Hello Steemians,

This is my homework task for The Steemit Crypto Academy Season 2 Week 6 by professor @stream4u and this week's topic is the reverse strategy and reviews of Coingecko.

---

Technical Details On Reverse Strategy

---

This wording reverse strategy has been introduced by crypto professor and this is new for me however the method that he has explained might be known for some people but for me, that was also new so I am going to talk about what I understood through this learning lesson and how it works.

As this word suggests that with this strategy we are going to do something against the wave that means whenever prices are going down then we will be going opposite of this action to take the advantage of the situation and the same applies when prices are going up. It works in both bearish and bullish however there should be a change in price for over 20% and also period need to be 24 hours to apply this strategy.

Here in this chart, I have shown the reverse strategy in bullish and bearish both. As far as I understand this strategy then I can say that its a good way to grab the opportunity after a big drop or increase in price provides we use stop loss because if something goes wrong then we can limit the loss and its an important part.

---

Review Of CoinGecko

---

1- What is a Coingecko ?

Coingecko is a website that provides everything about coins, project information, community, price movement at various intervals, and much more. This is a website that I use almost every day and its been over a year since I have been using this website. Earlier I used to access the coinmarketcap website but now I find coingecko a better portal that shows the information in a better way. As a user I would always want to have an easy thing and better to understand so I this portal since it offers things in the same manner that makes it easy to understand.

I don't know if there is another portal other than this that can offer this kind of information for various crypto coins including decentralize finance and NFT but for me, this one is great and I am a big-time fan of this portal.

2- How Coingecko Can Be Helpful for you in a Crypto Market?

It is very useful and helpful for me because it helps me to understand various aspects of any coin including market cap, volume, circulation, price movement, and history, charts, market pairs, exchange, and much more. I use this website in a way that before buying any coin I have a look at coingecko to see how things are going with that particular coin. Total supply and trading volume across the exchanges is very important that I can get to know here easily. I also use the android app that I can access on the go and even I am not using the PC. Basically, in simple words, I can say that coingecko is great to help all the time when it comes to crypto because it has everything that I need about any coin.

3- Explore COINGECKO features with information?

There are so many features and options that this portal provides. We use almost all common features so I am going to share some features that may be many of you might not using or may not be aware of.

Portfolios- I have started portfolio option with coingecko for the last few months and its an easy to see how the prices are moving. This is very easy to use and I have added my recent purchase with a portfolio with the amount and quantity and that's it. Now every time I go on the portfolio I can see how it is doing whether it is in profit or in the loss and what amount is part of profit and loss in the dashboard. Here I am sharing a part of my coingecko portfolio.

You can add or make change anything and it does not take a minute so don't worry about time.

My Candies- I have started using this option recently and earned some free candies which I can redeem for some nice stuff on the platform.

You can claim your free candies once in a day and there is also an option to redeem these candies for some interesting reward which is already available and it's up to you how many candies you accumulate in total.

Sometimes I miss it because I recently started doing it so when I visit the website first you in the morning when I try to claim it. It's like you get something for free when you already visit the website so I think it's a good option that everyone should go far if you are a user of this website.

Resources- whenever you have some free time I would recommend you to visit this section on the website because here you will get a lot of information that can make you learn about various stuff that can help you earn some nice returns on your crypto.

These days people prefer to have passive earning on the investment and this is where are you will get the information of various platforms and returns they are offering and also you get the option to compare with multiple platforms at the same time.

store- there is also a store available on the website which you can visit if you like to buy books about bitcoin and Defi and you can even buy a Coingecko swag pack. This is also started recently so there are not many options available however maybe later they will be many more steps available to buy so as of now these are the only options which you can go for if you have an interest.

so I have tried to share some of the features which many people might not aware of otherwise the common ones we already use and its not much helpful to share those.

---

Weekly Price Forcast For Crypto Coin: SBD

1- Basic information on SBD-
Steem dollar is another coin by steem that we get as part of the reward if we post with 50% reward option. This coin has performed significantly in the last few month and even in the last few days however its in a high dip right so it could be because of correction.

2- Reason why you would like to predict the selected Coin?

I choose SBD to predict the price because this is one of my favourite coins and just two days back it has gone more than 15$ price and now its trading at $5.55 which has shown the correction of 65% approx.

3- Coin Analysis

I analyzed this fine whereas it has gone all the way high to the price of 15 USDT and I expect that it will hit that mark again. Correction is part of the market and its has got a big correction so I am expecting a jump with the price soon.

4- Possible low level and the high level for the next 1 week?
Its has already come down by 65% so if I need to predict one week low and high then it seems it might go to 4.5$ on the lower side and the higher side it can make a just to cross the price mark of $7. that will show the rise o 15-20% which is quite possible.

---

Conclusion

This lesson I learned that I never heard before and is known as a reverse strategy which is introduced by the crypto professor himself. There are many things in the crypto world which we can learn. This learning is not just helping us enhance our knowledge but also making our trading better and this is another option that we can use when there big price fluctuation in the market.

Thank you so much to the professor for sharing this wonderful piece of information and every week I get an opportunity to learn something new and that's the best part about this fantastic initiative.

Thank you so much @stream4u

images are used from coingecko website