It's a fresh new day I am glad to learn from professor @stream4u on the Reverse Strategy and Review of Coingecko lesson I will explain my understanding of Reverse Strategy and also a review on Coingeckoand Weekly Price Forcast For Crypto Coin.

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Technical Details On Reverse Strategy

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The word reversal isn't new to me and trading, because the Reverse Strategy name is given by professor @stream4u this method is used in a live market for technical analysis of cryptocurrency to detect an extremely bullish or bearish crypto market before making any investment in it.

Reverse Strategy is used in 1-day candle we need to wait for 1 day critical to complete as we learned from the professor lesson before the 24 hours of the day ends we use last 15 to 5 minutes to prepare for the Reverse Strategy. The reverse trading strategy aim at the pull-back after the daily close of the candle this strategy works best in the conditions of price change of up20% or down20% or even more on the trading chart in the coin, price of the market at the end of the day critical complete.

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How Reverse Trading Strategy Works

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before we enter the Reverse Strategy we need to see all the parameters set like 1 day critical to complete, change of up20% or down20% or even more on the trading chart in the coin.

Now we can implement Reverse Strategy Let's just think that the price of a market or coin in a strong long BEARISH OR BULLISH on the movement the day traders take their profits by closing their positions of the market which causes the price of the market to pull back, This pull-back of market or (coin, candle) open an opposite trader in the market who try to do reverse the price of the market and the crypto coin in the opposite direction, this brings an opportunity to use a reverse trading strategy.

At the end of the 24 hours or 1 day is very near to the close price then it's a good place to place a buy order, take profit in the next high point in that chart put stoop loss in the next low point in that chat Note:-("don't forget to use stop-loss because stop-loss prevents from heavy loss").

To know of all this we need to how to reed a candle in a candle there are 4 important things OPEN, HIGH, LOW, CLOSE.

• OPEN Open this the start of a new candle.

• HIGH Highest for a candle is the High.

• LOW low is the opposite of the High lowest price of a candle.

• CLOSE Close is the end of the candle.

For example, see👀 the below image;-

source

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Example for Bullish Reverse Strategy:

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For this example, I have used a chart from BTC to USD in coingecko in the below image we can see that the previous close candle is near the opening of a new candle this is an opportunity to use reverse strategy to place buy.

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Example for Bearish Reversal Strategy:

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For Bearish Reversal Strategy, the same criteria are met as in Bullish Reverse Strategy in the below image we can see the opening candle is near to closed candle of the previous candle Reverse strategy can be used to place sell position.

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Example prevent losses:

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To prevent losses before we enter any market we should decide the entire point and profit point, exit point (stop loss ) in the below image I have made these three points, for example, you can see the entry point exit point and profit point,
if you don't use a stop loss if suddenly the market price of that coin drops we will get a lot of loss.

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Review of Coingecko

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source

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1. What is coingecko:

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Coingecko invented in 2014 and founded by TM Lee (CEO) and Bobby Ong (COO) in Singapore the platform was created to keep the track of digital currency price and various information about cryptocurrency there are so many various types of data information in coingecko like market, cap24 hours Vol, Dominance percentage in crypto, price fluctuations and Coingecko 7326 crypto coin are there and the number of exchanges is 471 and there is a convert option using that option we can convert cryptocurrency not exactly we cannot convert coins, for example, we can see the value like for 1 BTC how much USD we get, COINGECKO is a platform where we get various information in your one platform.

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

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• COINGECKO very useful because it gives various information on a single platform we don't need to go to multiple places to get it will get it COINGECKO and depth information and analysis about cryptocurrency.

• it gives a live cryptocurrency market or real-time price data of a cryptocurrency and CoinGeckogives portfolio opinion gives management tools for the users to keep track and monitor the progress of the cryptocurrencies market and we can do with multiple cryptocurrencies.

• it is very easy to find the cryptocurrencies used opinion given in the dashboard like the coin, price high, and low in time ( 1H,24h7d),24volume, market cap, etc in one click we control it easy for a new crypto user to.

• CoinGecko get the information on Github, Gitlab on different cryptocurrency projects. an also collect the data from cryptocurrency projects by following the work of cryptocurrency on Reddit, Facebook Twitter, Facebook, and post on its Community.

• historical data on over 6,000 cryptocurrencies market, app for Android & iOS ready for Track crypto markets wherever we want.

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3. Explore COINGECKO features with information.?:

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There are multiple futures so I cannot cover it in a paragraph so make it a point and only mani futures.

