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      "body": "Thank you very much Professor",
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      "body": "Hi @zheyeng\n\nAs you also know that you are too much late to repost the task, the original task is almost 3 months old now.  \n\nWe will review it and let you know. \n\nCc: @sapwood\n\nThank You.\n@stream4u\n[*Crypto Professors : Steemit Crypto Academy*](https://steemit.com/cryptoprofessor/@steemitblog/the-steemit-crypto-academy-the-first-crypto-professors)\n#affable\n\n<center>https://cdn.steemitimages.com/DQmdUh4X5gNtnPTAvgeu1Dvjvnh2zWk6KaqEKvzUYLqBnAf/image.png</center>",
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      "body": "Link to Original Post:\nhttps://steemit.com/hive-108451/@zheyeng/crypto-academy-week-5-homework-post-for-besticofinder-introduction-to-cryptocurrency-mining-part-2\n\nWith the increasing public interest in cryptocurrency and then innovative people started thinking about various business plans and investing to get money. Cloud mining is one result of these ideas. Cloud mining is an interesting topic to discuss because many people are interested in cloud mining and many people want to find out various things about cloud mining.\n\n<center>**What is Cloud Mining?**</center>\n\n![The-Cloud-and-Cryptocurrency.jpg](https://cdn.steemitimages.com/DQme68hFBykyqpvpyEgBhDfMhpyDiA5gattf916FXGXpygT/The-Cloud-and-Cryptocurrency.jpg)\n<center>[Source](https://www.simplilearn.com/the-cloud-computing-and-cryptocurrency-article)</center>\n\nCloud mining is a way of mining cryptocurrency using remote cryptocurrency mining services provided by hosts (people/platform who own and sell cloud mining services) who own fields (mining rig facilities). Hosts are usually large companies that offer cloud mining services. If you don't want to buy and manage hardware, software or other necessities, cloud mining is the solution. You can hand over all mining processes to the cloud mining provider. Prospective users will later buy contracts to rent devices owned by the party that provides cloud mining services for a certain period of time. The hardest part here is probably choosing the right host. After buying a cloud mining contract, users no longer need to take care of the device or buy their own mining equipment, which is quite expensive, plus electricity, internet and other maintenance costs that must be considered when buying cryptocurrency mining hardware. As a consideration, always check the hosts background and observe their site. Look at previous user reviews. Check if they have some kind of valid statistical evidence. In another consideration, if hash rate doesn't suit, you can look for another cloud mining host. Whether it's free or paid cloud mining, always take your time in choosing a decent host. One way to do this is to look at their security measures. Some companies offer poor security or even have a reputation for being hacked in the past.\n\n\n<center>**Cloud Mining Platforms**</center>\n\nAmong the many cloud mining platforms, here are some references to cloud mining platforms that I recommend.\n\n**>Bitcoin Pool**\n\n![bitcoin-pool-mining.jpg](https://cdn.steemitimages.com/DQmUJ68fP9SyesFjbwgM9kven7oZb9Cy9yMWYyo5VKhKEHj/bitcoin-pool-mining.jpg)\n<center>[Source](https://cdn4.geckoandfly.com/wp-content/uploads/2017/12/bitcoin-pool-mining.jpg)</center>\n\n>Bitcoin Pool is a cloud mining platform provided directly by Bitcoin.com and is very popular today. Setup is easy and you can start mining right away, either in Bitcoin Cash (BCH) or Bitcoin Core (BTC). Monitoring is also easy to do via the mobile apps for Android and iOS, so you can track your account usage and value over time.\n\n**>HashNest**\n\n![hashnet-bitcoin-mining.jpg](https://cdn.steemitimages.com/DQmUHYhqNDq8CzLZnT8pH2tR3zQDmTyUFYWrvhJ6asY7khS/hashnet-bitcoin-mining.jpg)\n<center>[Source](https://cdn2.geckoandfly.com/wp-content/uploads/2017/12/hashnet-bitcoin-mining.jpg)</center>\n\n>Hashnest is a cloud mining platform launched by Bitmain in 2014. Bitmain is an ASIC mining hardware manufacturer based in China. Bitmain also operates one of the largest mining pools in existence, Antpool. Currently HashNest specifically leases hardware for mining, currently offers Antminer options, as well as StrongU miners.\n\n**>Hashflare**\n\n![hashflare-bitcoin-mining.jpg](https://cdn.steemitimages.com/DQmP8vvBqqTFqTg5UabzAK1PEjTohFxZtnJ5KEawkiTGBBL/hashflare-bitcoin-mining.jpg)\n<center>[Source](https://cdn4.geckoandfly.com/wp-content/uploads/2017/12/hashflare-bitcoin-mining.jpg)</center>\n\n>Hashflare is a Hashcoins subsidiary company that was founded in 2013. Hashflare offers users the opportunity to purchase hashpower for various SHA-256 and Scrypt coins such as Bitcoin, Litecoin, Ethereum and ZCash. You are also free to choose a mining pool. The total payment will depend on the mining pool you choose and how much hash power you have allocated for it.