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      "body": "<div class=\"text-justify\">\n\nHello @ayushverma12. Thank you for participating in Crypto Academy Season 5 Week 8 Beginner Course. \n\n|Criteria|Score|\n|-----|----|\n|Presentation / Use of Markdowns|1.8/2|\n|Compliance with topic|1.7/2|\n|Quality of analysis| 1.8/2|\n|Clarity of language|1.4/1.5|\n|Originality| 1.5/1.5|\n|#club5050|0/1|\n|***Total***|***8.2/10***|\n\n_____\n\n**Feedback and Suggestions -**\n______\n\n\n- You have answered all questions in your own words.\n- You have explained question about Price bars in a perfect manner.\n- You have explained all questions with proper screenshots which is good.\n- Your charts are well represented.\n- Overall work is good.\n\n_____\n\nI appreciate your efforts and will look forward to see your next assignments.</div>",
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      "permlink": "steemit-crypto-academy-season-5-week-8-beginner-s-course-reading-special-bar-combinations",
      "title": "Steemit Crypto Academy Season 5 Week 8 [Beginner's Course] - Reading Special Bar Combinations",
      "body": "<div class=\"text-justify\">\n\n\n\n\n------\n\n\n## 1- Explain Price Bars in your own words. How to add these price bars on Chart with proper screenshots?\n\n## 2- How to identify trends using Price Bars. Explain for both trend. (Screenshots required)\n\n## 3- Explain the Bar Combinations for Spending the Day inside for both conditions. (Screenshots required)\n\n## 4- Explain the Bar Combinations for Getting outside for the Day for both conditions. (Screenshots required)\n\n## 5- Explain the Bar Combinations for Finding the close at the open for both conditions in each trend. (Screenshots required)\n\n## 6- Conclusion\n\n----------\n\n## 1- Explain Price Bars in your own words. How to add these price bars on Chart with proper screenshots?\n\n-----\n\n### Price Bar\n\nVery much like different types of specialized markers utilized in the portrayal of outline examination of a fundamental resource like the candles, Lines, Hollow candles, Area, Heikin Ashi, and so on, the Price Bar is no exemption. That is, it is a bar portrayal of the exchanging and hidden impact of the trade exercises of a given resource which is subsequently displayed on an outline examination. The interest and supply push that occurs in a gone set is seen to be displayed in these value bars. Consequently when we have really purchasing strain in the exchange, this would address an Uptrend development of value Bars in the pattern investigation.\n\nThis is additionally no different for situations where we have seriously selling pressure where selling exercises offsets that d purchasing pressure. We have the Price bar saw in a downtrend development. The Uptrend development of Price bars is connected with the presence of Higher highs and Higher Lows in its event though the Dpwntrend development of value Bars accompanies Lower Lows and Lowe highs in its event. There the general Trend changes in a given market can be recognized by the utilization of the value bars.\n\nMoreover, from its underlying terminology, it accompanies Open, Close, High, and Close focuses for each period taken. These all address the beginning of a pattern, the finish of a pattern, the pinnacles and lows accomplished in a day which consequently can be determined to infer the necessary presentation of a resource.\n\nThen again, more limited value bars implies the financial backers where not excessively keen available. This implies that the was low drag between the purchasers and the venders. Very much like different diagrams are set to various time periods, the value bar graphs can be set from minutes to months.\n\nSeeing value bars on the off chance that a specific exchanging pair will give a dealer crucial data relying upon the mix of the various bars to frame a specific pattern or value activity. At the point when value bars structure with their Open far away from the Close, this implies the market is encountering significant degree of ventures among purchasers and venders. This simply shows how dynamic dealers were available. Assuming these pieces of a value bar are extremely near one another, it implies brokers where not excessively keen on contributing on the pair at that specific time.\n\n![IMG_20220108_115734.jpg](https://cdn.steemitimages.com/DQmTzxUmodNsqukFTk89918CDrNuRXWpcprZXRzU31haiKL/IMG_20220108_115734.jpg)[source](https://www.tradingview.com/chart/) \n\n\n--------\n\n\n![IMG_20220108_115915.jpg](https://cdn.steemitimages.com/DQmcr7kqvRfySJQZvwVL5WKVRgBvEfmbdytihbnWEbCMxVt/IMG_20220108_115915.jpg)[source](https://www.tradingview.com/chart/) \n\nOpen: this is the passed on even line to the upward bar which is addressing the initial cost.\n\nClose: this is the right even line to the upward bar which addresses the end cost of the value bar.\n\nHigh: this is the greatest cost reached by a value bar and is at the highest point of the upward bar very much like a candle hairpiece.\n\nLow: the low is the most reduced cost reached during the development of the value bar.\n\n\n\n![8SzwQc8j2KJZWBXFXnbnQ1FtoZhRqrTWozhqoqWHpGmpmoCfUEpVCB5AkLz4nBvAKBWiVsAcJCWMhRn75A6s4QA3kvPMT54oqdDBFcaGRnU81P2kJNz.jpeg](https://cdn.steemitimages.com/DQmajjW87DDjAXRihVpGQmS6SQkDdomw5LwVPzDPWb2W9K1/8SzwQc8j2KJZWBXFXnbnQ1FtoZhRqrTWozhqoqWHpGmpmoCfUEpVCB5AkLz4nBvAKBWiVsAcJCWMhRn75A6s4QA3kvPMT54oqdDBFcaGRnU81P2kJNz.jpeg)\n\n\n------\n\n\n## 2.How to identify trends using Price Bars. Explain for both trend. (Screenshots required)\n\nThere are various ways you can utilize a bar to recognize a value pattern. For instance, when a few bars structure record setting paces all around, you can recognize an upturn creating. Then again, when the bars structure worse high points and worse low points, you can recognize a downtrend starting from shaping from past red bars on the outline.