Thank you Prof. @imagen for the lectures am really getting enlightened by it.

Lectures this week has been on Trading Price Patterns which are necessary for predictions in the crypto market. In response to the task question:

TASK 1: Perform the staking on a platform of your choice.

Staking has being a means of making passive income especially during this period of volatility in the cryptocurrency market. Fundamentally, I have been introduced and interacted with several staking platforms but there is one that has been outstanding to me: Pancakebunny staking platform. It is yield aggregator on the Binance Smart Chain which allow users to stake tokens, provide liquidity and earn both cake and bunny token likewise.

I choosed Pancakebunny for some reasons:

• Its secured (I have been staking for some months now even though they had an attack recently)
• Low transaction fees
• High APY, good returns

Here is how you can stake token on Pancakebunny:

For my staking i would be using Trust wallet, first because it is tasted and trusted, have not had any security in recent times and above all it has in it dapps and a web 3.0 browser.

• First step is to download, install and set up trust wallet

• Locate your Dapps
• Connect to Pancakebunny site using web3.0 browser

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• Connect with trust wallet, approve and stake your tokens (we are staking Cake token to get cake and bunny token). Rewards can be claimed at anytime.

According to analysis and with the current APY of 105.20% (Cake @69.47% and bunny @35.72%), (according to the time of this write-up), a stake of 250 cake token if the APY remains the same would produce approximately this:

• Cake token mined daily = 0.25
  365 days (1 year) = 365x0.25 = 91.25 cake tokens. In USD 91.25x13.05 = 1,188.075 USD

• Bunny token mined daily = 0.115
  365 days (1 year) = 365x0.0115 = 41.975 bunny tokens. In USD 41.975x17.09 = 716.09 USD

• Sum total = 1,904.165 USD

TASK 2: Pick 3 cryptocurrencies and perform a 7-day and 30-day technical analysis. Draw trend lines and describe whether the coins are in a continuation or reversal pattern.

The 3 cryptocurrencies selected are BTC, ETH and ADA tokens respectively.

• 7 days Analysis on BTC

From the graph above, we could deduce that at point X, there is a continuous upward trend followed by a price reversal and downwards, meaning that the was a selling pressure towards the end of point X. Support at point X could not hold long enough so we experience a upward trend and more token purchase at this point. At point Z, we observed a severe downward trend, more selling pressure followed by few price reversal towards and further downwards.
The graph also indicates that there are double tops due to a failed attempt on breaking through the resistance level.

• BTC 30 days Analysis

The graph can inform us of the continuous upward trend meaning more buying pressure, a very sharp price reversal and then a more severe selling pressure forcing the trend downwards.

• ETH 7 days Analysis

From the graph we can deduce that the buying pressure was quite high causing an upward movement in price, followed by a price reversal and severe selling pressure causing a downward movement. we also experience a price reversal towards to upside and followed by a downward trend @ point Y.

• ETH 30 days Analysis

The candles are displaying a strong buying pressure after cross over the support line causing an upward trend followed by a sharp price reversal and then a selling pressure resulting in a downward trend.

• Ada 7 days Analysis

The clearly shows an upward trend after a price reversal which deplicts a buying pressure followed by a harsh selling pressure, causing the price to move downwards, another price reversal and an attemp to break through support levels but was followed a continuous downward trend, another price reversal but could not break through which resulted in another selling pressure forcing the price downwards.

The graph further shows a double bottom chart after several attempts to break through support levels causing a trend reversal.

• 30 days Ada Analysis

The buying pressure was high at point Z causing an upward movement in price, followed by a price reversal breaking resistance level and forcing prices towards the upward direction, followed by a selling pressure forcing prices downwards.

TASK 3: How can we differentiate a bearish season from a bullish season in the market?

• Bearish Vs Bullish Seasons
  These are terms often used to describe a period of rise and fall in the market price of cryptocurrencies. A bull market represent a period when everything is favorable and their is a considerable increase or rise in the price of cryptocurrencies, at this periods some token visits there All Time Highs in prices (ATH). Many investors sees this market seasons as a time to sell off tokens while the greedy investors still holds waiting for the next ATHs. It is not usually a period to buy tokens as believed by many investors. It is usually referred to an uptrend movement in prices and many believe it will remain so. It is always a tempting period for investors.

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Bearish season in cryptocurrency market represent a period where prices of cryptocurrencies gradually reduces in price maybe due to many factors such as social media, cyber attack or even price correction. It can also be referred to a downtrend in cryptocurrency prices. At this period, as many would say "buy the dip", it is seen as a time to gather as many valuable tokens as possible at a cheap rate, care must be taken with this practice as the dip could get dipper.

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Conclusion
The lectures has been very educating, during this period however, one of the viable methods of generating value from cryptocurrency is yield farming or staking as it is called. Pancakeswap, etc are viable platforms where you can actually do most of this activities. It is good to take advantage of the high APYs for better returns. Remember to always do your own research.

THANK YOU.