\n\n<center>**Advantages of cloud mining**</center>\n\n![cloud-mining-600.jpg](https://cdn.steemitimages.com/DQmaXWU2Gb5sav5Yjc9nRoK9Mx5Fv4odNsGACfX9QrEY8NU/cloud-mining-600.jpg)\n<center>[Source](https://spacecoastdaily.com/wp-content/uploads/2020/02/cloud-mining-600.jpg)</center>\n\n1. There are no installation fees as the mining equipment is run at the service provider's location.\n2. No need to pay electricity and internet fees.\n3. Does not require a special room.\n4. No need to spend a lot of capital to buy mining equipment.\n5. Avoid the risk of fire because of the large power required in the mining process.\n6. Maintenance is guaranteed, cloud mining providers of course have costs and workers who can maintain mining equipment properly.\n\n<center>**Disadvantages of cloud mining**</center>\n\n![scam-computer-h.jpg](https://cdn.steemitimages.com/DQmcwEjEtC4UeYndbbHnLHWBRSYSH5HcApiF6nik3k6VZ9w/scam-computer-h.jpg)\n<center>[Source](https://www.moaa.org/uploadedfiles/content/publications_and_media/news_articles/2018_news_articles/scam-computer-h.jpg)</center>\n\n1. Some service providers can stop mining operations if profits are too low.\n2. The service provider company can go bankrupt and the funds are not returned.\n3. Susceptible to the risk of fraud because the promised results do not meet the payment you made because the hashrate has been oversold.\n4. You don't have complete control over the mining equipment. Therefore, it is necessary to do good research to use the best cloud mining.\n\nThank you for visiting my post and see you on my next post...\n\nCC: @steemcurator02",
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      "author": "zheyeng",
      "body": "![IMG_20210613_072231.jpg](https://cdn.steemitimages.com/DQmXUFPpA3r8SuaToDBRubMK8t3S82SCTSQe9x4yQrvGGFu/IMG_20210613_072231.jpg)\n\nI know it's too late to collect votes, but I'm sure that I deserve a vote from the post I've made. As my favorite Professor @stream4u, if you can, I need your help to include my post in the curation list so that my post can be appreciated or get an upvote from @steemcurator02. Thanks for the help, have a nice day Professor.\n\nLink to My Original Post:\nhttps://steemit.com/hive-108451/@zheyeng/crypto-academy-week-5-homework-post-for-besticofinder-introduction-to-cryptocurrency-mining-part-2",
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      "body": "Link to Original Post:\nhttps://steemit.com/hive-108451/@zheyeng/crypto-academy-week-5-homework-post-for-besticofinder-introduction-to-cryptocurrency-mining-part-2\n\nWith the increasing public interest in cryptocurrency and then innovative people started thinking about various business plans and investing to get money. Cloud mining is one result of these ideas. Cloud mining is an interesting topic to discuss because many people are interested in cloud mining and many people want to find out various things about cloud mining.\n\n<center>**What is Cloud Mining?**</center>\n\n![The-Cloud-and-Cryptocurrency.jpg](https://cdn.steemitimages.com/DQme68hFBykyqpvpyEgBhDfMhpyDiA5gattf916FXGXpygT/The-Cloud-and-Cryptocurrency.jpg)\n<center>[Source](https://www.simplilearn.com/the-cloud-computing-and-cryptocurrency-article)</center>\n\nCloud mining is a way of mining cryptocurrency using remote cryptocurrency mining services provided by hosts (people/platform who own and sell cloud mining services) who own fields (mining rig facilities). Hosts are usually large companies that offer cloud mining services. If you don't want to buy and manage hardware, software or other necessities, cloud mining is the solution. You can hand over all mining processes to the cloud mining provider. Prospective users will later buy contracts to rent devices owned by the party that provides cloud mining services for a certain period of time. The hardest part here is probably choosing the right host. After buying a cloud mining contract, users no longer need to take care of the device or buy their own mining equipment, which is quite expensive, plus electricity, internet and other maintenance costs that must be considered when buying cryptocurrency mining hardware. As a consideration, always check the hosts background and observe their site. Look at previous user reviews. Check if they have some kind of valid statistical evidence. In another consideration, if hash rate doesn't suit, you can look for another cloud mining host. Whether it's free or paid cloud mining, always take your time in choosing a decent host. One way to do this is to look at their security measures. Some companies offer poor security or even have a reputation for being hacked in the past.