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RE: Steemit Crypto Academy Season 3| week4: Trading the Dynamic Support and Resistance| Homework task for @cryptokraze
Dear @yohan2on
Thank you for participating in Steemit Crypto Academy Season 03 and making efforts to complete the homework task. You got 8/10 Grade Points according to the following Scale;
Criteria | Grade Points |
---|---|
Presentation Style | 1.5/2 |
Content Quality & Originality | 2/2 |
Understanding of Strategy | 3.5/4 |
Practical Approach | 1/2 |
![Crypto_Academy_3.png](https://steemitimages.com/640x0/https://cdn.steemitimages.com/DQmNU8QfpfkEyoDPfnhD24JJAZ1sG9VQyqa4bGxAtA6kUWY/Crypto_Academy_3.png)
Key Notes:
- Your homework presentation style is very good and you can improve it further by adding custom dividers to separate different parts of the task and keeping your text alignment justified.
- In question no 03, while explaining the Trade criteria for Buy orders, your 1st order marking is bit early. We need price above both EMA while in this order case, price is just crossing the EMA and it is a doggy setup because price can just snap back easily and goes in consolidation. Your sell orders markings are spot on.
*.You have shown good understanding of the strategy by making good charts for different elements of the strategy. - In the last question, I wanted to see if students picked this strategy. You have placed the trades but you could have placed your Buy on BTC/USD a bit earlier on 2nd of 3rd retest of EMA. Your 2nd trade is a bit doggy because the price was in consolidation and moving up and down side of both EMAs. It finally went your way but I would not have take that trade because of the earlier consolidation.
We appreciate your efforts in Crypto academy and look forward for your next homework tasks.
Regards
@cryptokraze