Hello
To all my steemian friends,How are you?I hope that you are all well and happy by the grace of God.I am also happy and enjoying good health.
Today am here for the Home work of the @steam4u .I have taken the lecture of the professor very carefully.This is very informative and interesting for all of the students.
Now we talk about the reverse strategy and about the Coingecko.Here the professor @steam4u described it very well.
(Reverse Strategy)
There are a lot of indecators in the crypto markets that plays an important role for mining and trading. The reverse strategy is one of them.It is phenomenon that use for thr detection for the Bullish and Bearish trends in the market of cryptocurrencies.It can also predict the increasing and decreasing trend of the crypto market.It works when the huge change (Bullish and Bearish) occurs in the crypto market trend And then it aplicable.
Here some technical details for the reverse strategy.
Technical Details
Working
In the technical details for the reverse strategy this is used in determkng the burish and bullish changes in assets in the market.So when we observe the charts of some cryptocurrencies there are come some long berish and bullish trends that may cause difficulty.So it suggests thecurrency to whenever they invest on which cryptocurrency.
If a chart presenting a bullish or berish trend then it saves the traders to the loss.Because it analysis the traders to Buy the assets in good rate and then sell the assets in the better rate.
If we combine it with the other indicators of the cryptocurrencies that it can be very fruitful and profitable for every trader or miner.
Graph
Here we talk about this by the help of the graph.
(It is edited by me)
I have got this screenshot from the web coinmarket.cap this is simply used for the cheking the rates of the all the cryptocurrencies.I label the bearish and the bullish trends here for we can easily know about that.
Coingecko
Coingecko is very essential for this lecture so here I describes it woth some basic details.
What is coingecko
As we know that this is a world of the digital currencies like the cryptocurrencies.And this is the volatile system.In this the prices changes in seconds.So there is a great need of keep an eye on the such cryptocurrencies.So there are a lot of sites for the presentations of the cryptocurrencies.The coingecko is one of them.
So here I simply open the coingecko.
(I edit this screenshot)
Here i siy search and click on the coingecko website and saw the options of the coin and exchanges.
In the coingecko we can know about the current price of the any cryptocurrency,token and the exaganges of the cryptocurrencies.It is bery special.
How COINGECKO Can Be Helpful for you in a Crypto Market?
The coingecko is very heplful in the trading and the minimg system so here some reasons that are following:
1-coin selection
It can helps a lot for the selcting the suitable coins for the traders.So thats way the traders take benifits from it.The selection for good coin os a first and basic step to make profit so coingecko is very helpful to select the good coin for miner.
2-Analysing Market Behavior
It can really help in the deteing the Market behavior of the coin or cryptocurrenvies and it can also tell us about the respected assets.
3-Show the price
It shows the price charts of the many cryptocurrencies.If we ever need to check out the price or value of any cryptocurrecy then we can use it for better results.
Features and information gor coingecko
Now i takl about the some features and the information gor the coingecko.
Lets start..
Price
In this website we can check the price of the different cryptocurrencies.
In this picture in mentined and label the price and in the under of this option there are the prices for the many cryptocurrencies.
Catagories
There are many specifications of this platform.
So under this (categories) option there are the catagorise for the crypto coins.
Exchanges
We can make possible tge exchanges in the coingecko platform.
Here a picture
After that we simply search and click the spot option amd here see the information.
Portfolio
Postfolio is really a very important function in the coingecko website.In the portfolio the users can select their interested coins and add them in their favourites.
So after that we simply click the portfolio option and then they require the Email login and ask the you are a robort? So we accses all these securities.
Lets see in picture.
Chose currency
We can chose the our interesting cryptocurrency there so..
When we click as this option the second page arise to us in which we can serch or select our demanded coin or cryptocurrency.
So here I can search any coin in the world.
Weekly Price Forcast For Crypto Coin.
According to the suggestion of the professor @steam4u we can select any crypto currency for the description.I chose the TRX because I have a little knowledge about that and I have some TRX in ny account.
What is TRX.?
If we talk about the TRX. The TRX is a native token and it is created by the justin sin in 2017.It is used now a days in the Tron which is really a very attrective and owesome decentralized pltform.So it is becoming popular very fast and in the steemit it is also given to us in the form of the votes.
So this is the token of the Tron whivh is used in the different platform for the connections.
Why TRX?
There is a question that is arises in our minds that why I selevted the TRX because this is the very unique and significant token in the world of the cryptocurrency. And I also have the TRX tokens in my wallet that I kept them in my Tronlink Wallet.
Technical Way
In the technical way i show here the screenshot of the price chart of the tron token in crypto currency.
As we see that the price of the TRX and the USD are 0.75555-0.00247 as they showing the reverse strategy.
So Now we see it in the current price.
Here the current price of the TRX and the USD is almost Show the equal trend but in the next week it show the uptrend.
Now look at the next picture.
Here it shows the uptrend in the next week.
Keeping in the view that the difference of the USD and TRX show the very interesting trend.
conclusion
This lecture let me know about Reverse Strategy.And know about the coingecoko.
The coingecko is very affective and good tool for trading in market.Because it gives us many amaizing features and many facilities.
The revese strategy is very useful for traders.And the tRX is really a very good token of the Tron.As the cryptocurrencies are more volitile thats way we can use the most working indecators and make the strategies like the reverse strategy so we can make more benifits from it.
Really a very great post dear brother. You have explained all the points well. Keep it up!
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Thanx
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Thank u bro
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Call me I have no bundle.
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Hi @numanfarooq7677
Thank you for joining The Steemit Crypto Academy Courses and participated in the Homework Task.
Your Homework Task verification has been done by @Stream4u, hope you have enjoyed and learned something new.
Thank You.
@stream4u
Crypto Professors : Steemit Crypto Academy
#affable
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Thanks a lot sir.
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