Steemit Crypto Academy Contest / S14W4 [SUMMARY]: Fibonacci Retracements

We hope everyone is feeling great during this time of celebration, we have already completed the fourth week of season 14 of the Steemit Engagement Challenge and the 5th week of the challenge is already underway link. We greatly appreciate the support of all the participants who have been faithful during this week and invite you to join us in this fifth week of season 14.

During all this time we thank you for your faithfulness in making your posts in this community and we hope to give our best so that together we can achieve a better understanding in this cryptographic world to which we belong.

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Introduction

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This report aims to show the statistics of what happened in this fourth week of the challenge, the topic of which was "Fibonacci Retracements ".

We wanted to know the opinion of each of the participants regarding this indicator so important in the world of trading in general, this indicator is widely used in Forex, but it is also used in cryptocurrency trading.

It could be noticed that the main drawback of the participants was the precise location of the indicator on the chart of a given cryptocurrency pair, which is used in bullish or bearish trends to identify a pullback, giving a signal to the trader for a possible entry or exit from the market.

Good use of this indicator allows us to have possible support and resistance lines on the chart being studied or analysed.

Several participants made good participations and offered quality articles, their researches fulfilled what was requested. Other participants did an acceptable job, however, it is necessary to delve a little deeper into the topic.

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Statistics of the Participation

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In this week's challenge, 16 participants made their entries, one of the entries was invalid.

Valid Entries	Invalid Entries	Plagiarized Content
15	1	0

This can be further shown in the bar chart below.

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^{Task Distribution}

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The graph below shows that 63% of the entries were good, 19% of the entries were average, 12% of the entries were excellent and 6% were invalid.

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^{Overall Performance.}

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Top 3 Users

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For the selection process of the three best publications in our community, we took into account the following:

• Highly rated posting. Quality of performance.

• The quality of engagement interaction with other users.

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After doing a review of all entries received, the top 3 posts are:

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No	Autor	Link
1	@sahmie	Link
2	@casv	Link
3	@khursheedanwar	Link

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Conclusion

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The Fibonacci Retracements indicator is a tool used by traders to help them make decisions at crucial moments. This week the participants had the opportunity to learn about this indicator and its use. Sixteen entries were obtained and 15 of them were valid.

We wish every participant of this community success in the next challenges.