Hello steemit community!

Hope everyone is doing fine.I have taken this week's lecture and found it quite helpful.So I am here to participate in this week's homework. With each passing day I am learning new things about crypto so without any further delay lets get to homework.

Technical details on reverse strategy.

First it is important to understand the term reverse strategy.the word reverse meaning the opposite and the strategy is planning and any planning would be for the profit.A person will try to utilize any possible strategy which will maximize its profit.It will be applied when the market is going in upward trend or vice versa for the long time.It is basically making the strategy opposite the current trend.It is done through the technical analysis,after reading the market and completely understanding its trend and know when to enter and exit in order to maximize its profit through reverse stategy.In reverse strategy a person will like to buy as much as he can in downward trend and will sell in upward trend.

How does it work

When any crypto currency is in upward or downward trend for a long period of time then it goes into opposite trend there reverse strategy could be applied.As it is with full of risk like when any coin is in continuous bullish trend and you invest in it but that coin goes into opposite trend then you may face losses but one can earn huge profits with the study of last 24hours of trend and knowledge of market and through reverse strategy.Let the cycle of 24 hours complete and watch critically the trend and just 15mints before the end of day start to prepare for reverse strategy.

Now lets take example of BTC/USDT and ETH/USDT. I have marked bearish and bullish reversal.A trader with complete study and good knowledge after applying the reverse strategy will buy just before bullish reversal and will sell just before bearish revesal.

Review Of COINGECKO.

1. What Is A COINGECKO?

When we talk about research on crypto before making any investment or any other purpose there are very few authentic sites which you should trust and Coingecko.com is one of them.It was founded in april 2014.It is a crypto currency site which is the complete package of knowledge related to crypto currencies.You can know each and every detail related to any cryptocurrency here on this site.

2. How COINGECKO Can Be Helpful for you in a Crypto Market?

As I have written above it is complete package.We can know about any currency and its exchange.We can know about rankings,its current value, its market cap,volume,its daily or weekly price changes,its charts and many other things.We can also know about the coins which are recently added.Basically It is a very good site for the crypto educational purpose.It is very easy to use.

3. Explore COINGECKO features with information.

Here I will be highlighting some of the important features of this site with screenshots.As we open the site first page appears that shows the ranking of coins by their marketcap in front of those rankings its price,1h change,24h change,7d change,24h vol and its market cap is shown.Top bar of this page contains index as you can see in the picture and below it total number of coins,exchanges,marketcap,dominance is shown.

By clicking on the coins you can see the list appears.you can click you choice in which sequence you want to see list.I am wishing to see coins that are recently added.

With the coins you can click on the exchanges and it opens and shows its whether you want to open spot,DEX or derivatives.I am selecting spot.

Next is you can create portfolio by clicking on the portfolio and just login your account if you have any.if you are new first signup.

By clicking on pulications you can read crypto reports,newsletter,podcast,blogs etc.

Weekly Price Forcast For Crypto Coin:Bitcoin

I will be choosing BTC/USDT for the prediction of this week.I am choosing this coin because it is most popular and the no 1 ranked coin and when anyone hear the word crypto first thing that comes in mind is bitcoin.Bitcoin was first introduced in 2009.It was first decentralized digital currency. Due to recent downward trend of its price it becomes more popular.Current price of bitcoin is $40650 and in the past few days there is a significant decrease in its price.Its current total market cap is $759,998,108,341.its all time high price is $64804 around a month ago.

By using the techinical strategy I will be predicting the price for next week.By looking at the picture it seen that it has resistance around $42k and support at $34k.So I am predicting its price will go down for the next week and it may hit minimum $35k and maximum of $37k.

Conclusion

In this week I have learned a new strategy that is reverse strategy,how does it work and where it is applicable.Different strategies will help earn profit.I have also explored coingecko site in deep.I have used it earlier but going in deep helped me increase my knowledge.Also I have forcasted the price which I may be wrong but will learn from it.

That is all from my side.I hope I have justified my points.

Thankyou.

(I have taken all screenshots from binance application and coingecko site.)

Special mention

@stream4u