INTRODUCTION
Greetings to everyone @steemitcryptoacademy. It's a pleasure taking part in this wonderful lecture from an erudite professor @stream4u.
To be honest, I was lost when initially saw that reverse strategy, but I became more proud of myself when I was done going through the lecture notes carefully. With that confidence, I want to share what I have learnt by taking part in this assignment.

REVERSE STRATEGY
This simply implies the act of doing something from the opposite of what it should be. Example, assuming the normal process of doing a thing is from the front to the back, then the reverse should be from back to the front.Hence, reverse strategy in this context is a strategy that is a Reverse strategy in this case is a strategy that is applied in a situation when technical analysis is used trading in the cryptocurrency market.The wonder of this strategy is that it offers an ample opportunity for a trader to curtail lost and maximize profits with respect to current bullish or bearish market.This will also, in advance give a trader required information on when it is safe enough to make purchases.

HOW DOES REVERSE STRATEGY WORKS

Let's take for instance, In a situation when a trader finds out that a market is on its bullish or bearish trend. Then it is adviseable that the trader maintains his cool, calm down and patiently study the market behavior carefully to ascertain if or not the market would reverse completely, then he can make his decision.
Considering the mentality of an average trader, we all pray and wait to hear that there is a slightest shift of the market towards the bearing, and we would immediately jump in to start making investment with believe that the market would sooner than later take a U-turn in the bullish trend, so that we can buy at cheaper rate and make profit when it turns bullish.
But on the contrary, reverse is always the case, especially in the crypto world where a minute can change.There are are always some cases where a market sustain in the bearish state for a very long period of time, therefore, a trader that invested in the market when it was slightly bearish is already at lost. In this situation, the knowledge of reverse strategy becomes Paramount. Though lost should be expected, but nobody ever ventures into a business to make lost.
Use of technical analysis to read the chart, making use of REVERSAL STRATEGY.The application of this strategy is pertinent to carefully and immensely make an investment plan.
In a situation when a saddled bullish or bearish run is discovered in the market, it is wise to observe the market for a minimum of 24 hours before making choice on trading.What this simply means is that a trader should not always be in hurry to make investing into the market but should atleast make a good study of the market within a time frame of 24hrs (a day). Atleast by this time, there is every possibility that the asset price had will rise above or sink below +20% or -20% respectively.
At this point, the trader must consider the following.... the opening & closing price of the day, the high & low points at the end of the day.
Reverse strategy functions effectively with respect to the opening and closing price of the following day. Anytime we take note of a tarried bearish market, and we finds out that the closeness of the opening price of the new day to the closing price of the recent day is very obvious, this becomes the best time to buy into the trade.Then, after you might have bought into the trade, the next good move is to mark your stop lost at the lowest point and set your take profit at the highest point. So, if it rises the formal high point, it dependent on your decision whether to hold, however, you can exit the trend at any time you want since it has crossed the high point.

STEEM/BTC CHART SHOWING REVERSE STRATEGY

REVIEW OF COIN GECKO
What is COIN GECKO?

CoinGecko is a platform thatwas founded by the (CEO) TM Lee and Bobby Ong (COO) in 2014 by TM Lee (CEO). His mission is to democratize the access of crypto information & empower users with actionable perception. It also provides users with deep crypto information through it's crypto currency reports, publication, newsletter etc.It is very effective in tracking digital currencies and supplying the required informations consumables to the users.The Coin gecko is currently enjoying the crown as the world's largest digital currency infor-collector having data of over 7000 cryptocurrencies been tracked over 470 exchanges.

How coin gecko can helpful for you in a crypto market ?
The Coin gecko supplies data on digital currencies, hence, the data supplied on a particular crypto currency will now be very helpful to a trader by serving as a guide in decision making etc. Some important informations like, the historical chart of digital currencies, the price, rank and common volume of currencies. All these and more features are obtainable at coingecko and are very vital for user consumption.

Some features of coingecko

The above screenshot is the home page of CoinGecko.com. At this home page, you can see data on digital cryptocurrencies and current price and rank.Follow the marker up to see the number of coins, axchanges and current market carp

Cryptocurrency prices by market cap

This shows the the list of several cryptocurrencies prices by its market carp.
Publication

You can follow the options you see in the publication to explore some other wonderful informations like crypto report, blog, how to DeFi, Podcast etc
Explore

Explore will give you the privilege to access all currencies individually and independently obtaining the required informatioms as shown in the image above unlike the way it is shown in the welcome page.

Portfolio

This comes with informatioms about your portfolios which are your total balance, portfolio change etc
![Screenshot_20210522-141916.png]

()Currencies

This aspect show the different currencies in the platform and you can also chose the one you by clicking the option

![Screenshot_20210522-141756.png]
()Recently added coins

This aspect bears the data about recently added coins alongside their prices and when they were added.

Category

The category talks about data base oncryptocurrency categories alongside exchange based tokens presently having the highest market cap.

WEEKLY PRICE FORECAST FOR STEEM.In this aspect, I'm using STEEM/BTC**

WHAT TO KNOW ABOUT STEEM

Steem is the groundlaying unit of account in the Steem blockchain. It was initially publishedas a whitepaper in the month of March 2016.Steem increases in supply upto 100% every year.Every other units like the Steem power and Steem dollars acquire their value from the steem value.Steem cryptocurrency can be used either to buy Steem dollars, Steem power or can be converted to Bitcoins.
Why I chose STEEMTo be honest, steem is the first cryptocurrency I've come to know and you don't really need to invest your physical money before you can get steem. But you can make a handful of steem by creating quality content from which you will be rewarded in steembank dollars.Though it's not listed among the top coins but I see future in steem

Technical analysis of STEEM/BTCI'm using technical analysis to predict the future price of STEEM/BTC pair

Base on the trend at this moment is noticed that the trend is at the support level at which i can predict that in the next one week that the will be rise on the trend.

CONCLUSION;
So far so good, I have been able to accomplish my assignment with the understanding I got from the wonderful professor @stream4u.The idea about that reverse strategy is just an eye opener and with the knowledge I have acquired so far, I can now be able to trade with consciousness

CC : @stream4u

#stream4u-s2week6 #cryptoacademy #steemitblog #nigeria #reversestrategy