Hello steemit

How are you all? I hope everyone is fine and doing good. Today I’m going to continue the home work in this community with the home work of @stream4 so lets start doing the home.

Technical Details On Reverse Strategy

The term reverse strategy can be understood by its name, “reverse” meaning its talking about the trend of the market, when the market trend is in bad run and is not getting stable and is continue to run bullish then Reverse strategy will be applied. Now we have to understand what actually is reverse strategy, basically It is a technical analysis of current market situation ie bad run before deciding on investing in that condition to see wether it will give profit or not.

How reverse strategy works?

So lets understand the reverse strategy with a example scenario. Lets say the market is in bad condition and is going down and up and you are the trader in market and you don’t know about the reverse strategy, what you do is you invested in one coin when it was about to rise but what you experience is it is moving further down instead of going up which results in loss for you, that was the example pf a person who doesn’t know about the reverse strategy.
Now comes a person who knows about the reverse strategy, when market goes up and down. The person will wait to understand the market then person will use reverse strategy, he will use technical chart to understand the market. He will wait 24 hr to see the coin price behaviour, its 24 hour high, low, Market Cap then further decide to wether to invest in it or not.
Basically the reverse strategy will enable the trader to see the technical chart of the coin or market of 1 day to understand it because investing in its unstable condition can result in losses.

Below is the screen shot which shows the reverse strategy on steem/Usdt. I explored it on trading view which shows the bearish reversal and bullish reversal. The graph from the red to green represent the bullish reversal while the graph from green to red represent the bearish reversal.

Review Of COINGECKO

What Is A COINGECKO?

Basically Coingecko is a platform invented by TM Lee and Bobby Ong in 2014 which can be used to keep a tab on the crypto currencies which includes various info about it. The various info includes market cap, 24 Hour Trading Vol, 24h Low / 24h High, Circulating Supply,Fully Diluted Valuation, Max Supply and many more. A user can get detailed info using coingecko website to analyse, see the current value of an asset, its 24 high and low and many other things for different reasons.

After visiting the website of coingecko we will will this page, this page show the number of coins currently trading on total number of exchanges.

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

Coingecko is helpful for all who are involved in crypto like it helps the trader to see the current value of the asset, its 24 hr highest value. A trader can easily see its price of last 7 days and even year. He can even see its graph, even from first day and then he can decide wether to invest in that coin or not based on the performance of an asset. A trader can see the ranking of an asset bh market capitalisation which shows its performance in the market. A trader can further see the graph of asset based on trading view and market cap. In short if a person want to invest in any coin then ge will find more than enough info on coin gecko to decide wether to invest in that coin or not.

Explore COINGECKO features with information.

Categories

One of the good feature of coingecko is categorie which can be found at the starting page which classify the coins into exchange based, Decentralized finance, Centralized Exchange token, Binance smart chain ecosystem, Automated Market Maker and many other. Now that category further mentions the top coins in their section with 1hr, 24hr and 7d price value increase and drop percent. It further mentions the market Capitalization, 24h volume and their ranking based on market Capitalization.

Exchanges

Another one of the main feature of coingecko is exchanges which can be accessed using the menu on coingecko website. Selecting exchange will give options like spot, Dex, Derivatives. Why the exchanges are important because there are many scams who loot people in the name of exchange by giving good value to any asset. Choosing exchange from coingecko will be trusted. Exchange like spot offers spot services while DEX is decentralized exchange and derivative is the exchange that offers contract trading.

Recently Added Coins

We can easily check the recently add coins on coingecko and know the further about them through the features of coingecko.

Developer

There is another greater feature on coingecko in which we can see the contributions made by the developers to make better project.

This can be accessed from high volume under coin from which we have to choose developers.

Currency Preferences

Another good feature in coingecko is currency preference in which we can choose whatever currency we want, which make feasibe for us to see the price. It is feasible in a way we don’t have to made calculations from usd to the preferred currency.

It can be accessed by choosing the currency by clicking the green dropdown like I chose pkr pf pakistan to understand the proce in pkr.

Weekly Price Forcast and technical analysis For Crypto Coin: ETH/USDT

I have selected the ETH/USDT and i will try to explain the weekly price forcast for crypto coin. Eth hit the highest 4372 in this month after that it is going down continuously and I think it will continue the trend and will go further down in coming week may be less that 2200 as currently it is at 2369

Reason for selecting ETH

I have selected eth because of its decentralized open ended platform. It is one of the most popular coin and due to its good growth in the previous years. I chose Eth because I think it is good investment and its future growth potential.

Conclusion

I will conclude this homework with this, I learnt alot from lecture and home work about reverse strategy and when to use it. I learnt about the coingecko, its features and when to use it. I found the coingecko important before investing in any coin after that I will say with every passing week, I’m learning alot about price pridiction about the coins.

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That’s all from my homework. This post is plagiarism free and the pics used in this article are my own screenshots. I hope I have explained properly. Thank-you

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SPECIAL MENTION

@stream4u
@yousafharoonkhan
@steemcurator01
@steemcurator02