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RE: Steemit Cryptoacademy Week 16 Homework Task Submitted To Professor @kouba01|Cryptocurrency Trading With Bollinger Bands| By @bukkyi4u
Hello @bukkyi4u,
Thank you for participating in the 8th Week Crypto Course in its second season and for your efforts to complete the suggested tasks, you deserve a 10/10 rating, according to the following scale:
| Originality | Compliance with topic | Consistency of method | Quality of analysis | Clarity of structure & language |
|---|---|---|---|---|
My review :
A very good job in which you have dealt with the subject of trading using the Bollinger Bands indicator in all its aspects in a clear manner and with some useful additions such as W-Bottom and M-Top signals. You have explained the M-Top signal very well and concerning W-Bottom I want to add that it is composed of 4 elements:
- A low first price will most of the time be under the lower band
- Another low must be at the level of the intermediate curve
- The last trough of the rebound should be above the lower band, this shows a drop in willingness to sell
- Finally, you have to wait until this last rebound exceeds the top of the W to enter the breakout
Thanks again for your effort, and we look forward to reading your next work.
Sincerely,@kouba01
Thank you professor @kouba01 for taking your time to review my work. I earnestly look forward to participating in your next assignment. Meanwhile, thank you for the additional information on W-bottoms.