Hello siblings, a large number of altcoins are starting to brew structures secretly, and I am very happy to see this scene 😃.
This morning at 8 AM, I just finished handling an alert, monitoring Binance's 330 coins, with 99 alarms, a significant increase from 22 alarms in the early morning.
First, let’s talk about the overall market. Currently, the 4-hour market price has undergone a downward test overnight, and there are still no signals indicating the end of the pullback.
Details:
This morning, I repeatedly analyzed the structure and observed the 330 coins multiple times, finding that many altcoins are secretly brewing structures, and this morning, many structures showed a tendency to follow the overall market, which is a good situation. Often, if this condition is accompanied by the formation of a monthly structure, it will initiate the altcoin season mode. Siblings, prepare your bullets and quietly wait for the monthly structure to appear.
Once the weekly and monthly structures appear simultaneously, it will initiate at least a month-long trend for altcoins. Please keep an eye on my news notifications.
The analysis of the alarm information structure is as follows:
Overall market weekly structure: Weekly structure has appeared, structure remains intact.
Overall market monthly structure: Monthly structure shape has appeared, structure is brewing and continues to be observed.
Altcoin weekly structure: Most altcoins are brewing structures, following the overall market.
Altcoin monthly structure: Brewing, some are following the overall market.
The conclusion is: only trade the weekly structure, accumulate bullets, and wait for the large structure to appear.
In terms of operations: only the weekly structure has appeared, the monthly structure is still brewing,
Sell at previous high positions, and set appropriate stop-loss and take-profit levels.
Trading logic: do not trade if the structure does not appear, buy in fully when the structure appears, and exit gradually when the structure disappears.
Dragon Country stock market opening situation: bearish.
Details: The overall market 4-hour price continues to close with a bullish candle and continues to test upwards; since neither the weekly nor monthly structures have appeared, the overall trend is still testing the daily and weekly lines.
Weekly structure: not appeared.
Monthly structure: not appeared.
Today's USD exchange rate: opening continues to strengthen.
RMB exchange rate: opening continues to weaken, mid-term stocks remain bearish.
In terms of operations: waiting for the structure to appear with no positions.
Note ⚠️ All the orders shared are personal experiences, trading carries risks, and entering the market must be cautious.