\n\n\n<center>**Cloud Mining Platforms**</center>\n\nAmong the many cloud mining platforms, here are some references to cloud mining platforms that I recommend.\n\n**>Bitcoin Pool**\n\n![bitcoin-pool-mining.jpg](https://cdn.steemitimages.com/DQmUJ68fP9SyesFjbwgM9kven7oZb9Cy9yMWYyo5VKhKEHj/bitcoin-pool-mining.jpg)\n<center>[Source](https://cdn4.geckoandfly.com/wp-content/uploads/2017/12/bitcoin-pool-mining.jpg)</center>\n\n>Bitcoin Pool is a cloud mining platform provided directly by Bitcoin.com and is very popular today. Setup is easy and you can start mining right away, either in Bitcoin Cash (BCH) or Bitcoin Core (BTC). Monitoring is also easy to do via the mobile apps for Android and iOS, so you can track your account usage and value over time.\n\n**>HashNest**\n\n![hashnet-bitcoin-mining.jpg](https://cdn.steemitimages.com/DQmUHYhqNDq8CzLZnT8pH2tR3zQDmTyUFYWrvhJ6asY7khS/hashnet-bitcoin-mining.jpg)\n<center>[Source](https://cdn2.geckoandfly.com/wp-content/uploads/2017/12/hashnet-bitcoin-mining.jpg)</center>\n\n>Hashnest is a cloud mining platform launched by Bitmain in 2014. Bitmain is an ASIC mining hardware manufacturer based in China. Bitmain also operates one of the largest mining pools in existence, Antpool. Currently HashNest specifically leases hardware for mining, currently offers Antminer options, as well as StrongU miners.\n\n**>Hashflare**\n\n![hashflare-bitcoin-mining.jpg](https://cdn.steemitimages.com/DQmP8vvBqqTFqTg5UabzAK1PEjTohFxZtnJ5KEawkiTGBBL/hashflare-bitcoin-mining.jpg)\n<center>[Source](https://cdn4.geckoandfly.com/wp-content/uploads/2017/12/hashflare-bitcoin-mining.jpg)</center>\n\n>Hashflare is a Hashcoins subsidiary company that was founded in 2013. Hashflare offers users the opportunity to purchase hashpower for various SHA-256 and Scrypt coins such as Bitcoin, Litecoin, Ethereum and ZCash. You are also free to choose a mining pool. The total payment will depend on the mining pool you choose and how much hash power you have allocated for it.\n\n<center>**Advantages of cloud mining**</center>\n\n![cloud-mining-600.jpg](https://cdn.steemitimages.com/DQmaXWU2Gb5sav5Yjc9nRoK9Mx5Fv4odNsGACfX9QrEY8NU/cloud-mining-600.jpg)\n<center>[Source](https://spacecoastdaily.com/wp-content/uploads/2020/02/cloud-mining-600.jpg)</center>\n\n1. There are no installation fees as the mining equipment is run at the service provider's location.\n2. No need to pay electricity and internet fees.\n3. Does not require a special room.\n4. No need to spend a lot of capital to buy mining equipment.\n5. Avoid the risk of fire because of the large power required in the mining process.\n6. Maintenance is guaranteed, cloud mining providers of course have costs and workers who can maintain mining equipment properly.\n\n<center>**Disadvantages of cloud mining**</center>\n\n![scam-computer-h.jpg](https://cdn.steemitimages.com/DQmcwEjEtC4UeYndbbHnLHWBRSYSH5HcApiF6nik3k6VZ9w/scam-computer-h.jpg)\n<center>[Source](https://www.moaa.org/uploadedfiles/content/publications_and_media/news_articles/2018_news_articles/scam-computer-h.jpg)</center>\n\n1. Some service providers can stop mining operations if profits are too low.\n2. The service provider company can go bankrupt and the funds are not returned.\n3. Susceptible to the risk of fraud because the promised results do not meet the payment you made because the hashrate has been oversold.\n4. You don't have complete control over the mining equipment. Therefore, it is necessary to do good research to use the best cloud mining.\n\nThank you for visiting my post and see you on my next post...\n\nCC: @steemcurator02",
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      "author": "zheyeng",
      "body": "Hello Everyone...\nHow are you today? Hopefully always in good condition.\n\nAfter almost a month of inactivity due to various busy work activities that I cannot leave and spend a moment on vacation on weekends, today I will try to return to writing at the Steemit Crypto Academy community. To start the course for this week, I will attend a class given by professor @yohan2on which discusses \"Swing Trading Style\".\n\n<center>**Swing Trading**</center>\n\n![opening.png](https://cdn.steemitimages.com/DQmYvz42PSCG5centuNN6V6k3GJKs496QDBkjJ8ZfRQ1YvZ/opening.png)\n\nThe market is where traders trade for profit and they use various trading styles, such as Swing Trading, Position Trading, Scalping Trading and Daily Trading according to your wishes, needs and your abilities. But in this post we will only discuss about Swing Trading.