\nEvery day value developments can be handily followed utilizing specialized investigation, for example, the better upsides, worse high points, worse low points, and more promising low points.\n\nA higher high is when there is another high higher than the past high\n\nA lower low is when there is a new low lower than the past low\n\nLower High : This example follows the comparable example as more promising low points, which implies there is another high lower than the past high on a descending pattern .\n\nHigher Low: there is a new low higher than the past falling short on a vertical pattern\n\n\n\n#### HOW TO IDENTIFY AN UPWARD TREND\n\n\nWe recognize markets with time spans of specialized examination when they make ceaseless trips. This particularly applies to candle designs, which can enlighten us a bountiful number of data concerning the market on one graph.\n\nTo recognize an upswing, digital money brokers should see that the highs and lows are high. The highs and the lows ought to be the place of amicability for amazing distinguishing proof. A dealer could detect an upswing when there is another high making the past low to become lower.\n\nPattern merchants utilize the distinguishing proof of patterns in their higher stages to make great section focuses when they are in their starting. An early ID can assist with distinguishing your pattern to execute the right exchanges.\n\n\n![IMG_20220108_121847.jpg](https://cdn.steemitimages.com/DQmbEt7AFcBbMxRYuJLjskioB5mN5iGhkFHQSMuNgVYqfg2/IMG_20220108_121847.jpg)[source](https://www.tradingview.com/chart/) \n\nAs found in the model over, an upturn is comprised of record setting paces all around. The course of the bolt oversees the pattern direction and we can see that new exorbitant costs are additionally higher than the past high.\n\nThe most effective method to IDENTIFY A DOWNWARD TREND\nAt the point when a long, red bar is trailed by a progression of short, green bars with no separate from the cost moving from the end of one day to the open of the following, we can recognize a downtrend. In this situation, a general decrease in costs is normal with the end cost constantly at or beneath its initial situation for each back to back bar. This pattern alone would show that the bears have a mind-boggling ominous force.\n\nAs found in the model over, a descending pattern is comprised of worse high points and worse low points. The bearing of the bolt oversees the pattern direction and we can see that new low costs are additionally lower than the past low.\n\n\n![IMG_20220108_122742.jpg](https://cdn.steemitimages.com/DQmf86THqvxpahTvP9RzyiGk1Rh2ZjhWvr6p6Tn6jNf7B19/IMG_20220108_122742.jpg)[source](https://www.tradingview.com/chart/) \n![8SzwQc8j2KJZWBXFXnbnQ1FtoZhRqrTWozhqoqWHpGmpmoCfUEpVCB5AkLz4nBvAKBWiVsAcJCWMhRn75A6s4QA3kvPMT54oqdDBFcaGRnU81P2kJNz.jpeg](https://cdn.steemitimages.com/DQmajjW87DDjAXRihVpGQmS6SQkDdomw5LwVPzDPWb2W9K1/8SzwQc8j2KJZWBXFXnbnQ1FtoZhRqrTWozhqoqWHpGmpmoCfUEpVCB5AkLz4nBvAKBWiVsAcJCWMhRn75A6s4QA3kvPMT54oqdDBFcaGRnU81P2kJNz.jpeg)\n\n-------\n\n## 3- Explain the Bar Combinations for Spending the Day inside for both conditions. (Screenshots required)\n\n----\n\nThere are numerous blends that can exist in a value bar, and exceptionally fit for various situations. In this post I will portray one of these normal value bars called \"going through the day inside\". This sort is shaped when the nearby cost of the new value bar is between the open and shutting costs from the bygone one. This can happen when it's moving to bullish cases or tumbling to negative cases. I'll show screen captures of the clarification underneath\n\nduring the \"going through the day inside\" measures occurs, dealers are cautioned to take sharp thoughtfulness regarding the following move of the market. At these places, the purchasing pressures are nearly at balance with nobody offsetting another (contrasted with when financial backers are engaged) thus it is fitting to stay careful.\n\nAnyway there are two conditions to be satisfied in this standards\n\nThe new value bar has a lower high than that of the past value bar\n\nAssuming the low of the new value bar is higher than that of the past value bar and if this high arrives at a specific high point (considering the time period and downtrend), we have the subsequent condition fulfilled\n\nPresently you can know whether the market course changed by contrasting the end of one bar with the open of the following. Assuming costs shut higher, then, at that point, the bullish-ness of that bar not really settled revived\n\nAt the point when the new value bar structures with its open at or higher than the low of the past value bar and it closes beneath the high of the past value bar, that is known as a bullish setup.\n\n\n\n![IMG_20220108_123829.jpg](https://cdn.steemitimages.com/DQmU5JZyU6HdScqM9GFBowwZSt9HNswbeBCoM5TFAzM5H7Q/IMG_20220108_123829.jpg)[source](https://www.tradingview.com/chart/) \n\n-----\n![IMG_20220108_124130.jpg](https://cdn.steemitimages.com/DQmQw7t7LZRyFFm9kU4DdNcia2J3XNN6eHszhdcjp6NRUuE/IMG_20220108_124130.jpg)[source](https://www.tradingview.com/chart/) \n\nThe negative day inside is the point at which the cost of another value bar opens near its high, yet in addition has a higher close. This is huge of a negative move at the hesitation table.\n\n![8SzwQc8j2KJZWBXFXnbnQ1FtoZhRqrTWozhqoqWHpGmpmoCfUEpVCB5AkLz4nBvAKBWiVsAcJCWMhRn75A6s4QA3kvPMT54oqdDBFcaGRnU81P2kJNz.jpeg](https://cdn.steemitimages.com/DQmajjW87DDjAXRihVpGQmS6SQkDdomw5LwVPzDPWb2W9K1/8SzwQc8j2KJZWBXFXnbnQ1FtoZhRqrTWozhqoqWHpGmpmoCfUEpVCB5AkLz4nBvAKBWiVsAcJCWMhRn75A6s4QA3kvPMT54oqdDBFcaGRnU81P2kJNz.jpeg)\n\n----\n\n### 4- Explain the Bar Combinations for Getting outside for the Day for both conditions. (Screenshots required)\n\nThis is the direct inverse of within day and as inferred by the name, the high and low of the bar is outside rather than inside likewise, the open and close are shaped outside and this getting outside for the day is alluded to as outside day. Contingent upon the position close and open, the external bars be seen in both negative and bullish moving business sectors consequently can mean inversion or continuation of the pattern.