-level volatility cycles where daily and weekly supports are effective.
Weekly Market Structure: The weekly structure has emerged, continuing to wait for a complete structure.
Monthly Market Structure: The monthly structure is complete.

Overall Summary of Ethereum: Diverging and rising, following the high-level volatility of the market
The 4-hour price is consolidating sideways, the daily cycle shows a high divergence, and the structure indicates significant selling pressure at 4000 and 5000, with high-level volatility.
Weekly Ethereum Structure: The weekly structure has emerged, waiting to complete the structure.
Monthly Ethereum Structure: The monthly structure is complete.

Overall Structure of Altcoins: Waiting for new structural positions to enter
Monitoring Range: 330 altcoins on Binance
Comparison of Yesterday and Today’s Structures:
Weekly Structure: 291/276 Slight decrease in quantity
Monthly Structure: 276/271 Slight decrease in quantity
Weekly and Monthly Structure: 45/47 Slight increase in quantity
Judgment Range for Altcoin Season Opening:

Monthly structure greater than 150, or weekly and monthly structure greater than 100.

Recently offering free help to 10 people to build trading systems, please refer to the thank-you letter for details.

⚠️ Note! All posted positions are personal experiences and should not be considered investment advice. Trading involves risks, and caution is advised when entering the market.