\n\nSwing Trading is a trading style that is carried out based on a certain time span ranging from several days, weeks or even months with the aim of getting short to medium term profits and of course a good understanding of the market is needed to do so, such as chart observation, technical analysis and fundamental analysis. . Usually traders who will do Swing Trading will carry out some of these analyzes and especially technical analysis. This analysis also aims to see the support zone and resistance zone.\n\n----------------------------------------------------------------------------------------------------------------\n\n<center>**Swing Trading – TRX/USDT Pair**</center>\n\n![pair.png](https://cdn.steemitimages.com/DQmUXuM1pYQhWSGGXDkuk6KC3pgUAHNJqubbkFEa3kNRPMX/pair.png)\n\nIn this post I will use the TRX/USDT pair because TRX is the main coin in the Tron network and besides that TRX also has a good market capitalization and its trading volume on various exchanges is also high. To support the explanation, I will use several screenshot images of the TRX/USDT price chart that I took from the website https://tradingview.com.\n\n----------------------------------------------------------------------------------------------------------------\n\n<center>**What’s Your Entry & Exit Strategy**</center>\n\n<center>![ENTRYEXIT.png](https://cdn.steemitimages.com/DQmaqcKHtGm7Z1R4ZbRvSsXM6CvLCQvLJGvda7xPjnsm5rZ/ENTRYEXIT.png)</center>\n\nYou may not be able to control the overall market trend, but you can determine what action you should take on your trades and make a good trading plan using a variety of analyzes, including determining the appropriate entry and exit points. As we all know that the cryptocurrency market is very volatile and Swing Traders can take advantage of these fluctuating conditions to reap a number of profits.\n\nBefore entering the market to trade, it is important for us to know the market trend, whether the market trend is Bullish or Bearish so that we can take the right position for each of these conditions. It should be noted that the best entry point is when the Support Zone point is formed and the best exit point is when the Resistance Zone point is formed. So we have bought at a very low price and sold it at a very high price.\n\nIn addition, you can also use various types of indicators to help you make decisions in trading, one of the indicators that is often used is the RSI or the Relative Strength Index. If the RSI value is less than 30 then an oversold condition has occurred and this is a signal for us to enter the market and buy assets, whereas if the RSI value is more than 70 then an Overbought condition has occurred and this is a signal for us to sell a number of assets that we have buy earlier and then exit the market with some profit.\n\n----------------------------------------------------------------------------------------------------------------\n\n<center>**Candlestick Analysis and Use of Other Relevant Supporting Indicators for Your Trade Decision with Multiple Time Frame Charts**</center>\n\nTo determine the right entry and exit points, usually Swing Traders will carry out a reading analysis of several chart patterns and usually the charts used are monthly, weekly, daily and 4-hour charts. Monthly & weekly charts are used to view trends, while daily charts and 4-hour charts are used to define entry & exit points and determine stop losses.\n\n**Weekly Time Frame Chart**\n\n![weekly.png](https://cdn.steemitimages.com/DQmf93c48e2tv6mu7FdjXcQvwje22geCzmQd9Tph2wntpW1/weekly.png)\n\nThis is a more comprehensive chart and in the figure it can be seen that initially every week the TRX price experienced insignificant ups and downs, but 16 weeks ago the TRX price experienced an uptrend and managed to reach a new minor resistance point (A) and even managed to reach the major resistance point (B) at 7 last week. After experiencing a significant increase, then TRX started to experience a downtrend until today and in the past week has only experienced a slight increase. The current TRX condition can be said to be in a downtrend towards the next support zone (C). The current RSI value is 49.58 and means it is still in the middle.\n\n**Daily Time Frame Chart**\n\n![daily.png](https://cdn.steemitimages.com/DQmcy1ZSiBd6vy4gTumEHEKvzCreZBMDnG3Y6zFWf7VHHPh/daily.png)\n\nIn the figure, it can be seen that from the beginning the TRX price continued to increase and had succeeded in reaching its resistance point (A), but after that the TRX price began to experience a downtrend (down to point B) and an alternating uptrend (up to point C), and finally continued to experience downtrend to date and maybe for the next few days (D). The current TRX condition can be categorized as a support zone because the RSI value is almost close to 30, the current RSI value is 36.86 and this is a signal for us to enter and buy TRX.