\n\nFrom the outline beneath, the open is found at the depressed spot and the nearby at the high point, and subsequently, upswing continuation or inversion to downtrend might be expected.\n\n\n![IMG_20220108_124715.jpg](https://cdn.steemitimages.com/DQmP9MfXNCLpV95FFtJqf1S8hYqRzrKuDHdAfELfWecAxPC/IMG_20220108_124715.jpg)[source](https://www.tradingview.com/chart/) \n\nThe following is a downtrend diagram a direct inverse of the upturn in which the open is found at the high point and the nearby at the depressed spot, connoting a likely continuation of downtrend or inversion.\n\n\n![IMG_20220108_125115.jpg](https://cdn.steemitimages.com/DQmRKsJvum7vug5iVpxJX3mHm9wN5HtEgKmc2sYwDt6zJwv/IMG_20220108_125115.jpg)[source](https://www.tradingview.com/chart/) \n\n![8SzwQc8j2KJZWBXFXnbnQ1FtoZhRqrTWozhqoqWHpGmpmoCfUEpVCB5AkLz4nBvAKBWiVsAcJCWMhRn75A6s4QA3kvPMT54oqdDBFcaGRnU81P2kJNz.jpeg](https://cdn.steemitimages.com/DQmajjW87DDjAXRihVpGQmS6SQkDdomw5LwVPzDPWb2W9K1/8SzwQc8j2KJZWBXFXnbnQ1FtoZhRqrTWozhqoqWHpGmpmoCfUEpVCB5AkLz4nBvAKBWiVsAcJCWMhRn75A6s4QA3kvPMT54oqdDBFcaGRnU81P2kJNz.jpeg)\n\n\n-----\n\n### 5- Explain the Bar Combinations for Finding the close at the open for both conditions in each trend. (Screenshots required)\n\n\n-----\n\nThe nearby at the open or close at most elevated high accuracy setup is what happens when the end cost is practically same with the initial cost. Moreover, the perfect balance is accomplished when it's at some relative level instead of correcting on top of it. This implies it conveys a sign of negative and bullish pattern continuation and inversions just as each separate increment or abatement in bullish and bear patterns.\n\nAt the point when the cost of another value bar opens and closes at a similar level or shut to it, we realize that this means that either pattern continuation or inversion. Assuming it is open on the highest point of the body of the value bar, then, at that point, it shows more bullish force which will mean pattern continuation.\n\n\n\n![IMG_20220108_125951.jpg](https://cdn.steemitimages.com/DQmahUd8CSHDHZZmCaV4Z4N5UMsKuyZcxEg42RDMCEuabqV/IMG_20220108_125951.jpg)[source](https://www.tradingview.com/chart/) \n\n\nA negative condition happens when the value opens and closes at almost a similar cost during a downtrend, permitting us to distinguish an inversion or negative pattern continuation. Assuming that the open and close are to the drawback of the value bar, we realize we have high negative force and in this way a negative pattern continuation, however assuming they are to the upper side of the value bar body, we realize the bullish energy is more grounded and we might have a pattern inversion to the bullish side.\n\n\n![IMG_20220108_130226.jpg](https://cdn.steemitimages.com/DQmXggF7xv9VVVZqzGdzjHkTSHYXFvGjPiAtpWBwxHu7k4B/IMG_20220108_130226.jpg)[source](https://www.tradingview.com/chart/) \n\n![8SzwQc8j2KJZWBXFXnbnQ1FtoZhRqrTWozhqoqWHpGmpmoCfUEpVCB5AkLz4nBvAKBWiVsAcJCWMhRn75A6s4QA3kvPMT54oqdDBFcaGRnU81P2kJNz.jpeg](https://cdn.steemitimages.com/DQmajjW87DDjAXRihVpGQmS6SQkDdomw5LwVPzDPWb2W9K1/8SzwQc8j2KJZWBXFXnbnQ1FtoZhRqrTWozhqoqWHpGmpmoCfUEpVCB5AkLz4nBvAKBWiVsAcJCWMhRn75A6s4QA3kvPMT54oqdDBFcaGRnU81P2kJNz.jpeg)\n----\n\n### 6- Conclusion\n----\n\nThere are different value portrayals, for example, lines, bars and candles and so forth With the value bar, the dealer can break down the different bars to decide if the market is in a pattern or not. When a pattern is found, exceptional bar mixes -, for example, inside day, outside day and tracking down the nearby at the open - are then used to have the option to recognize whether there is a pattern continuation or a pattern inversion that is going to occur.This illustration about bar graph blends and examples has caused me to understand that, not exclusively are there a few other digital money diagrams, yet that each outline has its own uniqueness, application and translation.\n\nThe value bars have extremely intriguing life structures whether bullish or negative. The bars contain various parts. From this life systems and the situation of the parts, it is workable for a broker to assemble extremely helpful data with which to attempt exchanging exercises. A merchant can conclude what the market circumstance is, the overall pattern and in particular, the capability of a pattern to proceed or reverse.Price bars are equivalent to candles, on the value bar we can likewise see the open value, the most exorbitant cost, the end cost, and the least cost and we can likewise do an examination to discover the heading of the pattern utilizing the value bar. To recognize the course of the pattern utilizing value bars, equivalent to utilizing different outlines, specifically for an upturn or bullish pattern, it happens when the value shapes another high that is higher than the past high and the most recent low is higher than the past low, while for a downtrend or negative A pattern happens when the value frames another high that is lower than the past high and the new low is lower than the past low. Three examines can be utilized to see the pattern will proceed or turn around utilizing value bars, the three breaks down are going through the day inside, getting outside for the afternoon, and tracking down the nearby at the open. The three breaks down can be utilized as wanted yet should be concentrated on first to utilize them so accomplishment in exchanging is more noteworthy and we don't misunderstand the sign for the continuation of the pattern course or the other way of the pattern.\n\n\n![8SzwQc8j2KJZWBXFXnbnQ1FtoZhRqrTWozhqoqWHpGmpmoCfUEpVCB5AkLz4nBvAKBWiVsAcJCWMhRn75A6s4QA3kvPMT54oqdDBFcaGRnU81P2kJNz.jpeg](https://cdn.steemitimages.com/DQmajjW87DDjAXRihVpGQmS6SQkDdomw5LwVPzDPWb2W9K1/8SzwQc8j2KJZWBXFXnbnQ1FtoZhRqrTWozhqoqWHpGmpmoCfUEpVCB5AkLz4nBvAKBWiVsAcJCWMhRn75A6s4QA3kvPMT54oqdDBFcaGRnU81P2kJNz.jpeg)\n\n\n\n</div>",
