Don't forget, the darkest moment is often just before dawn. On the road to chasing dreams, you are never alone; you still have me.

The first is to prefer missing out rather than making a mistake. The second is to never overdraw your trades. The third is to learn to wait in cash for opportunities. The fourth is to protect your principal before thinking about profits. The fifth is to learn to review and summarize patterns. To put it simply: do not open positions unless at the target price, do not open positions unless there is a breakout, do not open positions without seeing signals, do not open positions if you cannot find a stop-loss point, do not open positions if the stop-loss point is too large, do not open positions unless it is a key point. You can manually take profits, but you must always manage your stop-loss properly.

I am a scholar in the cryptocurrency circle, a warrior who has always protected the retail investors. I wish my fans financial freedom in 2024. Let's work hard together!

Scholar in the cryptocurrency circle: November 8, 2024, Ethereum (ETH) latest market analysis reference.

The current price of Ethereum is 2905. After breaking below 2400 and entering long positions, I suggested everyone take profits and exit when it broke 2600. Now we are basically in a cash-waiting phase with no operations. We will decide whether to enter after the rebound ends or after a deep pullback. Currently, Ethereum has broken the original thinking and market layout. If it breaks 3000 and then gets pushed down, it indicates that the trend is still in a range. If it stabilizes above 3000 and continues to stretch, then it will be a new situation. Therefore, I suggest everyone to mainly observe for now and prepare for both scenarios. If it breaks 3000, you can try short positions; if it doesn't break, wait for a pullback to support for long positions.

Looking at the market, there have been several consecutive days of large bullish candles, directly breaking the EMA trend with all major indicators broken. This morning at 8 AM, after the daily K-line opened, it stretched to a high of 2957 and a low of 2887, with the EMA trend indicator contracting. The 15-minute fast line indicator has reached the EMA90 support at 2633, and it is expected to further stretch and break the EMA120 major support point at 2690. The MACD is increasing in volume, and the Bollinger Bands upper track has lost support at 2869. The bullish trend has not yet ended. It is not recommended to chase long positions while the trend is not adjusted; wait for a pullback to enter.

The four-hour K-line has quickly ended the bullish trend of the EMA upward net expansion. The EMA15 has stretched to 2745 and has not ended yet, and it is expected to hit the 2800 support point. The MACD volume has decreased and is starting to show divergence. The upper pressure level of the Bollinger Bands is at 3010, and the mid-track support is at 2640. The KDJ is diverging downwards, forming a death cross. The short-term pressure level above can be determined in the range of 3010 to 3040, so be sure to defend and pay close attention.

Short-term reference: Safety first. Remember that the market is never 100%, so always manage your stop-loss. Safety first; small losses and big profits are the goal.

For the upper range of 3010 to 3040, go short, with a defense at 3070 to 3100 for adding to short positions, stop-loss at 50 points, target looking at 2950 to 2900, and if broken, looking at 2850 to 2800.

For the lower range of 2800 to 2830, go long, with a defense at 2700 to 2730 for adding to long positions, stop-loss at 50 points, target looking at 2900 to 2950, and if broken, looking at 3000 to 3050.

Specific operations should be based on real-time market data. For more information, you can consult the author. The publication of this article may be delayed, so it is recommended for reference only, and risks are borne by the reader.

This article is exclusively contributed by the scholar in the cryptocurrency circle and represents the scholar's unique viewpoint. In-depth research has been conducted on BTC, ETH, DOGE, DOT, FIL, EOS, etc. Due to the timing of the article's release, the above viewpoints and suggestions may not be real-time and are for reference only. Risks are borne by the reader. Please indicate the source when reprinting. Manage your positions reasonably and avoid heavy or full positions. The scholar also hopes that all investors understand that the market is always right. If you are wrong, you should summarize where the problem lies. Do not let the profits that should be yours slip away. There is no need to be smarter than the market. When a trend comes, respond to it; when there is no trend, observe and remain calm. It is not too late to act once the trend becomes clear. Tomorrow's success comes from today's choices. Heaven rewards diligence, the earth rewards kindness, humanity rewards sincerity, business rewards trust, industry rewards excellence, and art rewards passion. Gains and losses often happen unexpectedly. Develop the habit of strictly managing stop-loss and take-profit for each trade. The scholar in the cryptocurrency circle wishes you happy investing!

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