Steemit Crypto Academy Contest / S20W5 [SUMMARY] :Trading with Harmonic Patterns
Introduction
Hello Steemians,
Welcome to the fifth week of the "Trading with Harmonic Patterns" contest of the Steemit Crypto Academy, part of the Steemit Engagement Challenge (SEC) Season 20. From October 7 to October 13, 2024, we delved into the intricate world of harmonic patterns, providing participants with the opportunity to explore advanced charting techniques and refine their trading strategies.
Harmonic patterns are complex structures that predict potential price movements by identifying specific and consecutive Fibonacci ratios in the markets. By mastering these patterns, traders can anticipate future market behavior and make more informed trading decisions. This week, participants were encouraged to apply harmonic patterns to the STEEM market, analyzing price movements to identify patterns like the Gartley, Bat, or Butterfly, among others.
Our participants showcased impressive analytical skills and a deep understanding of harmonic patterns. Their entries reflected a strong commitment to learning and applying advanced trading concepts, embodying the core values of the Steemit Crypto Academy.
In this report, we will highlight key aspects of this week's contest, present the most innovative ideas shared by participants, and reflect on the overall quality of the submissions.
Participation Statistics
This week, we are pleased to report a total of 6 valid entries, indicating sustained 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 Entries | Plagiarized Content |
|---|---|---|
| 6 | 0 | 0 |
The absence of invalid or plagiarized submissions is commendable, demonstrating the participants’ commitment to producing original, high-quality content. 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 strong this week, with participants demonstrating a solid grasp of harmonic patterns and their application in trading STEEM. Here's the distribution of performance ratings:
- Excellent (16.67%): 1 post delivered outstanding content, showcasing both theoretical understanding and practical application of harmonic patterns.
- Good (83.33%): 5 posts exhibited a solid understanding of the concepts, with clear analyses and thoughtful reflections.
- Acceptable (0%): No posts fell into this category.
- Invalid (0%): No entries were invalid or off-topic.
The entries rated Excellent stood out for their depth of analysis and the practical application of harmonic patterns in trading strategies. Participants in the Good category provided comprehensive analyses but could benefit from deeper exploration or additional insights to reach the excellent standard.
The performance distribution indicates that while the majority of participants are producing good-quality submissions, there is room for further improvement. Encouraging participants to delve deeper into the intricacies of harmonic patterns and to provide more detailed analyses will help elevate their work to the excellent level.
Top 5 Contributors
We would like to recognize the participants who delivered exceptional submissions this week. These users demonstrated technical proficiency, creativity, and innovation in their analyses. Here are the top performers:
| Ranking | Username | Article | Score |
|---|---|---|---|
| 1 | @mohammadfaisal | Link | 9/10 |
| 2 | @mostofajaman | Link | 8.5/10 |
| 3 | @hamzayousafzai | Link | 8.5/10 |
| 4 | @ashkhan | Link | 8/10 |
| 5 | @max-pro | Link | 7.5/10 |
@mohammadfaisal achieved the highest score this week with 9/10, standing out for his detailed analysis and effective application of harmonic patterns in trading STEEM. His submission demonstrated a high level of understanding and practical insight, serving as an excellent example for others.
We encourage all participants to review these top submissions to gain insights into how to enhance their analyses and presentations in future contests.
Conclusion
The fifth week of Season 20 has been enriching, filled with insightful analyses and significant contributions to the crypto trading community. Participants embraced the challenge of trading with harmonic patterns, demonstrating their dedication to mastering advanced trading concepts.
As we move forward, we aim to foster even greater innovation and critical thinking, encouraging participants to delve deeper into complex trading strategies and enhance the quality of their submissions.
We extend our heartfelt thanks to all participants for their efforts this week and look forward to witnessing more outstanding work in the upcoming challenges.
Stay tuned for more exciting competitions!
Thank you for so much for this honor. Congratulations to @mohammadfaisal @hamzayousafzai @mostofajaman @max-pro. This was a tough competition. Best of luck for next week.
thank you so much .
Thanks for selecting me
congratulations to all the winners 😍
congratulations to all winners 🫶
@mohammadfaisal @hamzayousafzai @ashkhan @max-pro
CONGRATULATIONS TO WINNERS We had a lot of competition this year and it was great.
Thank you.