\n\n**4 Hours Time Frame Chart**\n\n![4hours.png](https://cdn.steemitimages.com/DQmZTZzFzkFefT9vo74KWSXthjEeHgZusFBRDhL5MoL1Sh2/4hours.png)\n\nThe TRX price on the shorter time frame looks like it continues to decline and means that TRX is in a downtrend and has even reached the support point (A) a few days ago, while currently the TRX price is slightly above the support point with the RSI value of 41.17.\n\nFrom the three graphs, it can be said that TRX is in a downtrend with an average RSI value close to 30. Of course this is an initial signal that we can use to enter the market and buy a number of TRX gradually using part of the capital and then spend the rest capital is when the TRX price touches the support point again or when the RSI value is below 30 and in my opinion, this condition is getting closer if you look at current market conditions.\n\n----------------------------------------------------------------------------------------------------------------\n\n<center>**Trade Management (Setting Stop Loss, Trailing Stop and Take Profit)**</center>\n\n![closing.png](https://cdn.steemitimages.com/DQmdr5RPcsjexLTRChQ5ZvBLYs5t8bnKEmt85z3HKfCftcd/closing.png)\n\nGood management is needed in trading, especially in minimizing losses because the purpose of trading is clear to make a profit and no one wants to lose. With good management and strengthened by great analysis, we can enter and exit the market appropriately, can minimize losses if market conditions do not go according to analysis, and take maximum profits. In addition, in trading, patience is also needed, of course.\n\nIn this trade I will enter at 0.0715 and buy some TRX incrementally. If my capital for this trade is 100 USDT, then at the beginning I will only spend 25 USDT, then if the price drops to around 0.065 then I will go back to spend 25 USDT, and lastly I will spend 50 USDT if the TRX price approaches the point the previous support (A), which is 0.061 because as I explained earlier, I believe that the TRX price will reach the support point again before the price rises again. I also didn't forget to set the stop loss point at the price of 0.058 to prevent losses if the support point be broken.\n\nThen to take some profit, I will sell TRX at two points, namely point 1 as minor resistance and point 2 as major resistance. I will sell 70% of the TRX amount at point 1 because it has a greater chance of being achieved, while I will sell 30% of the TRX amount at point 2. So I will sell 70% TRX at 0.12 and sell the rest at 0.16. I also didn't forget to set the trailing stop point at 0.105.\n\n----------------------------------------------------------------------------------------------------------------\n\n<center>**Conclusion**</center>\n\nKeep in mind that we are not always in favorable market conditions, so we must always set stop losses in trading and be a smart trader who uses a number of analyzes before entering the market and exiting the market with a profit, you can also use various indicators to help your trades with the analysis.",
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      "body": "@@ -1,454 +1,4 @@\n-Hello everyone...%0AHow are you today? Hopefully always in good condition.%0A%0AAfter 3 weeks of inactivity due to various busy work activities that I cannot leave and spend some time on vacation, today I will try again to write in this community. After seeing some of the classes available in this week's course, then I was interested in doing the homework assignment given by professor @fendit because this is new knowledge for me, Elliott Wave Theory.%0A%0A\n %3Ccen\n",
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      "title": "Steemit Crypto Academy Week 14 Homework Post for Professor @fendit - Elliot Wave Theory"
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      "author": "zheyeng",
      "body": "Alright then.",
      "json_metadata": "{\"app\":\"steemit/0.2\"}",
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      "author": "fendit",
      "body": "If I do that with you, I should do it with everyone else. I wouldn't be fair with the others if not.",
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      "author": "zheyeng",
      "body": "@@ -109,16 +109,46 @@\n deadline\n+ based on Argentina local time\n . Please\n",
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      "body": "I know that I turned in my assignment at the end of the time and I think I was only 5 minutes late from the deadline. Please consider my duties and my efforts. Thank you Professor @fendit",
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      "author": "fendit",
