December 17, 2024 08:00-12:00
Hello brothers and sisters, here is the work report:
Yesterday I browsed some live broadcasts, and I think that without structure and entry signals, I won't follow anyone's calls. We should teach everyone more about how to break even, how to use trading systems to select coins at the start of their cycles, how to avoid chasing highs and catching lows, how to manage trading psychology, and how to build a trading system for free. Because a good trading system does not worry about making money.
Overall Perspective:
The overall market and Ethereum's weekly and monthly structures are complete, continuing the short-term upward trend. There is less selling pressure above the market, while Ethereum has considerable selling pressure. In the mid-term structure position, the market has entered a period of intense volatility.
The overall monthly structure of altcoins is complete, and the weekly structure is brewing. Altcoins do not want to fall, but there is no momentum for an increase; the market is weak and overall altcoins continue to wait for the weekly structure to be complete.
In terms of overall operations:
Chase high spot orders and gradually break even when the price rises. Look for early structure singles of altcoins for spot trading, which have strong resistance to volatility risks.
The released structure singles have seen the weekly structure disappear, but the monthly structure is complete, and we can still look at the first and second take-profit positions.
The fifth phase of structure singles has been filtered out, waiting for entry signals, and will be launched at the right time.
Newbie Trading Reminder ⏰
For newbies or those without a trading system, do not buy new coins, avoid chasing highs and catching lows, do not engage in contracts or futures, learn the trading system first before trading.
Overall Summary of the Market: Short-term upward trend
The 4-hour price continues to rebound, the structure shows that there is little selling pressure at 108000, 110000, indicating a short-term upward trend, with daily and weekly support still effective.
Market Weekly Structure: Weekly structure complete
Market Monthly Structure: Monthly structure complete
Overall Summary of Ethereum: Short-term upward trend
The 4-hour price continues to rebound, the structure shows significant selling pressure at 4200, 4500, 4800, and 5000, indicating a short-term upward trend.
Ethereum Weekly Structure: Weekly structure complete
Ethereum Monthly Structure: Monthly structure complete
Overall Summary of Altcoins: Waiting for new structure singles to enter
Monitoring range: 330 altcoins on Binance
Comparison of structures from yesterday and today:
Weekly Structure: 270/33 Quantity halved
Monthly Structure: 280/267 Quantity slightly reduced
Weekly and Monthly Structure: 144/64 Quantity halved
Recently, I am helping 10 people build a trading system for free; please refer to the thank-you note for details.
⚠️ Note! All the sent orders are personal experiences and should not be considered as investment advice. Trading carries risks; please enter the market with caution.
