RE: Steemit Crypto Academy Contest / S20W5: Trading with Harmonic Patterns
| Criteria | Note |
|---|---|
| #steemexclusive | ✅ |
| Plagiarism Free | ✅ |
| AI Article | ✅ Original (Human Text!) |
| Bot Free | ✅ |
Comment/Recommendation
Question 1: Explain the Key Harmonic Patterns
Your explanation of the four harmonic patterns (Gartley, Bat, Crab, and Butterfly) was clear and detailed. The inclusion of Fibonacci levels and practical examples using Steem/USDT pairs was appreciated. However, organizing the patterns separately for easier readability would enhance the flow.
Question 2: Identifying Harmonic Patterns on a Steem Chart
You provided a solid example of identifying a bearish crab pattern on the Steem/USDT chart, explaining the D-point price movement well. It would be even better if more emphasis was placed on interpreting real price movements based on the pattern's completion.
Question 3: Applying Fibonacci to Harmonic Patterns
Your explanation of how Fibonacci retracement and extension levels are used in harmonic pattern analysis was insightful. The combination of both retracement and extension indicators demonstrated a good understanding, though a specific example with price data would enrich the analysis.
Question 4: Trading Strategies with Harmonic Patterns
The step-by-step strategy for entering and exiting trades using harmonic patterns was well done. The mention of risk management strategies added value. A more detailed example, such as one with exact entry and exit points, would strengthen the practical application.
Question 5: Current Market Analysis Using Harmonic Patterns
The bearish crab pattern analysis was clear, and your market forecast was coherent. Including an alternative scenario or more factors affecting the pattern’s accuracy would provide a more comprehensive analysis.
Overall, your article demonstrates a good understanding of harmonic patterns and their application to Steem/USDT trading. By including more detailed real-world examples, especially in the strategy and market analysis sections, your analysis could reach even greater depth.
Total | 8/10
Thank you for the review and grades. I try my best to share maximum details but I will try better than that next week.