Steemit Crypto Academy | Summary On Homework Task, Week 2-Season 5

Hello steemians how are you? I hope you all are doing well and you all are safe and healthy during this pandemic time.

Here ends week 2 of season 5 for my homework task, it felt so good to check the homework task as a professor and after being a student for 4 seasons. I have got an overwhelming response from the students which I was not expecting because of the investment questions. It was my first experience as a teacher and I tried my best to be lenient and understandable, hope you all find it informative and useful.

This week we covered : One of the best patterns from the category Reversal Pattern that is Head and Shoulder & Inverse Head and Shoulder pattern. Starting from its defination, Working, construction we end our discussion demo trades.

Both these patterns are clear indication of trend reversal in the market as we discussed in the comment also. Many of the users think that it is a technical indicator, but that is wrong as it is not a technical indicator but a reversal pattern which is used as a strategy to set up trade in the market.

As we discuss in the homework post too that nothing is perfect, neither of these patterns are perfect. So there are few limitations that one should know. One of the most important precaution that we have to take is that take long time frame to analyse these patterns more easily.

This week homework post consists of 4 most important questions. In which 2 of them are my favorite that is question 2 and question 4.

• Explain Head and Shoulder and inverse Head and Shoulder pattern in detail with the help of real examples. What is the importance of volume in this patterns (screenshot needed.)

• What is the psychology of marketing Head and Shoulder pattern and inverse Head and Shoulder pattern. (Screenshot needed)

• Explain one demo trade of Head and Shoulder and 1 demo trade of inverse Head and Shoulder pattern full stop explain proper trading strategy in both the pattern separately. Explain how you identified different levels in the treat in each pattern.

• Place one real trade of Head and Shoulder pattern or inverse Head and Shoulder pattern ($10) from your verify exchange account. Explain proper trading strategy and provide screenshot of price chart at the entry and at the end of trade also provide screenshot of details.

In question 2 do we have to understand the working method and sentiments of both buyer and seller. This become or easy to analyse when we use volume candle with Head and Shoulder or inverse Head and Shoulder patterns.

In question 4 you have to perform the real trade in detail. Many of the users complete and achieve their goal, but many of them suffer loss in there trading. May be because of lack of understanding or may be because of fake out they suffer loss.

Steemit crypto academy is helping to understand different patterns, trading methods and different indicators which one can use in there trading journey. Academy also providing information about different blockchain technologies. So join steemit crypto academy and learn new things and gain experience.

This week, I have visited all the post submitted on my tag #utsav-s5week2 and #cryptoacademy. Once again I request all the participants to check their tag correctly. If anyone use incorrect tag change it, comment your link below, I will try to visit your post.

Observations and suggestions:

In week 2 total 40 entries were made in which we find all type of entries, Outstanding, Excellent, Good, Average and Poor.

Well organised homework post with clear screenshots and perfect trades receive good grading while other losse marks in different areas. Let us address few of them.

• Presentation:
  I consider presentation as one of the most important part of any homework post. It depend on many factors such as screenshots and there editing, Clarity of content structure and also special guidelines. This time I mention two most important guidelines and consider it as a part of presentation that is to justify text and as your country tag. One who fail to follow these simple guidelines fail to receive marks in presentation.

• Proofreading :
  As we mention that one have to read his/her homework post before submission. Few users make silly mistakes such as spelling mistake, Markdown style mistakes, unwanted symbols in between text and so on. The only thing that can resolve this is issue is proofreading. Read your complete homework post before submission.

• Clarity of language and Quality of Analysis:
  Many of the users show their clear understanding and do quality analysis while preparing there post. Users who perform well in question 2 received good marks. Users who perform excellent in Question 4 deserve appreciation. By clarity of language I mean you have to make your article simple so that every user on steemit can read those articles. Quality of analysis require good tables, Correct formatting, perfect edit charts with important price levels mentioned, clear definition and understanding of each statement.

Evaluation :

My grading system was based on quality of analysis of each Question, presentation and originality. Out of 40 entries only 3 entries recive 10/10. Number of post recive Vs. Quality Tag of these 40 entires are given below in the form of bar graph.

Quality Tag	Number of posts	Marks Range
Outstanding	3	10
Excellent	12	8.5-9.5
Good	11	7.0- 8.0
Average	10	5.0-6.5
Poor	4	0-4.5

In terms of pie chart the total percentage of post received certain quality Tag is given below:

Percentage:
(Number of post/Total number of posts)X100

Marks obtained by number of posts is given below :

Marks obtained	Number of posts
10	3
9.5	4
9	2
8.5	6
8	4
7.5	4
7	3
6.5	3
6	3
5.5	2
5	2
Below 5	4

I have evaluated all the entries on the basis of the following parameters:-

• Quality of analysis Of each question, 3 questions 1.5 marks each and 1 question is for 2 marks.

• Presentation including originality 2.5 marks in total. It consists of proofreading, Guildlines, editing and other factors we discussed above.

• Club5050 users received additional 1 mark as reward.

• Grammar, spelling, plagiarism, formatting all are covered under this marking scheme.

Top 3 post :

Out of 40 entries, I found the following as three best entries of this week :

Position	username	post link
First	@dexsyluz	post link
Second	@msquaretwins	post link
Third	@pocoloco01	post link

Conclusion:

It is time to conclude our homework post summary in which we try to summarise each and every important and basic need of homework post one should take into consideration. While performing homework we have to focus on what is the demand made by questions or is there any specific guidelines made. By doing this we can secure the marks that we are losing in silly mistakes.

The aim of this homework post is to teach every user about reversal pattern that one can use in there day to day trading life. Try to use this pattern Strategy in your trading and share your views below in comment box.

Join club5050 to grow steemit and steem coin more and more. Our main is to provide quality content to users and teach them different methods of working. Of you are eligible to work in steemit crypto academy then do join this excellent community for more such assignments.

Thankyou.

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@steemcurator01
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