The Steemit Crypto Academy Week 14 | Season 2 | - Homework Post for @stream4u

Reversal strategy can be defined as strategy used by the crypto asset to change from a bullish (price going down) and increases steadily from the point of the highest bullish.

It also can be understood to be a strategy in which when a price of a cryptocurrency asset enters the highest value (bearish), its price suddenly changes and its value will start to decrease.

Reverse strategy can also be referred to as Reversal of trend. It takes place when the direction of a stock experiences change which causes it to move back in the reverse direction.

An example is a trend going up reversing to a trend going down and a trend going down reversing to a trend going up. With the expression Reversal of Trend we mean, in Technical Analysis, that price movement that interrupts the main trend.

A trend is identified by a sequence of increasing (or decreasing) maximums and minimums: when the price creates an opposite sequence, we speak of a trend reversal. Identifying the moments of trend reversal is of fundamental importance in the trading activity.

Whenever there is a long bullish or bearish trend, there will be a time when the trend breaks; sometimes below the previous break point, when there is such change, then a trend reversal is imminently.

COINGECKO

inGecko provides an in-depth analysis of the cryptocurrency market. Instead of tracking and measuring coins and tokens by market cap or trade by transaction volume, CoinGecko tracks other key factors as well.

These include project code development and open source development, community development and other important events that affect its value.

With thousands of cryptocurrencies on the market and new currencies created every month, the CoinGecko team wants to help investors better understand the available altcoins by providing them with all the truth they can. Transparency and quality possible.

Coingecko was founded by TM lee and Bobby Ong in April 2014 and it was created with a mission of democratizing access to cryptocurrencies data and also equipping users to know more about a coin and how the market is.

Coingecko has a record of 6,000 different crypto assets that are tracked on their network from more than 400 exchanges worldwide.

coinGecko has more than 200,000,000+ monthly page views on their platformit has more than 10,000,000+ average monthly usersThe platform has more than 1,000,000 total apps download by their users and the app has an average rating of 4.8It has more than 10,000,000,000+ monthly API callsThe platform is an independent, a neutral and an unbiased crypto price chart platform.

@stream4u

HOW CAN COINGECKO BE USEFUL IN THE CRYTOCURRENCY MARKET?

Coingecko seeks to make information such as the Coin price, volume, market capital, exchanges to trade coins (with the official website), record highs and lows, it also gives a report monthly or yearly, and gives traders access to books (not free) and a lot of other services like podcasts , newsletters ,etc.

Cryptocurrency trading is usually based on the past behavior of an asset and the coingecko can cover this information gap. Also with the Coingecko, I know everything that may affect a token of my choice or not in real life (fundamental analysis).

With thousands of cryptocurrencies on the market and new cryptocurrencies created every month, CoinGecko staff hope to help investors better understand the altcoins available to them by providing as many transparent and qualitative facts as possible.

It is not enough to just consider the market value, because it can be easily manipulated. Five years after CoinGecko came out; data processing in the industry is still a major issue.

When Bitton Asset Management submitted its Bitcoin ETF proposal to the US Securities and Exchange Commission earlier this year, it included a study showing that up to 95% of the trading volume on cryptocurrency exchanges was fake.

FEATURES OF THE COINGECKO

In fact, the basic features of Coingecko are not very different from the CMC, Some if the features include:

1. COINS: Coin: Check the price of the coin, as shown in the image above, when I click on the image, it will show the exact same image as that image.

2.Exchanges: Track the list of exchanges and trading volumes, especially here to track real and non-virtual trading volumes, such as Coinmarketcap. Therefore, to know the actual transaction volume, check the diagram below

3.BEAM: This is the place to update the latest information directly from the project, when they have important announcements, you can see here

4.Trend: The trend is the biggest winner and biggest loser, adding new coin

5.The platform shows top NFTs market capitalization in the world, see the chart below

ANALYZING DOGECOIN

The Dogecoin is a coin that has a bright future and this coin is being adopted very quickly. One thing that makes this coin even more popular and promising is the fact that billionaire Entrepreneur, Elon Musk, has a keen interest in this coin as seen on recent news and so this coin has a potential to be the next gem in the cryptocurrency world.

The available supply of dogecoin is also reducing and so that means there is regulation going on and even though the coin experienced a bearish trend in the past couple of weeks, it is sure to be a great investment in the nearest future.

TECHNICAL ANALYSIS OF DOGECOIN

Technical analysis is the use of the market history of a particular asset to predict the future performance of that asset. In this case we are going to be analyzing the performance of dogecoin for the next 1 week using the MACD indicator.

Looking at the chart below and analysing the MACD line and the signal line, and checking the successive crossovers above the signal line, as it moves from a lower high to another high of greater value.

Whenever this happens, it is most certainly followed by a bullish trend and going by the divergence of both EMA lines( MACD line and the signal line), it means there is going to be a trend reversal at some point in the week , that is, a bullish trend .