Hello siblings, on October 31, 2024, at 8 AM, here’s a work report: how to view market changes from a global perspective in the cryptocurrency space. The summary information below is very heavy, very important, very important. Please respect the market and pay attention to the global information sent out every day.
Monitoring Binance's 330 altcoin entry signal alerts:
Compared to 43 alerts at dawn, there are 49 alerts at 8 AM, indicating that global entry signals are increasing.
Overall summary of the market:
The 4-hour price continues to test previous high positions and will continue to adjust. The depth will not be too large because daily and weekly supports are effective, and the weekly structure remains intact.
After a brief adjustment, if the upward momentum continues to increase, a correction will appear next week, which will be beneficial for completing the monthly structure.
Overall summary of Ethereum:
The 4-hour price is temporarily blocked after touching the previous high position and has started to adjust in sync with the overall market. Currently, the daily support is good, moving towards the weekly pressure level, the weekly structure is complete, and the monthly structure is brewing, with a mid-term bullish outlook.
Overall summary of altcoins:
Monitoring range: Binance's 330 altcoins
Overall market weekly structure: the weekly structure appears, and the structure remains intact
Overall market monthly structure: brewing
Comparison of the structure of the 330 altcoins from yesterday to today:
Weekly structure: 22/47 Quantity multiplied
Monthly structure: 83/86 Quantity slightly increased
Weekly and monthly structure synchronization: 20/20 No increase or decrease in quantity
The conclusion is: The overall structure of altcoins has cumulatively increased, and in the altcoin phase, it is bullish.
On the operational side: structure orders have been issued during the day, please check the article for details. It is recommended to diversify funding across multiple coins to increase risk resistance. Do not go all-in on one coin. If you're worried about missing out, you can enter a small base position slightly above the given entry price, while the rest of the funds should still be placed as limit orders within the price range.
Trading logic: enter with full warehouse when structure appears, exit gradually when structure disappears, and wait for structure to emerge when there is none.
Free trading system building:
Recently, I plan to teach 10 people personally to create their own trading systems, completely free of charge. For detailed requirements: please refer to the pinned article.
There will be weekly live streams to help everyone analyze altcoins. Thank you for your attention 🙏
Attention ⚠️ All issued orders are personal experiences and should not be considered investment advice. Trading carries risks, and caution is required when entering.
Encourage yourself:
Respect the market, be grateful, and strive for goodness.
Do not neglect small acts of goodness, and do not commit small evils.