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      "body": "<div class = \"text-justify\">\n\nGreetings @ayushverma12, thank you very much for being a part of [SteemitCryptoAcademy](https://steemit.com/trending/hive-108451) this fifth season.\n\n**Your grade on this assignment is as follows:**\n<p>\n\nParameters | Grading\n------ | ------\t\nPresentation Style | 0.8/1.5\nCompliance with Topic | 1/2\nQuality of Content | 0.7/2\nSpelling and Grammar (Fluency, structure and understanding of the topic) | 0.7/1.5\nOriginality | 0.5/2\n#club5050 | 0/1\n***Total***|***3.7/10***\n\t\n<center>![separator.png](https://cdn.steemitimages.com/DQmUEw76E1F4JkMHgVbWcp1SUJbAss4VtKbL3LoY58rJDaQ/separador.png)</center>\n\n## Remarks:\n\n#\n\nA rather poor task, you should strive to create a task better explained and with more content of your own.\n\nMany of the explanations are taken from the web, be more original.\n\nYou are not in #club5050 because you must power up at least 150 STEEM in the last 30 days.\n\n\n\n---\n\n##### Thank you @ayushverma12 for your effort in carrying out this publication, I hope to continue reviewing your future tasks.\n\n---\n\n</div>",
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      "title": "Initial Exchange Offering and Binance Launchpad. - Crypto Academy / S5W6 - Homework post for nane15.",
      "body": "@@ -1,28 +1,62 @@\n+%3Cdiv class=%22text-justify%22%3E%0A%0A%0A%0A%0A%0A%0A%0A\n ## 1. Explain in your own wo\n@@ -16091,8 +16091,16 @@\n  tokens.\n+%0A%0A%3C/div%3E\n",
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      "author": "ayushverma12",
      "permlink": "initial-exchange-offering-and-binance-launchpad-crypto-academy-s5w6-homework-post-for-nane15",
      "title": "Initial Exchange Offering and Binance Launchpad. - Crypto Academy / S5W6 - Homework post for nane15.",
      "body": "## 1. Explain in your own words what an IEO is.\n\n## 2. Do you consider IEOs an advantageous way to make an investment? Explain.\n\n  ## 3.  List advantages and disadvantages of participating in an IEO.\n\n## 4. Explain how to participate in an IEO, for the process explore various exchanges, choose one of them and explain the process. (Please use from screenshots.) (No need to participate, just register, present proof of verified account and explain the whole process, do not use Binance)\n\n## 5.  As an example of a project that had a successful IEO, explain that project. Be on topic. (Use from screenshots.)\n\n## 6. Conclusion.\n\n\n![8SzwQc8j2KJZWBXFXnbnQ1FtoZhRqrTWozhqoqWHpGmpmoCfUEpVCB5AkLz4nBvAKBWiVsAcJCWMhRn75A6s4QA3kvPMT54oqdDBFcaGRnU81P2kJNz.jpeg](https://cdn.steemitimages.com/DQmajjW87DDjAXRihVpGQmS6SQkDdomw5LwVPzDPWb2W9K1/8SzwQc8j2KJZWBXFXnbnQ1FtoZhRqrTWozhqoqWHpGmpmoCfUEpVCB5AkLz4nBvAKBWiVsAcJCWMhRn75A6s4QA3kvPMT54oqdDBFcaGRnU81P2kJNz.jpeg)\n\n## 1. Explain in your own words what an IEO is.\n\n\n![8SzwQc8j2KJZWBXFXnbnQ1FtoZhRqrTWozhqoqWHpGmpmoCfUEpVCB5AkLz4nBvAKBWiVsAcJCWMhRn75A6s4QA3kvPMT54oqdDBFcaGRnU81P2kJNz.jpeg](https://cdn.steemitimages.com/DQmajjW87DDjAXRihVpGQmS6SQkDdomw5LwVPzDPWb2W9K1/8SzwQc8j2KJZWBXFXnbnQ1FtoZhRqrTWozhqoqWHpGmpmoCfUEpVCB5AkLz4nBvAKBWiVsAcJCWMhRn75A6s4QA3kvPMT54oqdDBFcaGRnU81P2kJNz.jpeg)\n\n initial  exchange  offering is  a method that  basically  allows new and  authentic  projects or startups  or even  companies to be financed  by the financiers in  exchange for tokens or cryptocurrencies. It’s a  relatively new  method  and very  popular  among new  traders  because any new  trader is fears that  he will lose all of his  money  during  trading and  will be bankrupt. So  by  investing in IEO, a  trader’s  chances of  losing his  investment are  pretty low and generally,  projects in centralized exchanges  usually are  verified  projects. \n\n\nKnown as an IEO for shorts,  thies is  where a cryptocurrency's  exchanges overses the tokens sale. The  benefits are clearly: blockchain  project's  go through a  comprehensively vetting  process  where their White's paper is scrutinizes, and theirs crowd-funding  drive  will also get publicity.\n\na  great  boost to that A  project's  that's is  selling its tokens, likewise,  will be  a good  investments if it succeeded, therefore,  you will  not be  able to  bet on a  project  without  the requires knowledge.\nit  more Security; Its  meanings is that the investor buys the asset  cheaper and sells high ( it will  depends on many  factor for this to working) therefore,  it is born in  needs of injections of money, to  maintain a  robust capital, with Which the  project's can  advanced and evolved .\n\n\n![8SzwQc8j2KJZWBXFXnbnQ1FtoZhRqrTWozhqoqWHpGmpmoCfUEpVCB5AkLz4nBvAKBWiVsAcJCWMhRn75A6s4QA3kvPMT54oqdDBFcaGRnU81P2kJNz.jpeg](https://cdn.steemitimages.com/DQmajjW87DDjAXRihVpGQmS6SQkDdomw5LwVPzDPWb2W9K1/8SzwQc8j2KJZWBXFXnbnQ1FtoZhRqrTWozhqoqWHpGmpmoCfUEpVCB5AkLz4nBvAKBWiVsAcJCWMhRn75A6s4QA3kvPMT54oqdDBFcaGRnU81P2kJNz.jpeg)\n\n## 2. Do you consider IEOs an advantageous way to make an investment? Explain.\n\n\n![8SzwQc8j2KJZWBXFXnbnQ1FtoZhRqrTWozhqoqWHpGmpmoCfUEpVCB5AkLz4nBvAKBWiVsAcJCWMhRn75A6s4QA3kvPMT54oqdDBFcaGRnU81P2kJNz.jpeg](https://cdn.steemitimages.com/DQmajjW87DDjAXRihVpGQmS6SQkDdomw5LwVPzDPWb2W9K1/8SzwQc8j2KJZWBXFXnbnQ1FtoZhRqrTWozhqoqWHpGmpmoCfUEpVCB5AkLz4nBvAKBWiVsAcJCWMhRn75A6s4QA3kvPMT54oqdDBFcaGRnU81P2kJNz.jpeg)\n\nIEOs have a number of advantages, one of which is that they are carried out with the assistance of a third party: the crypto exchange platform. Every project that wants to launch an IEO on the platform will be reviewed. Exchanges want to keep their good name, thus they pick token issuers carefully. That's how they'll be able to weed out potential money-laundering schemes.\n\nExchange platforms put their reputation on the line when they add a project. As a result, the initiatives they back are credible, and investors can be assured that the platform completed its homework before releasing the IEO.