RE: Crypto Academy / Season 3 / Week 4 - Homework Post for @asaj | Spotting Market Reversals With CCI
Superb performance @chiragbiton!
Thanks for performing the above task in the fourth week of Steemit Crypto Academy Season 3. The time and effort put into this work is appreciated. Hence, you have scored 9 out of 10. Here are the details:
| Open a demo account and select five coins | ||
| Create a market entry and exit strategy | ||
| Use CCI signals to buy and sell the selected coins | ||
| Declare your profit or loss from trading the coins you selected | ||
| Explain your trade management technique | ||
Remarks:
Nicely done Chirag! I noticed you were averaging down your position in the BATUSDT trade. The price kept falling and you made an attempt to minimise
your loss. Had you waited for just 37 minutes, you could have made a profit.
You sold BAT at 11:08 for 0.5013 USD when CCI first reached the overbought territory. At 11:20 the price fell to 0.4980 USD and the CCI entered the oversold territory. That was your cue to make another buy order. And, at 11:45 its price rallied up to 0.5060 USD which would have made good profit for you.
Overall, you did an excellent job. Keep it up!
Thank you professor for reviewing and appreciating my work.