Crypto Academy Week 14 | Homework Post for [@stream4u]...Technical: Reverse Strategy | Crypto Prices & Market Source: Review Of COINGECKO

INTRODUCTION

Greetings to you all my lovely Steemians. Today Is a great day for me to discussed about my homework task that was given by our noble professor @stream4u on the topic: Technical: Reverse Strategy | Crypto Prices & Market Source: Review Of COINGECKO. In this post I have discussed the homework task according to the best of my understanding.

Technical Details On Reverse Strategy

The word "Reverse Strategy" is a strategy that is being use as a technical analysis of cryptocurrency to know when price retraces to previous Resistance turned support, and form a bullish or bearish. The technical details help us to understand when to wait for pullback before entering trade. If a trader is entering too early, he/she might enter exactly at the worst point, when the trend has retraces. In a nutshell Reverse Strategy, is a strategy that informs the trader and allow them to be in charge of their trading habits is the new strategy that is being used.

How does Reverse Strategy works?

If a trader seen that a crypto is in at the point of bullish or bearish, that trader will have to wait until it become reversal. In this case when a market become bearish, it means a buy order would soon be open as trader would begin to start buying, although a trader Investment can be delays when the price of one asset become bearish.

At this point the work of Reverse Strategy technical chart is being use to plan for good Investment each time a particular asset is bearish. For example when a market becomes bullish or bearish the trader would give a time interval of 24 hours that will allow the price of that particular asset to rise up to +20% an above on the chart. In a situation where the bearish becomes protracted the opening price after the intervals of 24hours might likely become the close price.

Most at the, when a trends stops, the market will also stops consolidating for sometimes before a new trend starts. Each times an uptrend end, a trader will see a loss of volume and stream, as well as lower high before the market would become high. This is usually common after the downside break of the 24hours interval that a traders can see the actual reversal that their are looking for.

Displaying Reverse Strategy on Dogecoin/BTC Pair

In this homework post, I displayed the Dogecoin/BTC pair on TradingView chart using my phone to know the reversal of the bullish and bearish reversals which displayed below.

Everything You Need To Know About CoinGecko

In this post, I'm going to discussed about CoinGecko features and available assets that will help keep you up to date in the world of crypto industry.

What Is A COINGECKO?

CoinGecko is a website and also a mobile app that traders used to get information regarding the performance of almost all the cryptocurrencies that is available. CoinGecko help displays trading volume, price fluctuations and price information using real time data over a periods of time starting from 1hour to 1 week,to as far back as the available information will be allow. In 2014 CoinGecko was founded by Bobby Ong and TM Lee and started operating the same year of which today is one of the go to sites for live crypto price listings. Also CoinGecko displays the contract addresses for crypto assets.

CoinGecko Landing Page

CoinGecko Landing page, display the top 100 trending cryptocurrencies. At the default, coins are display under the "market view", In "All Time High" tab, traders can view and see the price of crypto. Also there is a range of GitHub statistics that is under the "Developer view". At the top of the right hand side panel you will see "Social tab", which show the number of Telegram users, Facebook likes and also Reddit subscribers the project has. Finally, CoinGecko have 7326 coins and 471 exchanges that is available at the time of writing this report.

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

CoinGecko is very helpful in a Crypto Market in the following listed ways below.

• CoinGecko can be use to explore different exchanges and market.

• CoinGecko allow us to view the liquidity levels, price difference, arbitrage opportunities of different cryptocurrencies assets and slippage in one reliable space.

• CoinGecko also help us to know the volumes of any cryptocurrencies in the market and their historical chart which helps traders to know the performance in the market.

• CoinGecko help traders to me sound decisions from the ranking of the top 100 best cryptocurrencies, that they can invest on.

Explore COINGECKO features with information

Categories
At the CoinGecko landing page,one can click on Categories to get the details of cryptocurrencies according to their categories as shown from the screenshot below.

From the screenshot above you can see that some of the available categories on the list are; Exchange-based Tokens, Decentralized Finance, Centralized Exchange Tokens, Binance Smart Chain Ecosystem, Automated Market Maker, Stablecoins,Yield Farming and others.Each of the tokens have a details of it market Capitalization and also view of chart performance. At the Market Cap you will see 24hours volume, 7 days, change in 1hour, 24hours and the Market Capitalization.

Exchanges
This is a very nice feature in CoinGecko, where traders can see the list of different Crypto exchange that are listed on their Trust Score as shown from the screenshot below.

Exchange Spot

Like the DEX show a list of decentralized exchange, whereas Derivative shows a list of exchanges that supports contract trading and the Spot, has a support spot service. From the above screenshot you can see that Binance is listed first follow by Coinbase and it is attached with the Trust Score.

Recently Added Coins

Recently Added Coins is the feature in CoinGecko which allow traders to check on the coins that is recently added with more information like market Cap on CoinGecko.

Developer
Developer is one of the Vital features of CoinGecko where trader can find cryptocurrencies with the help of activities that was recently performed. The Developer details can be checked at the top with their development activities on CoinGecko.

The above screenshot shows Stellar and Vechain is toping in the Development Activity whereas in the Crypto Market their aren't. In this case the Development activity help us to find good crypto coins that we can invest on.

Cryptocurrency price by Market Cap
Cryptocurrency prices is listed according to the market capitalization which displayed the prices, trading volume of each cryptocurrency.

The Currency of choice can be selected by clicking on the drop-down to select a currency of choice and easily read each crypto prices in the new crypto that is selected.

Weekly Price Forcast For Crypto Dogecoin/BTC Pair

In this homework post, I have choosen Dogecoin/BTC as my crypto pairs, the reasons is that Dogecoin is fast becoming bullish among other assets.

Things you need to know about Dogecoin

Dogecoin is a cryptocurrency that was created as a joke but which eventually became well know as a more friendly, approachable alternative to Bitcoin (BTC). Dogecoin community has catapulted DOGE to cult status. Currently Dogecoin is mainly used as an entry point into the crypto industry.

Why I Have Chosen Dogecoin?

I choose Dogecoin because it is the fastest rising coin that is trending in the crypto industry, and also Dogecoin is one of the largest and most active communities in the cryptocurrency industry, which has come together to support a number of charitable organization and other projects. Here are other reasons that make me to chose Dogecoin below.

• Dogecoin cryptocurrency was designed to be a friendly, more approachable form of cryptocurrency that could reach users put off by the cold complexity of BTC.
• Dogecoin is one of the largest and most active communities in the cryptocurrency industry.

Technical Analysis - Dogecoin/BTC Pair

In this post, I make used of Dogecoin/BTC pair to carried out my analysis in predicting the high and low price in the next 1 week. At the time of writing this analysis the price of Dogecoin is $$0.3793.

As shown on the chart the market is Volatile maybe because of the news about cryptocurrencies, and with such a market like this I can't give accurate signals on shorter time frame like 1hours and 4hours charts. So for this reason let's just look at the prediction in the next 1week. The price of Dogecoin on Thursday, May, 20: will be $0.46, maximum $0.51 and at the end of the day price will become bullish to $0.48 dollars a coin. From Friday to Sunday the price of Dogecoin will be $0.43, maximum $0.45 and at the end of the day which is 23, May the price will be $0.45 dollars a coin.Monday, May, 24: minimum price $0.41, maximum $0.46 and at the end of the day price 0.43 dollars a coin. DOGE to BTC predictions on Tuesday, May, 25: minimum price $0.38, maximum $0.44 and at the end of the day price 0.42 dollars a coin. In 1 week time which is on Wednesday, May, 26: minimum price $0.43, maximum $0.51 at the end of the day the price will become $0.42 dollars a coin.