Homework Summary [Beginner's Course] - Crypto Academy / S5W2 - Recognizing Simple Patterns in Trading

Introduction

---

Season 5 Week 2 of Steemit Crypto Academy has ended successfully. This was an awesome week as Many Students have participated in the Beginner's Course. The lesson of this Week was about Recognizing Simple Patterns in Trading.

---

This Week, I have explained about How to Recognize Simple Patterns in Trading and How to trade using these Patterns. In this lesson, I have covered some topics which are -

• Triangles in Trading.

• Forms of Triangles in Trading.

• Flags in Trading.

• How to trade using these Patterns.

According to above topics, I have given them to present a Homework task related to above topics. The Homework Task is -

1. What is your understanding about Triangles in Trading. Explain all forms of triangles in your own words. (Screenshot required)

2. Can we also use some Indicators along with it Triangle Patterns? Explain with Screenshots.

3. Explain Flags in Trading in your own words and provide screenshots of both Bull Flag and Bear Flag.

4. Show a full trade setup using these Patterns on any Cryptocurrency chart. (Ascending Triangle, Symmetrical Triangle, Bear Flag)

5. Conclusion

At the end of the week, We had total of 95 entries. The task distribution is :

• 94 Valid Entries
• 1 Invalid Entry
• 0 Plagiarised Content

This can be shown on the chart below -

---

---

Grade Statistics

---

• Plagiarized content refers who copied someone else's content without mentioning the proper source.

• Below Average refers to grades below 5.

• Average refers to grades within 5 and 6.9.

• Good refers to grades within 7 and 8.9.

• Excellent refers to grades within 9 and 10.

• Invalid is for posts from users who are not eligible to perform the task.

---

---

From the above chart, 30% students scored marks within 9 and 10 and submitted excellent entry while 42% students scored marks within range of 7 and 8.9 while 21% Students scored average marks within range of 5 and 6.9.

6% students scored Below Average marks with in range of 0 and 5. There was no record of plagiarism content detected in the homework submissions. The overall performance is good.

Average Grade is 7.72 marks from 95 Entries.

Top 3 Homework Tasks

---

Below are the top 3 Homework tasks out of 95 Entries of this Week. They will get additional rewards for their effort on their homework post.

Username	Homework Post Link
@robbee	Link
@msquaretk	Link
@steemdoctor1	Link

Recommendation and Feedback

---

• The performance of this week from students was good. In Question 1, Almost All the students have answered correctly. They have corrected explained the forms of triangle alongwith charts. Though Few students felt problem with charts of Ascending and descending triangle. Ascending triangle has Flat Resistance whereas Descending triangle has Flat Support.

• In question 2, Students have to explain about the use of Indicator with Triangle pattern. Some students have correctly explained the use of Indicator with triangle pattern. But Some students have not shown traingle pattern in the chart by using it with Indicators.

• In question 3, Almost all students have explained in a correct manner about Bull Flag and Bear Flag alongwith proper Charts.

• In Trade Setups, Some students felt problem with the trade setup using Bear Flag. So, I want to explain about it that Bear Flag is formed after an impulsive downward move which is recognised as Flag pole and a flag shaped consolidated zone which points upwards. For trade setup of Bear Flag, We have to mark take profit level downwards and our stop loss level just above the resistance line.

Below is the trade setup for Bear Flag :

• Furthermore, Around 72% students did good in their Homework tasks.

Cc :-
@steemitblog
@steemcurator01
@steemcurator02

---