\n\nTo begin with, as an investor, purchasing this token during the pre-sale period increases your chances of making a large profit when the token is officially launched, as the asset's price may rise higher than the price at which you purchased it. You've already made a lot of money at that point. As we already know, the pre-sale stage is a stage of money raising, and if a large number of investors participate at that moment, the price of the tolen will begin to rise even further.\nSecond, the exchanges participating in the IEO project have the opportunity to promote themselves, as many of these exchanges may be unfamiliar to some investors; however, with the help of the IEO pre-sale on the exchange, more customers will become aware of the exchange and may begin to use it for trading.\n\nThird, IEO is an important tool for generating funds and ensuring the continuance of any project. We recognise that carrying out these projects necessitates a significant amount of funding, which is often difficult to come by from a single source. As a result, the IEO serves as a means of raising funds to enable the project to continue.\n\n\n![8SzwQc8j2KJZWBXFXnbnQ1FtoZhRqrTWozhqoqWHpGmpmoCfUEpVCB5AkLz4nBvAKBWiVsAcJCWMhRn75A6s4QA3kvPMT54oqdDBFcaGRnU81P2kJNz.jpeg](https://cdn.steemitimages.com/DQmajjW87DDjAXRihVpGQmS6SQkDdomw5LwVPzDPWb2W9K1/8SzwQc8j2KJZWBXFXnbnQ1FtoZhRqrTWozhqoqWHpGmpmoCfUEpVCB5AkLz4nBvAKBWiVsAcJCWMhRn75A6s4QA3kvPMT54oqdDBFcaGRnU81P2kJNz.jpeg)\n\n## 3.  List advantages and disadvantages of participating in an IEO.\n\n\n![8SzwQc8j2KJZWBXFXnbnQ1FtoZhRqrTWozhqoqWHpGmpmoCfUEpVCB5AkLz4nBvAKBWiVsAcJCWMhRn75A6s4QA3kvPMT54oqdDBFcaGRnU81P2kJNz.jpeg](https://cdn.steemitimages.com/DQmajjW87DDjAXRihVpGQmS6SQkDdomw5LwVPzDPWb2W9K1/8SzwQc8j2KJZWBXFXnbnQ1FtoZhRqrTWozhqoqWHpGmpmoCfUEpVCB5AkLz4nBvAKBWiVsAcJCWMhRn75A6s4QA3kvPMT54oqdDBFcaGRnU81P2kJNz.jpeg)\n\n#### ADVANTAGES \n\n• There's a good chance you'll make a lot of money. The organisers of the IEO event and the platform on which it is presented do not simply throw the event together. As a result of the outpouring of support, the event is likely to be a success and profitable venture.\n\n• The investors buy the token at a low price during the event and are likely to sell at a high price, resulting in a maximum return on investment for them.\n\n• The event promotes the project and its staff, as well as the Crypto exchange platform on which it is held.\n\n• The sale is made at the same price for all participants, which means that only a small group of people will have a motivation to sell their coins after they have been listed. For example, individuals who purchased tokens at a reduced price at the initial stage. This stops the token price from plummeting right after the IEO concludes.\n\n• Because the exchange is accountable for executing IEO with its reputation, there are less potential for fraud.\n\n\n#### DISADVANTAGES\n\n\n• Due to exchanges' stringent selection criteria, the number of projects putting coins through IEO is quite limited.\n\n• Due to great demand and limited time, the procedure for most applicants is rarely successful. When it comes to IEOs, the lottery principle forces investors to commit enormous sums of money to participate.\n\n• AML/KYC is a requirement for all investors. Because the bitcoin ecosystem is known for being filled with people who are obsessed with their privacy, going through the AML/KYC process can be cruel to some.\n\n\n• Price manipulation: Don't think exchanges are just acting as a middleman; it turns out that IEO coins are pre-mined. What would happen is that the project manager, including such IEO exchangers, would be able to gain a large number of tokens and so influence their price; in other words, they would be able to obtain tokens and control their pricing at their leisure.\n\n• Remember to perform your own research and analyse the projects and concepts. Both the IEO project owners and the IEO Institution have a vested interest in creating as much hype as possible in order to sell as many coins as possible. Examine the project's whitepaper, concept, and whether or not it necessitates the use of a token at all.\n\n\n\n![8SzwQc8j2KJZWBXFXnbnQ1FtoZhRqrTWozhqoqWHpGmpmoCfUEpVCB5AkLz4nBvAKBWiVsAcJCWMhRn75A6s4QA3kvPMT54oqdDBFcaGRnU81P2kJNz.jpeg](https://cdn.steemitimages.com/DQmajjW87DDjAXRihVpGQmS6SQkDdomw5LwVPzDPWb2W9K1/8SzwQc8j2KJZWBXFXnbnQ1FtoZhRqrTWozhqoqWHpGmpmoCfUEpVCB5AkLz4nBvAKBWiVsAcJCWMhRn75A6s4QA3kvPMT54oqdDBFcaGRnU81P2kJNz.jpeg)\n\n## 4. Explain how to participate in an IEO, for the process explore various exchanges, choose one of them and explain the process. (Please use from screenshots.) (No need to participate, just register, present proof of verified account and explain the whole process, do not use Binance)\n\n\n\n![8SzwQc8j2KJZWBXFXnbnQ1FtoZhRqrTWozhqoqWHpGmpmoCfUEpVCB5AkLz4nBvAKBWiVsAcJCWMhRn75A6s4QA3kvPMT54oqdDBFcaGRnU81P2kJNz.jpeg](https://cdn.steemitimages.com/DQmajjW87DDjAXRihVpGQmS6SQkDdomw5LwVPzDPWb2W9K1/8SzwQc8j2KJZWBXFXnbnQ1FtoZhRqrTWozhqoqWHpGmpmoCfUEpVCB5AkLz4nBvAKBWiVsAcJCWMhRn75A6s4QA3kvPMT54oqdDBFcaGRnU81P2kJNz.jpeg)\n\nTo begin, go to the Coincodex website. This webpage contains all of the information on each exchange's most recent IEOs. Then, in the top right corner, tap \"3 lines,\" and you'll find an option for \"IEOs list.\" Simply click it, as indicated in the image below.\n\n\n![IMG_20211225_131518.jpg](https://cdn.steemitimages.com/DQmcMAyYMvjriYAaHZozHSzTBsL7YjuskMNKbzdJwqtzoop/IMG_20211225_131518.jpg)[source](https://coincodex.com/)\n\n\n\n![IMG_20211225_131645.jpg](https://cdn.steemitimages.com/DQmQAEUNwxhkYvkoftpdBAtuQWNnCAL6BoJX7UvJ6UNSzUp/IMG_20211225_131645.jpg)[source](https://coincodex.com/)\n\nFollowing that, as illustrated in the image below, you will view all of the exchanges' most recent IEOs. You can also choose the IEO of a specific exchange. Simply touch the \"three dots\" in the right corner to examine the IEO of a particular exchange.