You are viewing a single comment's thread from:

RE: Steemit Crypto Academy Season 3 Week 3:-Break Retest Break (BRB) Strategy to Trade Continuation

Dear @amar15

Thank you for participating in Steemit Crypto Academy Season 03 and making efforts to complete the homework task. You got 7/10 Grade Points according to the following Scale;

CriteriaGrade Points
Presentation Style1.5/2
Content Quality1.5/2
Originality1.5/2
Relevance with Topic1.5/2
Practical Approach1/2

Crypto_Academy_3.png

Key Notes:

  • You can improve your presentation style by keeping text alignment justified and adding custom dividers to separate different parts of the task. You should add your steemit username on the charts.
  • In question no 01, Your chart marking is wrong for BRB setup for Buy position because there is no significant resistance level on the charts that your are marking as resistance that is being broken and giving BRB setup.
  • In the last question, I wanted to see if students picked this strategy. Your 2nd trade is bit early and you should have waited for setup at lower support that was significant.

Crypto_Academy_3.png

We appreciate your efforts in Crypto academy and look forward for your next homework tasks.

Regards
@cryptokraze

Sort:  

Thank you for your review, Professor @cryptokraze,
I will surely work on my presentation skill and will back to with a better presentation.

Yes, you are right it is not a perfect BRB though it retested the resistance 2 times and created a double top pattern then came down but double bottom on the resisance level is also part of price action.

In my second trade, it was a shorting opportunity and my sl got hit. I took the entry as soon as the price crosses the previous swing low the breakout one.