      "body": "I'm sorry! You were late submitting your work, they were accepted till 22nd March 2021, 23.59 UTC Time.",
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      "body": "@@ -2797,20 +2797,23 @@\n e first \n-flow\n+current\n  represe\n@@ -3038,20 +3038,23 @@\n e third \n-flow\n+current\n , the pr\n@@ -3198,20 +3198,23 @@\n e third \n-flow\n+current\n  is the \n@@ -3272,20 +3272,23 @@\n  fourth \n-flow\n+current\n  which i\n@@ -3350,20 +3350,23 @@\n  second \n-flow\n+current\n  because\n@@ -3426,20 +3426,23 @@\n e fifth \n-flow\n+current\n , here t\n@@ -3635,20 +3635,23 @@\n in this \n-flow\n+current\n  because\n@@ -3669,20 +3669,23 @@\n e right \n-flow\n+current\n  to sell\n@@ -7963,12 +7963,15 @@\n ous \n-flow\n+current\n  wil\n",
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      "body": "@@ -427,16 +427,17 @@\n , Elliot\n+t\n  Wave Th\n@@ -6078,20 +6078,39 @@\n rn (\n+first \n current\n-s 1-8\n+ to eighth current\n ). T\n@@ -6311,20 +6311,18 @@\n ade you \n-make\n+do\n .%0A%0AIn ad\n@@ -6605,20 +6605,23 @@\n e third \n-flow\n+current\n ) and th\n@@ -6718,17 +6718,8 @@\n all,\n- however,\n  thi\n@@ -7285,16 +7285,37 @@\n rents.%0A%0A\n+Here is an example.%0A%0A\n !%5Bzheyen\n",
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      "body": "@@ -1756,33 +1756,32 @@\n  corrective wave\n-s\n  and impulse wav\n@@ -1781,17 +1781,16 @@\n lse wave\n-s\n . In add\n@@ -2125,17 +2125,21 @@\n ctures. \n-I\n+The i\n mpulse w\n@@ -2187,28 +2187,73 @@\n  in \n+the 1st to the 5th \n currents\n- 1-5\n , while \n+the sixth, seventh and eighth \n curr\n@@ -2257,20 +2257,16 @@\n urrents \n-6-8 \n are corr\n@@ -2750,20 +2750,46 @@\n  of \n+the first current to the fifth \n current\n-s 1-5\n . Th\n@@ -2932,22 +2932,23 @@\n  second \n-stream\n+current\n  suffere\n@@ -7178,22 +7178,23 @@\n e first \n-stream\n+current\n  and the\n@@ -7214,22 +7214,23 @@\n e third \n-stream\n+current\n  must be\n@@ -7393,20 +7393,23 @@\n e first \n-flow\n+current\n  it can \n@@ -7669,20 +7669,23 @@\n  second \n-flow\n+current\n . Then c\n@@ -7730,22 +7730,23 @@\n he main \n-stream\n+current\n  of the \n@@ -7772,22 +7772,23 @@\n e third \n-stream\n+current\n  the pri\n@@ -8035,22 +8035,23 @@\n e fifth \n-stream\n+current\n .%0A%0AAfter\n@@ -8087,22 +8087,23 @@\n e fifth \n-stream\n+current\n , the pr\n@@ -8429,29 +8429,28 @@\n down on the \n-seven\n+eigh\n th current. \n@@ -8501,26 +8501,29 @@\n  of the \n-1st stream\n+first current\n  and sel\n@@ -8564,19 +8564,21 @@\n the \n-1st stream,\n+first current\n  the\n@@ -8638,18 +8638,21 @@\n the \n-3rd stream\n+third current\n  and\n@@ -8704,14 +8704,15 @@\n fth \n-stream\n+current\n , a \n@@ -8780,16 +8780,20 @@\n ference \n+for \n stop los\n@@ -8981,20 +8981,18 @@\n oing to \n-make\n+do\n , you sh\n@@ -9156,19 +9156,18 @@\n you can \n-mak\n+us\n e EWT as\n",
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      "body": "@@ -7308,16 +7308,1416 @@\n g.png)%0A%0A\n+In the first flow it can be seen that the price is starting to move up and a number of traders are starting to take part in this trade. However, as the price crawled upwards some traders also started selling some of the assets for a small profit, causing a slight decline in the second flow. Then comes the third current which becomes the main stream of the impulse wave. In the third stream the price starts to rise significantly and traders who are still holding out and not selling their assets in the previous flow will make a lot of profit here and in analysis this is the right time to sell some of the assets and sell the rest in the fifth stream.%0A%0AAfter reaching the top point of the fifth stream, the price starts to move down and that is what usually happens in the market because demand starts to disproportionate to supply. The impulse wave has turned into a corrective wave, the decline in the price of this wave starts at the sixth current, then undergoes a slight transition in the seventh current and finally moves down on the seventh current. A smart trader will buy the asset at the low of the 1st stream and sell 20%25 of the asset at the peak of the 1st stream, then sell the remaining 40%25 of the asset at the peak of the 3rd stream and sell the remaining 40%25 at the peak of the fifth stream, a price close to the initial purchase price can be used as a reference stop loss point.%0A%0A\n --------\n",