\n\n\n![IMG_20211225_132433.jpg](https://cdn.steemitimages.com/DQmRd5PgeHyPWS5aant3Nr4AsgTuAmbZxX9MJzaRSCTtpmQ/IMG_20211225_132433.jpg)[source](https://coincodex.com/)\n\n\n\n![IMG_20211225_132808.jpg](https://cdn.steemitimages.com/DQmPbhLzwPkT67N7PPsP8Danc6nerbnmC8A2PXtxcHrz2R6/IMG_20211225_132808.jpg)[source](https://coincodex.com/)\n\nIn the next phase, you'll notice an option called \"All launchpad,\" which you can select an exchange that interests you. If you select the All Launchpad option, a list of exchangers such as Binance, Kucoin, and others will appear in front of you. Then simply \"click\" on the exchange where you want to see the IEOs.\n\n\n\n![IMG_20211225_133203.jpg](https://cdn.steemitimages.com/DQmRbSSZ16WeuETyqNRbNobQXh9sk5GKdCTRevXVBeidQbj/IMG_20211225_133203.jpg)[source](https://coincodex.com/)\n\n\n\n\n![IMG_20211225_133404.jpg](https://cdn.steemitimages.com/DQmSQTHKnUCYDxr3HvyixvhNf65E75EbrNV9ooUubzAQWRc/IMG_20211225_133404.jpg)[source](https://coincodex.com/)\n\nAfter that, as shown in the images below, I checked the IEOs of some exchanges such as Huboi, Kucoin, and FTX.\n\n\n![IMG_20211225_134116.jpg](https://cdn.steemitimages.com/DQmNxJpSMhUSgXNVSohLdvxCRUXGzNwMEFH89pQNUjSfSWV/IMG_20211225_134116.jpg)[source](https://coincodex.com/)\n\n\n\n![IMG_20211225_134521.jpg](https://cdn.steemitimages.com/DQmTffN6LqqFf4PD8EsLVdkcY4J2dNRHpzFtSzAFfqjaZbD/IMG_20211225_134521.jpg)[source](https://coincodex.com/)\n\nNext, I'll go to the Kucoin exchanges' IEO and try to solve the question posed in this assignment. I choose the Velo (VELO) coin's IEO and choose the \"visit launchpad\" option.\n\n\n![IMG_20211225_135037.jpg](https://cdn.steemitimages.com/DQme12BZvksFXzhjBXzciTvvv9nGCGwvozv3ErJCa31MPbY/IMG_20211225_135037.jpg)[source](https://coincodex.com/)\n\n\n\n![IMG_20211225_135412.jpg](https://cdn.steemitimages.com/DQmZCS8T69ZdcbMnx4FnpXFnTnTPdPH6pc5hjJdHyVAgtr1/IMG_20211225_135412.jpg)[source](https://coincodex.com/)\n\nThe next step is to register an account on the Kucoin cryptocurrency exchange. If you already have an account on that exchange, as I do, simply enter your email and password in the boxes and click \"login.\" As a result, you can take part in an IEO in this manner.\n\n\n![IMG_20211225_141231.jpg](https://cdn.steemitimages.com/DQmXQE354sG85Az1oafdYBP4H3aAheyUEiEb8uHeiS63wkr/IMG_20211225_141231.jpg)[source](https://coincodex.com/)\n\n\n\n![Screenshot_2021-12-25-14-14-39-49_c86a420cc97150814abb35fde5ad0be5.jpg](https://cdn.steemitimages.com/DQmUH6ZqUQDVZYbjfw7XHupvQKonRntZm41eqapKiVkT2MC/Screenshot_2021-12-25-14-14-39-49_c86a420cc97150814abb35fde5ad0be5.jpg)[source](https://coincodex.com/)\n\n\n![8SzwQc8j2KJZWBXFXnbnQ1FtoZhRqrTWozhqoqWHpGmpmoCfUEpVCB5AkLz4nBvAKBWiVsAcJCWMhRn75A6s4QA3kvPMT54oqdDBFcaGRnU81P2kJNz.jpeg](https://cdn.steemitimages.com/DQmajjW87DDjAXRihVpGQmS6SQkDdomw5LwVPzDPWb2W9K1/8SzwQc8j2KJZWBXFXnbnQ1FtoZhRqrTWozhqoqWHpGmpmoCfUEpVCB5AkLz4nBvAKBWiVsAcJCWMhRn75A6s4QA3kvPMT54oqdDBFcaGRnU81P2kJNz.jpeg)\n\n## 5.  As an example of a project that had a successful IEO, explain that project. Be on topic. (Use from screenshots.)\n\n\n![8SzwQc8j2KJZWBXFXnbnQ1FtoZhRqrTWozhqoqWHpGmpmoCfUEpVCB5AkLz4nBvAKBWiVsAcJCWMhRn75A6s4QA3kvPMT54oqdDBFcaGRnU81P2kJNz.jpeg](https://cdn.steemitimages.com/DQmajjW87DDjAXRihVpGQmS6SQkDdomw5LwVPzDPWb2W9K1/8SzwQc8j2KJZWBXFXnbnQ1FtoZhRqrTWozhqoqWHpGmpmoCfUEpVCB5AkLz4nBvAKBWiVsAcJCWMhRn75A6s4QA3kvPMT54oqdDBFcaGRnU81P2kJNz.jpeg)\n\n\n\n![IMG_20211225_143042.jpg](https://cdn.steemitimages.com/DQmZkYLJPmvJ2V7bSQakfKeve1uJcdgB2uJAb8vtG2UX1Wi/IMG_20211225_143042.jpg)[source](https://troytrade.com/)\n\nTroy, a global trading and asset management platform, launched the IEO token Troy on December 3rd, 2019, for a one-day period (close on December 4th 2019) During the IEO, 1 Troy was worth 0.005 USD, however it is now worth 0.1 USD as of December 2019.\nTroy = Token\nBEP2 is the type of token.\n1 Troy equals 0.005 US Dollars\n4 million dollars maximum\nToken distribution: 26.09 percent private sale, 21.74% ecosystem, 17.39% team/advisor, 17.39c/o Lunchpad, and 13.04 percent mining incentives Troy was founded to give professional traders and clients with crypto-to-brokerage services. Troy has a fantastic risk management system, makes it simple for traders to trade and access pooled liquidity, assists with margin trading, and provides account management flexibility, among other things. The Troy token will be utilised in the platform for transactions, payments, and other utility uses.\n\nTroy has continued to expand since their start, based on their current statistics, because its goals and purposes were reasonable.\nThe Troy network, as well as its ecosystem, continues to increase in value and volume.\n\n\n![IMG_20211225_143912.jpg](https://cdn.steemitimages.com/DQmbaK85TXPVVH7g84cHx4MhE5MDA4rP4rHN6LTxcU4AuQj/IMG_20211225_143912.jpg)[source](https://coinmarketcap.com/currencies/troy/)\n\n\n\n![8SzwQc8j2KJZWBXFXnbnQ1FtoZhRqrTWozhqoqWHpGmpmoCfUEpVCB5AkLz4nBvAKBWiVsAcJCWMhRn75A6s4QA3kvPMT54oqdDBFcaGRnU81P2kJNz.jpeg](https://cdn.steemitimages.com/DQmajjW87DDjAXRihVpGQmS6SQkDdomw5LwVPzDPWb2W9K1/8SzwQc8j2KJZWBXFXnbnQ1FtoZhRqrTWozhqoqWHpGmpmoCfUEpVCB5AkLz4nBvAKBWiVsAcJCWMhRn75A6s4QA3kvPMT54oqdDBFcaGRnU81P2kJNz.jpeg)\n\n## 6. Conclusion.\n\n\n![8SzwQc8j2KJZWBXFXnbnQ1FtoZhRqrTWozhqoqWHpGmpmoCfUEpVCB5AkLz4nBvAKBWiVsAcJCWMhRn75A6s4QA3kvPMT54oqdDBFcaGRnU81P2kJNz.jpeg](https://cdn.steemitimages.com/DQmajjW87DDjAXRihVpGQmS6SQkDdomw5LwVPzDPWb2W9K1/8SzwQc8j2KJZWBXFXnbnQ1FtoZhRqrTWozhqoqWHpGmpmoCfUEpVCB5AkLz4nBvAKBWiVsAcJCWMhRn75A6s4QA3kvPMT54oqdDBFcaGRnU81P2kJNz.jpeg)\n\n\nIEO is excellent and useful for exchange users since it is less hazardous and more likely to be well-executed, especially on well-known exchanges, making it easier for newcomers to purchase crypto assets and inject a specific asset into circulation in the crypto sector. Some IEOs are solely available for private sales, while others are offered to exchange platform members as pre-sales (public users). Users may be confident that more tokens will be introduced using exchange-managed smart contracts. This strategy allows new investors to launch a stable project while customers purchase tokens.",
