Steemit Crypto Academy | Summary On Homework Task Week6 -Season 2

The sixth week of learning the basics of blockchain and cryptocurrencies is coming to an end, with 7 days of hard work, learning, and benefit. Despite many challenges, you have proven to yourself, and for us, you can overcome the difficulties and overcome them easily! I would like to thank everyone who participated(86 members) with us in this competition thanking them for their follow-up, interaction, and determination to win.

We hope that this competition has achieved its scientific and knowledge benefits and revived the spirit of honest competition among the contestants. I also hope that we have succeeded in asking these questions.

• What is the MACD indicator simply? Is the MACD Indicator Good for Trading Cryptocurrencies? Which is better, MACD or RSI?
• How to add the MACD indicator to the chart, what are its settings, and ways to benefit from them? (Screenshot required)
• How to use MACD with crossing MACD line and signal line? And How to use the MACD with the crossing of the zero line?
• How to detect a trend using the MACD? And how to filter out false signals? (Screenshot required)
• How can the MACD indicator be used to extract points or support and resistance levels on the chart? Use an example to explain the strategy. (Screenshot required)
• Review the chart of any pair and present the various signals from the MACD. (Screenshot required)

Homework correction :

Whether or not you prefer to use technical indicators, this is a matter of love and hate of your own. Technical indicators are those wonderful computer studies that you see often at the bottom of the price charts that are supposed to tell you what the market will do next (as if It can really tell us.) Generally speaking, the most commonly used studies include MACD, Stochastics, RSI, just the tip of the iceberg.

Why do some people hate technical indicators?

The main reason why some traders hate technical indicators: Some people often don't like to use technical studies because it diverts their attention from what is more important - namely (the price movement itself).

Let's break it down: Have you ever been to a magic show? Isn't it amazing when the magician pulls the bunnies out of the hats (the magician does the trick) and makes all those things disappear from before your eyes? Of course, the success of these “magic games” is only possible if you are looking at one hand while not observing the other hand of this magician. And he does the trick as much as diverting your attention.

This is why some people hate using technical indicators. Because it diverts their attention from the price action in the same way a magician does. Nevertheless, there is a great way to work with technical indicators. Here's how: When you feel that indicators are starting to draw your attention to the price itself, instead of using technical indicators as a way to measure momentum or choose highs and lows, I use them to identify potential trading positions and opportunities.

For this reason, we want to focus on the various information that we have observed and called it the MACD indicator techniques. Once these techniques are explained, you will know why you should like technical indicators according to this different kind of MACD technical analysis explanations.

Most of the answers can be learned from the lesson, but here are some questions that require additional effort and research, such as the question:

How can the MACD indicator be used to extract points or support and resistance levels on the chart? Use an example to explain the strategy. (Screenshot required)

• The histogram bars in the MACD indicator are considered one of the most important tools for extracting support and resistance, especially for scalping traders (short-term traders), and they enable them to place and determine a stop-loss order with only 10 points, of course, if they use the MACD indicator strategy in this type of trading in cryptocurrency trading by using the Japanese candlestick for the turning point or the point of changing the direction of the market, and you can extract this point through the histogram bars and reaching the zero line on the MACD indicator, the first Japanese candlestick above the zero line or below the zero line is considered the intraday support or resistance level, which we can we depend on it as we enter the market.

Evaluation criteria :

Evaluation is an integral part of all teaching and learning processes. Where it occupies a great position in the educational system in all its dimensions and aspects due to its importance in determining the amount of achieving the desired goals, which are expected to be reflected positively on the student and the educational process.

It is important to know the extent to which goals have been achieved and to measure student performance and educational development. Assessment includes collecting and analyzing information about student performance with multiple tools and measurements to make appropriate decisions that enable us to overcome shortcomings and help us know the development needs of students.

For us, the evaluation is based on illustrated criteria, which I have defined since the first week at the following link.

Results, Observations and Suggestions:

Rating Content	Excellent	Good	Average	Under average	Plagiarism	Late submitting
Statistics	14	28	21	17	4	2

General observations:

According to the statistics provided, we note that the success rate was 73 %, which is close to last week's percentage, despite the decrease in the number of participants by 15 %. Where we find 16% excellent content, 33% good content, and 24% average content, which gives the impression that the topic is accessible to everyone and well understood in general. However, the remaining 27% failed to get a good evaluation for several reasons, such as rushing to answer questions without reading the lesson properly, questions asked, weakness in writing or answering after the specified time, so we will give you several tips later, and I hope that it will be useful for everyone.

According to the results mentioned above, we also note a slight increase in the percentage of articles containing plagiarism from 2% to 5% of the total submitted articles, and as supervisors of the SteemitCryptoAcademy community, we have worked to preserve the rights of real readers and encourage the creation of quality content. Therefore, we will not tolerate any excess to completely eliminate this phenomenon in our academy.

Suggestions :

An essay is a written work that proposes a single topic in the form of an idea or several interconnected ideas, and a successful essay most likely consists of an introduction that is attractive and interesting to attract the reader's attention, and then the presentation, in which the details of the topic and the presentation of the ideas related to it are made, and then the conclusion and it contains a summary of what came in the presentation.

The writer should be careful when searching for his information from the Internet, and be keen on taking the information from reliable sources, and the search process is one of the most important steps in writing an article because it directs you to the right path and provides you with the necessary information.

Even if you wrote an article on a consumer topic and many articles were written about it previously, presenting the same topic in a different manner and from a new angle will be enough to attract the reader.

Write a draft first or a group of ideas or points that you want to talk about in the article in general, then start with the part and talk about each idea or point, explain and explain it to the reader in some detail, in the form of organized paragraphs.

You should rewrite the essay and reformulate each paragraph appropriately and clearly for all readers, paying attention to the rules of writing.

At the end of the article, write a summary that you have concluded as a reader of the article, and do not repeat everything you wrote previously, but talk about the main idea you wrote about in short.

After completing the essay, you must:

• Use punctuation marks (comma, period, etc.) in the appropriate places.
• Always try to put yourself in the reader's shoes.
• Ensure that paragraphs are short.
• Review the article to correct spelling errors, if any.

TOP 3 Homework week 6 season 2.

The task of selecting the winners in the first three places was not easy, especially since a fair number of the entries we received from the students were at a good level of creativity, which made judging and selecting more difficult. In the end, the nature of the competition requires that winning positions be selected respectively.

• @hadassah26

https://steemit.com/hive-108451/@hadassah26/crypto-academy-week-14-homework-post-for-professor-kouba01

• @rinkisaxena

https://steemit.com/hive-108451/@rinkisaxena/homework-post-for-kouba01-or-or-macd-indicator

• @lenonmc21

https://steemit.com/hive-108451/@lenonmc21/crypto-academy-week-14-homework-post-for-kouba01

Thus, congratulations to those who reached the pinnacle of victory, and of course many thanks and congratulations to everyone who participated in the competition and was unlucky. And our message to them is to keep writing and to enter the race track again.

Cc:-
@steemitblog
@steemcurator01
@steemcurator02