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      "body": "@@ -2297,32 +2297,40 @@\n revious trend.%0A%0A\n+%3Ccenter%3E\n !%5Bzheyeng4.png%5D(\n@@ -2416,24 +2416,33 @@\n heyeng4.png)\n+%3C/center%3E\n %0A%3Ccenter%3E%5BSo\n@@ -2591,16 +2591,86 @@\n enter%3E%0A%0A\n+%3Ccenter%3Ea = 6%3C/center%3E%0A%3Ccenter%3Eb = 7%3C/center%3E%0A%3Ccenter%3Ec = 8%3C/center%3E%0A%0A\n **- Impu\n@@ -4614,16 +4614,24 @@\n trend.%0A%0A\n+%3Ccenter%3E\n !%5Bzheyen\n@@ -4725,24 +4725,33 @@\n heyeng3.png)\n+%3C/center%3E\n %0A%3Ccenter%3E%5BSo\n@@ -4900,16 +4900,86 @@\n enter%3E%0A%0A\n+%3Ccenter%3Ea = 6%3C/center%3E%0A%3Ccenter%3Eb = 7%3C/center%3E%0A%3Ccenter%3Ec = 8%3C/center%3E%0A%0A\n --------\n@@ -7201,16 +7201,16 @@\n rents.%0A%0A\n+\n !%5Bzheyen\n@@ -7312,11 +7312,8 @@\n g)%0A%0A\n-F%0A%0A\n ----\n",
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      "body": "@@ -2309,52 +2309,281 @@\n d.%0A%0A\n-Gambar 2 (TULIS CAPTIONNYA DALAM GAMBAR)\n+!%5Bzheyeng4.png%5D(https://cdn.steemitimages.com/DQmeaDmguAEXYoAhpPAoFb5ge5LCvPz15GWpyNL2G63KYDN/zheyeng4.png)%0A%3Ccenter%3E%5BSource%5D(https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcRXi6ChLzsm8O9HDY9f_rNZ9KEeXflzQJcytt2j3XeOzloqKtnxNSgr5RJHnudk9mzb2lU&usqp=CAU)%3C/center%3E\n %0A%0A**\n+- \n Impu\n@@ -3514,16 +3514,18 @@\n ets.%0A%0A**\n-\n \n+- \n Correcti\n@@ -4287,13 +4287,17 @@\n .%0A%0A*\n-NOTE:\n+**Note:**\n * Th\n@@ -4531,48 +4531,275 @@\n d.%0A%0A\n-Gambar 3 (TULIS CAPTIONNYA DALAM GAMBAR)\n+!%5Bzheyeng3.png%5D(https://cdn.steemitimages.com/DQmbcdZu3r5nMXEfMbAPWNRm8gKbM2NthqYih7h7LbGuSk2/zheyeng3.png)%0A%3Ccenter%3E%5BSource%5D(https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcS7GzOFA_e8hfIEaFQF0ernOFT_v8DEbw-HFhKFKf44lEXHgnBUSX2i3XljipdGlaT1ekA&usqp=CAU)%3C/center%3E\n %0A%0A--\n",
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      "author": "zheyeng",
      "body": "Hello all...\nHow are you today? Hopefully always in good condition.\n\nAfter 3 weeks of inactivity due to various busy work activities that I cannot leave and spend some time on vacation, today I will try again to write in this community. After seeing some of the classes available in this week's course, then I was interested in doing the homework assignment given by professor @fendit because this is new knowledge for me, Elliot Wave Theory.\n\n<center>**Elliott Wave Theory dan Penerapannya**</center>\n \nGambar 1\n\nElliott Wave Theory (EWT) is a market principle coined by an accountant named Ralph Nelson Elliott. The crypto market is volatile, but the cyclical movements of the crypto market always follow certain predictable patterns and trends. This is the reference in EWT, that the price of an asset can be predicted based on these patterns.\n\nIt is important for us to predict market cycles and trends before we decide to enter the market because we have to enter at the right time and exit at the right time as well. Based on the predictions, we also need to determine the stop loss point to prevent losses. Therefore, we need to make a prediction based on various analyzes before entering the market, and one of them is doing analysis-predictions based on EWT.\n\n----------------------------------------------------------------------------------------------------------------\n\n<center>**Impulse & Corrective Waves and How to Identify Them**</center>\n\nThere are two types of waves that can be distinguished based on the EWT principle, namely corrective waves and impulse waves. In addition, there are also two market trends that we need to know, namely a bullish trend or an uptrend and a bearish trend or a downtrend. To observe corrective waves and impulse waves in both trends, EWT distinguishes them using the concept of market cycles based on 8 main currents that occur in the market, as in the following pictures. Impulse waves tend to follow the market trend seen in currents 1-5, while currents 6-8 are corrective waves which tend to start in the opposite direction of the previous trend.\n\nGambar 2 (TULIS CAPTIONNYA DALAM GAMBAR)\n\n**Impulse Wave**\n\nThis wave consists of currents 1-5. The first flow represents the initial cycle when an uptrend starts and a number of traders start buying assets at low prices. However, the second stream suffered a slight setback as a number of traders sold assets for a small profit. In the third flow, the price chart starts to rise significantly more quickly because many traders are starting to buy assets at that time and keep in mind that the third flow is the longest current on the impulse wave. Then comes the fourth flow which is the same as the condition that happened before in the second flow because traders started to take profits here. The last is the fifth flow, here there is an increase in prices that is not too significant and this increase occurs because there are a few traders who make purchases in this condition, but it is not recommended to buy in this flow because this is the right flow to sell assets.