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      "author": "ayushverma12",
      "permlink": "steemit-crypto-academy-season-5-week-5-beginner-s-course-trading-using-wedge-pattern",
      "title": "Steemit Crypto Academy Season 5 Week 5 [Beginner's Course] - Trading Using Wedge Pattern",
      "body": "<div class=\"text-justify\">\n\n\n\n\n\n\n![IMG_20211217_191807.jpg](https://cdn.steemitimages.com/DQmQvv4oiBFq8DZZsT6aRW1hR9sZ7nJP4wP5Mn5J1CSoEYu/IMG_20211217_191807.jpg)\n\n\n\n\n\n\n\n## 1. Explain Wedge Pattern in your own word.\n\n## 2. Explain both types of Wedges and How to identify them in detail. (Screenshots required)\n\n## 3. Do the breakout of these Wedge Patterns produce False Signals sometimes? If yes, then Explain how to filter out these False signals.\n\n## 4. Show full trade setup using this pattern for both types of Wedges.( Entry Point, Take Profit, Stop Loss, Breakout)\n\n## 5. Conclusion\n\n\n![8SzwQc8j2KJZWBXFXnbnQ1FtoZhRqrTWozhqoqWHpGmpmoCfUEpVCB5AkLz4nBvAKBWiVsAcJCWMhRn75A6s4QA3kvPMT54oqdDBFcaGRnU81P2kJNz.jpeg](https://cdn.steemitimages.com/DQmajjW87DDjAXRihVpGQmS6SQkDdomw5LwVPzDPWb2W9K1/8SzwQc8j2KJZWBXFXnbnQ1FtoZhRqrTWozhqoqWHpGmpmoCfUEpVCB5AkLz4nBvAKBWiVsAcJCWMhRn75A6s4QA3kvPMT54oqdDBFcaGRnU81P2kJNz.jpeg)\n\n\n\n## 1. Explain Wedge Pattern in your own word\n\n![IMG_20211217_193717.jpg](https://cdn.steemitimages.com/DQmSz93R4VmTJwT9kfnFU1BDNHEFsKKFSEEh4YhCpf6PA3r/IMG_20211217_193717.jpg)[source](https://www.tradingview.com/symbols/BTCUSD/)\n\n\nThis wedge  pattern, can br  found  at the  top of thr chart and  also  at the buttom of thr chart. Now,  the two  types of wedge  pattern  can be  considered or be  seen  at the  top or buttom of the chart. Rising wedge  pattern is  normally  seen  at the  top of the chart, i.e  when this  shows up,  traders are being alerted that the  market will bearish or  reverse  back  in the  other  direction  which is the bearish movement.\n\nWhen the  market is  moving in a bullish  trend, it reaches a  point  where the  trend pauses signifying a small  appearance of downtrend and  calls for a  trend continuation or reversal. This  means that the  angle  between  the two(2)  trend  lines of the wedge  pattern decreases  as the  market  trend reaches its end.\n\nThe emergence of a wedge  pattern  indicates a  slight  market pause. Such that,  during the emergence of this  pattern in an uptrend,  traders are  observed to  exit the  market  since their bullish  effect  is not  acknowledged  because the  price contracts with a  slight downward  trend. In a downtrend, on  the other hand, the  sellers are perceived as being in a  break  since their  bear  influence  is not  acknowledged  since the  value is shrinking with a  slight upward  trend. \n\n\n![8SzwQc8j2KJZWBXFXnbnQ1FtoZhRqrTWozhqoqWHpGmpmoCfUEpVCB5AkLz4nBvAKBWiVsAcJCWMhRn75A6s4QA3kvPMT54oqdDBFcaGRnU81P2kJNz.jpeg](https://cdn.steemitimages.com/DQmajjW87DDjAXRihVpGQmS6SQkDdomw5LwVPzDPWb2W9K1/8SzwQc8j2KJZWBXFXnbnQ1FtoZhRqrTWozhqoqWHpGmpmoCfUEpVCB5AkLz4nBvAKBWiVsAcJCWMhRn75A6s4QA3kvPMT54oqdDBFcaGRnU81P2kJNz.jpeg)\n\n\n## 2. Explain both types of Wedges and How to identify them in detail. (Screenshots required)\n\nIn wedge  pattern trading,  we have  two  types of wedge:\n\n1. Falling Wedge\n2. Rising Wedge\n\n## The Falling Wedge:\n\nFalling Wedge\nRising Wedge\nThe Falling Wedge:\nWhen I looked at it first time, it looks like a bearish trend, so I thought our lecturer made a mistake, but when I tried to understand it, I discovered it is very correct.The falling Wedge is a bullish trend of a wedge pattern.\n\nIn falling Wedges, when's the two converting trendline are drawn, the consolidations parts ends when the prices actions breaks through the resistances lines and there's will be a Breakout leading to uptrend.\n\nwhen the falling wedge pattern is created, it signal traders that there will be a trend reversal after this pattern is formed, so now when this is formed or created, this is where traders gets ready to enter a buy order in the market.\n\nThis fall is supposed to be a pattern form, meaning that a trendline will be drawn at minimum 2 to 3 peaks to join the peaks together just as in the case above. We can see that in the analysis below.We can also say that a falling wedge is formed after the coming of a downtrend and after the continuation of trend, if the initial trend was seen to be a uptrend or if the initial trend was in a downtrend, a trend reversal will happen.\n\n\n![IMG_20211217_201940.jpg](https://cdn.steemitimages.com/DQmSXbNdaB8jBihs2T6FvrCRbC4zgiLhryse8Fx8q7RuR5L/IMG_20211217_201940.jpg)[source](https://www.tradingview.com/symbols/BTCUSD/)\n\n\n\n\n\n## HOW TO INDENTIFY A FALLING WEDGE:\n\n\n### Formation of  two intersecting  lines:\n\nFormation of two intersecting lines:\nThe line of resistance will be taken from a lower high and the line of support will be taken from lower low.\n\nChecking the compatibility of the prices actions with two down-sloping converting Trendlines; we have to draw two (Resistances and Support) Trendlines that's will converge downwards together with the minors High and lower priced.\n\nTo identify falling wedge, you must ensure that the higher highs and lower lows touch the resistance and support lines as least 5 times.\nIt could be 3 higher highs touching the resistance line and 2 lower lows touching the support line or 2 higher highs touching the resistance line and 3 lower lows touching the support line.\n\nWhen we talk about wedge pattern, so there must be at least 5 touches in the wedge formation. 3 on either and the 2 on another trendline.