Hello professor and every one welcome to my 2nd homework post for week 14 of this great assignment/learning process that has been great any way lets dive into the homework and get this started.

WHAT IS REVERSE STRATEGY

This is the strategy that is done by doing the opposite of what the market is wanting you to do, in this case Reverse strategy in this case is a strategy used when using technical analysis to trade in the cryptocurrency market.This strategy enables a trader to maximize his profits from a current bullish or bearish market,giving the trader insight on when to buy into the trade.

How Reverse Strategy works

In a scene where a trader notices a market trending in a uptrend direction or downtrend direction, it is smart for the trader to be patient and study the market first before making decisions just to be certain if the market won't undergo a complete reversal.

In another scenario where a trader notices a bearish movement for a long time and the trader will want to buy because he thinks the market will go bullish soon soon.This night not go as expected as the market might keep going bearish thereby giving the trader losses on his investment.This is where the reverse strategy comes into play.

With the use of technical analysis to read the chart, this is when the reverse strategy is used to plan a almost perfect plan on an investment, when a very long bearish market or bullish market in a market is noticed,it is best to study the market for at least 24 hrs before trading.That is,the trader should not rush into the market and should wait at least a day to study the price behavior.In this time frame the price of the asset can increase above +40% or dip below -20%

When the above event happen then the trader should note the opening and closing of the day even in in a high and low points at the end of the day, the reverse strategy depends hugely on the closing and opening price of the coming day, if we as traders experience a very long bearish market, if the opening price or cost of the next day is very close to the closing price of the previous day, then it is a good time to buy into the trade After buying , it is best to set the lowest point as the stop loss and then set the highest point as the take profit. If crises the previous high point ,you can also decide to hold,but as it has crossed the high point , you can exit the trade at any time you want.

• BCH/BUSD CHART SHOWING REVERSE STRATEGY

I used a screenshot of the bch/busd pair chart on my binance exchange mobile app, I have marked out the bearish and bullish reversals using arrows.

Red arrows signifies the bearish reversal and the blue arrows signifies the bullish reversals.

This image above shows a good example of bullish reversal with arrows signifying stop loss set at low point and take profit set at high point.

Review of Coingecko
On this part of my post il be writing about coin gecko,how coingecko can be helpful to traders and then it's features.

Explain Coingecko
Coingekco was created with the aim of tracking crypto currencies and giving information about them. Coin gecko currently the world's largest digital currency data provider with information of over 7000+ cryptocurrencies being tracked across just over 470 exchanges.

How coingecko can helpful for crypto traders in a crypto market.

Coingecko provides information of crypto which can help so you can have access to the price of a particular crypto, you can also get the rank and current volume of the digital currency. The historical chart of the digital currency is also available and these information are important things to note before purchasing an asset.

Some features you will find Coingecko
When you get to the homepage of coingekco it gives information of cryptocurrency and thei tight price as of the day you check it At the top of the page,you'll also see the number of coins (7367),exchanges (473) and the current market cap.So in this part of my post,I'll be exploring different parts of coin gecko.

Exchanges

In the screenshot above you can see that coingekco shows the spot, the decentralized exchange and the derivated exchange.

The Top Decentralized platforms in coinkegco

Top Derivatives in Coingecko

Top Categories

The above screenshot shows all the category in coingekco and as you can see coingekco has information on cryptocurrency categories with exchange based tokens currently having the highest market cap.

Newly Added crypto

This page in coingecko shows the new added coins and it also shows their value and the time they were added.

WEEKLY PRICE FORECAST FOR BNB
For this homework I'll be using the BNB/BUSD pair.

• What is there to know about BNB

The coin known as BNB is in number 3 in the coinmarketcap, it has been in uptrend until this bit correction in value BNB is the binance exchange token which was launched in 2017 to mainly combat high transaction fees.It has a market cap of 61,007,857,620

• screenshot gotten from coinmarketcap.

Why I chose BNB fir this article
I chose BNB because I like it and because it is a native token to the boggest exchange in the world Binance.

• Technical analysis of BNB/BUSD pair

I will be using the 1hr chart to predict what the future holds for BNB

Bnd/usdt is in support in the one hour chat as you can see. It has been tracing the reversal strategy now that it is in support we should expect a breakout out price of BNB will increase in the next one week probably regaining it's original price. BNB is in the buy point and it is the best one to accumulate BNB.

There are too possible price target and they are $530 and $484 because BNB chart is showing that there is going to be a reversal because the price has be bearish now it will be bullish either temporary or long term.

Conclusion
Thank you every one for reading and makd sue you use coingekco because it is going to guide you in your crypto journey.

CC : @stream4u