\n\n**Corrective Waves**\n\nThis wave consists of 6-8 currents and this wave is present after the impulse wave. A corrective wave occurs because many traders have sold their assets during an impulse wave so that the market experiences lower demand than supply. The sixth and eighth currents are the main currents in this wave and the seventh currents only act as transitional currents. The three currents (currents 6-8) are differentiated based on three formations, namely zigzag, flat and triangle. In zigzag formation, the seventh currents are usually shorter than currents 6 & 8. Whereas currents 6-8 in flat formations have almost the same length. The last formation is a triangle formation, the 6-8 current in this formation looks up and down like forming a triangle.\n\n*NOTE:* The impulse and corrective waves that I have described are in conditions of a bullish trend, while what occurs in conditions of a bearish trend is the opposite of the explanation I have given. Below is a picture of a bearish trend.\n\nGambar 3 (TULIS CAPTIONNYA DALAM GAMBAR)\n\n----------------------------------------------------------------------------------------------------------------\n\n<center>**My Opinion About Elliott Wave Theory**</center>\n\nActually EWT is new knowledge for me and I just learned it in this class. In general, EWT is a good analytical choice to use and can also be combined with various other analyzes, such as technical analysis, fundamental analysis or sentimental analysis to make it more accurate.\n\nThe concept of EWT analysis is carried out based on cycles that often occur in the market and this pattern is a good reference in analysis because it is referenced based on movements in market conditions that have occurred before so that we can reflect on previous conditions to predict conditions that may occur in the future. Based on the EWT we can also determine when is the right time to enter and exit a trade.\n\nTo do a good EWT analysis, of course, we need to properly identify the impulse & corrective waves on the chart. But the fact is we don't always find this pattern (currents 1-8). Therefore, good observations are needed in carrying out this analysis and should be combined with various other analyzes to obtain better results. And don't forget to use a stop loss for every trade you make.\n\nIn addition, in my opinion, the EWT concept is also more suitable for trading with a time span that is not short and is not suitable for trading with a very short time span because this analysis is carried out based on market cycles with significant chart changes (especially in the third flow) and this concept too refers to the 8 main currents contained in impulse & corrective waves. Overall, however, this analysis is very suitable to be combined with various other analyzes.\n\n----------------------------------------------------------------------------------------------------------------\n\n<center>**Case Study BTC/BUSD (Bullish Trend)**</center>\n\n> In the lessons that have been shared by professors, professors have provided two main tips to remember to use this theory properly. The length of the second and fourth currents must not exceed the starting point of the first stream and the length of the third stream must be longer than the first and fifth currents.\n\n![zheyeng.png](https://cdn.steemitimages.com/DQmQXyrogqEkJRa5xCKmHNC9bZmtEHAtwoy1JnFwaXKfbSV/zheyeng.png)\n\nF\n\n----------------------------------------------------------------------------------------------------------------\n\n<center>**Conclusion**</center>\n\nWhatever trade you are going to make, you should always do analysis and predictions before starting because our goal is to seek profit, not loss. Apart from considering various other things, of course you can make EWT as one of your references before starting it and it's even better if you combine it with several other analyzes. In closing, I would like to thank the professor for this study because I have acquired new knowledge about EWT.",
      "json_metadata": "{\"tags\":[\"cryptoacademy\",\"fendit-s2week6\",\"elliot\",\"cryptocurrency\",\"trading\"],\"users\":[\"fendit\"],\"image\":[\"https://cdn.steemitimages.com/DQmQXyrogqEkJRa5xCKmHNC9bZmtEHAtwoy1JnFwaXKfbSV/zheyeng.png\"],\"app\":\"steemit/0.2\",\"format\":\"markdown\"}",
      "parent_author": "",
      "parent_permlink": "hive-108451",
      "permlink": "steemit-crypto-academy-week-14-homework-post-for-professor-fendit-elliot-wave-theory",
      "title": "Steemit Crypto Academy Week 14 Homework Post for Professor @fendit - Elliot Wave Theory"
    }
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  "op_in_trx": 0,
  "timestamp": "2021-05-23T03:10:00",
  "trx_id": "8318e5345968e4e8b55fd5a03c34275d2d34a65e",
  "trx_in_block": 1,
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