RE: Trading Crypto with Keltner Channels - Crypto Academy / S5W6 - Homework Post for @fredquantum

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Trading Crypto with Keltner Channels - Crypto Academy / S5W6 - Homework Post for @fredquantum

in hive-108451 •  3 years ago 
Dear @bassamjamal. Thanks for attending the Steemit Crypto Academy Season 5 Week 6. Let's take a look at the breakdown of your performance below.

Grading Basis Score
Content Structure 1/2
Originality 1/1.5
Clarity of Language, Understanding of the Context 1/2
Compliance with the Topic 1/1.5
Quality of Analysis 0.5/2
#club5050 1/1
Total 5.5/10

Feedback/Suggestions

  • Your effort on this average. You should improve on proper analysis of your answers instead of shallow responses.

  • Your explanation of Keltner Channels is quite good.

  • In question 2, you are expected to explain the settings such as the length and others associated with the components of Keltner Channels.

  • Well done on your calculation, you can also explore the theoretical side of how EMA and ATR are calculated outside Keltner Channels.

  • Your charts on trend confirmation, dynamic support/resistance and breakouts is quite good.

  • Your breakouts has some inconsistencies.

C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iNz7gbmN27U7qPBtwGCw1eW5Jb8Vom42xQvbbb5GzmdiXtcJUCYwnPVnYLnfkM5vKbNrZ3qrrYN.png

The entry above is too early, you should have waited for a clear resistance at the middle line (EMA) and make an entry after 2 or 3 candlesticks confirmation.

  • That said, your first two buy trades are wrong, likewise, the sell trades are wrong, as you have taken a bullish breakout to even place a sell trade.

  • Overall, average content. Thank you.

Total| 5.5/10

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