• Categories:- in the dashboard, we can see the option Categories selected the Categories is used to slaughter out the types of cryptocurrencies like Exchange-based Tokens, Decentralized Finance (Defi), Stablecoin, centralized Exchange Token (CEX), Binance Smart Chain Ecosystem, Meme Tokens and Top Cryptocurrency Categories are By Market Capitalization,24 volume, last 7-day behaviour of the price day.

selected the Categories

we can see in the above image as I explained Top Cryptocurrency Categories, and market Capitalization 24 volume, last 7-day behaviour of the price day.

• Portfolio:-

Portfolio also located in dashboard or home page Portfolio one of my best tools in coingecko once we are inside the portfolio in the right side we can see add coin click on it and search the coin you like to keep track of the portfolio means profit and loss ratio, for example, I have added steem and other some crypto is not showing any data because I just add it now it will take time.it will show you three things Total Balance,24h Portfolio Change (+0%), Total Profit Loss (-), we can add multiple cryptocurrencies also.

• Recently Added:-

Recently Added Coins like the heading says in this option we can see the recently added cryptocurrency to the market and it as mani 5 opinions like market extra information like price high, and low in time ( 1H,24h7d),24volume, market cap, last add, last add to show the time of the cryptocurrency in the market, All-time high opinion shows the all-time high since all-time high and all-time high data, and Developer information about containing the development social shows the number of followers in the social media chan there weren't any pieces of information about this option.

• Explore all coin:-

Explore the crypto universe yes it is really a universe because it contains all the data of cryptocurrency using this option we can search cryptocurrency easily to help the search it as multiple options like Market Cap,24h Volume, Price,24h Change, Category, Exchange, Platform, Hashing Algorithm.

• Exchanges:-

this future is very useful for traders because it shows all kinds of trading platforms for example we select the spot it shows all the spot Crypto trading platforms including that it has three main features
Overview
overview it gives information like Test score,24volume, visits count, coin in that exchange, pairs, last 7 days.
cybersecurity
cybersecurity social cybersecurity scores, penetration test, proof of fund, bug bounty,
social
social give info like from which country it was developed, number of followers in Twitter, Alexa rank.

like this, it contains information of exchange like Spot, DEX, Derivative.

NFT

coingecko contain information about the NFT market also by clicking NFT it will take you to the Top 100 NFT Coins by Market Capitalization where it will show you the different kinds of NFI coins it also provides information of price high, and low in time ( 1H,24h7d),24volume, market cap and last 7 days chart. using this feature we can also predict the NFT market.

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Weekly Price Forcast For Crypto Coin:

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for this homework, I am going to using pair of BTC/USDTbecause as we all know the BTC just went to Heaven to hell and I am holding BTC so this is also another reason why I choose this pair.

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What to know about BTC:

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BTC was invented by Satoshi Nakamoto in January 2009 the identity of the person who created the technology of BTC is still a mystery, Dominance BTC 41.1% of the Cryptocurrency market map because of this the Bitcoin influence the total market, the current price of Bitcoin is39769.70 USD$ Market Cap $741,083,722,622, Max Supply 21,000,000, Market Cap Rank #1, All-Time High $64,804.72, All-Time Low $67.81.

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Why I have chosen BTC?:

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because all the people and the traders all we're talking about only BTC because BTC Crust more than 23 %and I am currently holding some of the Bitcoins because of this I have chosen BTC for this homework and another reason is everybody is heard of Bitcoin

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Technical Analysis- BTC/USDT Pair?:

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for this technical analysis, I am going to use tradingview.com it contains multi future and user friendly, the indicator we use is On Balance Volume (OBV) and MACD This is one of the first indicators used to basically trading analysis The On Balance Volume uses volume and price activity both data to tell us the total amount of money going in and out of the market.
in the below image we can see BTC price went up the OBV we also go up when it is BTC goes down OBV will go down this is the fundamental of OBV now we can get into technical analysis.

: Overlay the BTC chart with the ETH chart and the OVB indicator. As shown in the below image after overlaying both BTC and ETH chat we can see they both follow the same Trend this strategy involves both BTC and ETH market if for example
any one of both kinds break out the resistance or support lined and other like didn't follow means it will break out in near future.

as I explained above both coin follows the same trend so the BTC broke out the Resistance Zone signal line crosser MACD line and ETH also following the same Trend 12-period rise above 26 periods in zero line there is potentially a buy signal both On Balance Volume and Moving average convergence divergence indicators are showing the signs of buy signal it means the market is going to follow the uptrend for the next week and also resistance level is also broken out

• In the next one week low is 38500 to 40000 USDT.

• The next high is 47500 to 43500 USDT.

• Also, it could break out to 49000 USDT or for some unfortunate reason market reverses 30000 USDT

Thank you @stream4u

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