Steemit Crypto Academy Contest / S20W3 [SUMMARY] : Trading Steem with Fractals and Multi-Timeframe Strategies
Introduction
Hello Steemians,
Welcome to the third week of the Steemit Crypto Academy's Trading STEEM with Fractals and Multi-Timeframe Strategies competition, part of the Steemit Engagement Challenge (SEC) Season 20. From September 23 to 29, 2024, we explored advanced technical analysis methods that provided participants with the opportunity to delve deeper into market dynamics and develop a comprehensive understanding of fractals and multi-timeframe strategies.
The integration of fractal analysis, which identifies recurring patterns that signify turning points in the market, with multi-timeframe strategies allowed our contestants to approach market analysis from a unique perspective. These methods, when used together, can improve a trader's ability to determine optimal entry and exit points, manage risks, and maximize returns.
Our participants not only showcased an impressive grasp of these concepts but also applied them creatively in the analysis of STEEM’s price movements. Their entries demonstrated analytical rigor, strategic thinking, and a commitment to continuous learning—core values that the Steemit Crypto Academy seeks to nurture.
In this report, we will highlight key aspects of this week’s competition, present the most innovative ideas shared by participants, and reflect on the overall quality of submissions.
Participation Statistics
This week, we are pleased to report a total of 11 valid entries—a sign of growing interest and engagement in the crypto trading community. Importantly, no entries were invalid or flagged for plagiarism, which speaks to the integrity and dedication of our participants.
Here is the detailed breakdown:
| Total number of entries | Invalid entry | Plagiarized content |
|---|---|---|
| 11 | 0 | 0 |
The absence of invalid or plagiarized submissions is commendable, demonstrating the participants’ commitment to producing original, high-quality content. We believe this reflects a collective understanding of the importance of academic integrity and the need for thoughtful, well-researched submissions.
Performance Evaluation
The overall quality of the submissions was excellent this week, with several participants standing out for their in-depth analysis and application of complex trading strategies. Here’s the distribution of performance ratings:
- Excellent (27.27%): 3 posts delivered outstanding content, showcasing both theoretical understanding and practical application of the concepts.
- Good (63.63%): 7 posts exhibited a solid grasp of fractals and multi-timeframe strategies, with room for further refinement and innovation.
- Acceptable (9.09%): 1 post, while meeting the minimum requirements, could benefit from a more detailed approach and deeper insights.
The quality of submissions has consistently improved, and we’re delighted to see participants stepping up their game week after week. The excellent-rated entries demonstrated a sophisticated use of fractal patterns and multi-timeframe analysis to develop informed trading strategies. These participants exemplified the potential of using advanced tools to better navigate the complexities of the STEEM market.
The performance distribution shows that the majority of participants are producing strong, well-structured submissions. However, encouraging even deeper exploration of the concepts will help elevate the 'Good' category to 'Excellent' in future contests. Participants are encouraged to not only apply the theories but also to offer critical reflections on their strategies, discussing potential risks, alternate scenarios, and optimization techniques.
Top 5 Contributors
Each week, we recognize participants who stood out with exceptional submissions. These users not only demonstrated technical proficiency but also brought creativity and innovation to their analysis. Here are the top 5 performers this week:
| Ranking | Username | Article | Score |
|---|---|---|---|
| 1 | @stream4u | Link | 9/10 |
| 2 | @mohammadfaisal | Link | 9/10 |
| 3 | @aneukpineung78 | Link | 9/10 |
| 4 | @simonnwigwe | Link | 8.75/10 |
| 5 | @shabbir86 | Link | 8.75/10 |
These participants excelled in their ability to identify market opportunities using fractals and successfully implemented multi-timeframe strategies to optimize their trading decisions. Notably, @stream4u, @mohammadfaisal, and @aneukpineung78 each achieved a score of 9/10, standing out for their detailed analysis and practical applications.
We encourage all participants to review these top submissions as examples of what can be achieved with dedication and a deep understanding of trading strategies.
Conclusion
The third week of Season 20 has been a remarkable one, filled with creativity, in-depth analysis, and meaningful contributions to the crypto trading community. Each participant brought their unique perspective to the competition, enriching the conversation around advanced trading strategies and encouraging thoughtful engagement with the complexities of the market.
Moving forward, we aim to foster even greater innovation and critical thinking, while continuing to uphold the standards of originality and thoroughness that define the Steemit Crypto Academy.
We extend our heartfelt thanks to all participants for their efforts this week and look forward to seeing even more outstanding work in the upcoming challenges.
Stay tuned for more exciting competitions!
Thank you.
Congratulations to all. @mohammadfaisal, @aneukpineung78, @simonnwigwe, @shabbir86
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Congratulations to all the winners @shabbir86, @stream4u, @simonnwigwe and @aneukpineung78 for the best performance.
@stream4u
@mohammadfaisal @aneukpineung78
@simonnwigwe
Congratulations all winners💐💐💐