\n\n### RISING WEDGE:\nThe meeting point of the the support and resistance lines creates a breakout point where there maybe a trend reversal or trend continuation. In the above image, it shows that after the wedge pattern, the price movement shifts to a downtrend and this signals for a bearish period.\n\nWe can also classify rising wedge as a bearish version of wedge pattern because after a price chart in the market rises in the direction of wedge there occurs a breakout that leads to a downward trend in the price chart.Rising Wedge patterns are Usually formed at the end of bullish trends, although they might sometimes take place in downtrends, Which leads to Trend continuations and a later downwards Breakout.\nThe meeting point of the the support and resistance lines creates a breakout point where there maybe a trend reversal or trend continuation. In the above image, it shows that after the wedge pattern, the price movement shifts to a downtrend and this signals for a bearish period.\nit signal traders that there will be a trend reversal after this pattern is formed, so now when this is formed or created, this is where traders gets ready to enter a sell order in the market.The convergence of the upper Trendline called resistance and the lower Trendline called support are usually connected by two or more highs and lows. The market usually bounces off and back between these two Trendlines in an upward direction. And at the end of the bullish period, there is usually a trend reversal into a bearish trend where the market price moves in a downtrend.\n\n\n![IMG_20211217_204347.jpg](https://cdn.steemitimages.com/DQmePKjnBjPc2fqzkRP97b8WXsaY56cD9Tqkjed7Ejn6eoC/IMG_20211217_204347.jpg)[source](https://www.tradingview.com/symbols/BTCUSD/)\n\n\n\n\n\n\n## HOW TO IDENTIFY A RISING WEDGE\nThe volume in the volume indicator should be falling meaning that it should be in a downtrend\n\nFormation of two intersecting lines: We draw two obtuse lines in order to get the same wedge pattern. The line of resistance will be taken from a minor high and the line of support will be taken from minor low. The lines are taken to point of intersection of both.\n\nAnother characteristic of rising wedge is a decrease in the price action volume as the channel goes uptrend. This is because the buyers who have been controlling of the market is losing strength and sellers are getting ready to take over the market.\n\nWe have to draw two upward sliding trendlines. One of them is drawn to join the resistance points of the candles and the second one is drawn to join the support points of the candles.\n![8SzwQc8j2KJZWBXFXnbnQ1FtoZhRqrTWozhqoqWHpGmpmoCfUEpVCB5AkLz4nBvAKBWiVsAcJCWMhRn75A6s4QA3kvPMT54oqdDBFcaGRnU81P2kJNz.jpeg](https://cdn.steemitimages.com/DQmajjW87DDjAXRihVpGQmS6SQkDdomw5LwVPzDPWb2W9K1/8SzwQc8j2KJZWBXFXnbnQ1FtoZhRqrTWozhqoqWHpGmpmoCfUEpVCB5AkLz4nBvAKBWiVsAcJCWMhRn75A6s4QA3kvPMT54oqdDBFcaGRnU81P2kJNz.jpeg)\n\n## 3. Do the breakout of these Wedge Patterns produce False Signals sometimes? If yes, then Explain how to filter out these False signals.\n\nwe use  patterns to  identify  the next  price movement. But  it is a  common  issue that the  identified  pattern breakout  may leads  to give  false  signals. These  false  signals  may urge you of  entering and exiting to the  market at a  wrong time. So the  traders  may  lead to  huge losses sometimes.\nwe use  patterns to  identify  the next  price movement. But  it is a  common  issue that the  identified  pattern breakout  may leads  to give  false  signals. These  false  signals  may urge you of  entering and exiting to the  market at a  wrong time. So the  traders  may  lead to  huge losses sometimes.we use  patterns to  identify  the next  price movement. But  it is a  common  issue that the  identified  pattern breakout  may leads  to give  false  signals. These  false  signals  may urge you of  entering and exiting to the  market at a  wrong time. So the  traders  may  lead to  huge losses sometimes.To  overcome this  false  signal given wedge  patterns, I  think  using of momentum  based  indicators like MACD,RSI  indicators will  help to  identify  false  signals. \n\n\n\n![IMG_20211217_210623.jpg](https://cdn.steemitimages.com/DQmbhR25LRBC8PrXiNurzTWS9ugEDx2CbodLXAE8T3bN4TS/IMG_20211217_210623.jpg)[source](https://www.tradingview.com/symbols/BTCUSD/)\n\n\n![8SzwQc8j2KJZWBXFXnbnQ1FtoZhRqrTWozhqoqWHpGmpmoCfUEpVCB5AkLz4nBvAKBWiVsAcJCWMhRn75A6s4QA3kvPMT54oqdDBFcaGRnU81P2kJNz.jpeg](https://cdn.steemitimages.com/DQmajjW87DDjAXRihVpGQmS6SQkDdomw5LwVPzDPWb2W9K1/8SzwQc8j2KJZWBXFXnbnQ1FtoZhRqrTWozhqoqWHpGmpmoCfUEpVCB5AkLz4nBvAKBWiVsAcJCWMhRn75A6s4QA3kvPMT54oqdDBFcaGRnU81P2kJNz.jpeg)\n\n## 4. Show full trade setup using this pattern for both types of Wedges.( Entry Point, Take Profit, Stop Loss, Breakout)\n\n### Rising Wedge Trading Setup .\n\n![grade7-falling-wedge-reversal-before.png](https://cdn.steemitimages.com/DQmZ2pkAmFeFMS3opFgKap47kgy1zN2Bx9vhuAuN5deerAL/grade7-falling-wedge-reversal-before.png)[source](https://www.google.com/imgres?imgurl=https%3A%2F%2Fbpcdn.co%2Fimages%2F2016%2F05%2Fgrade7-falling-wedge-reversal-before.png&imgrefurl=https%3A%2F%2Fwww.babypips.com%2Flearn%2Fforex%2Fwedges&tbnid=s_gLdsMtGZtjOM&vet=1&docid=PvY7ptVyh-JWwM&w=440&h=359&hl=en-US&source=sh%2Fx%2Fim)\nWhen the sellers took over the market and forced the price to break the support line, there was a breakout.In the chart, you can see the two converging trendlines are forming an upward slopping triangular shape and that the volume is trending downward in the formation of Rising Wedge.As you can see from the chart, we have our both trend lines, we have Mark our Breakout positions and our entry positions as we'll. This is because the movements before Breakout is usually in an upwards directions and the breakout created rooms for downwards movements or Bearish trend\n\n### TRADE SETUP USING FALLING WEDGE PATTERN\n\n\n![grade7-falling-wedge-reversal-after2.png](https://cdn.steemitimages.com/DQmNceHAgGqXbFTJKR3TDcavoDDL7cc6maGezR4asZ1b4nr/grade7-falling-wedge-reversal-after2.png)[source](https://images.app.goo.gl/J2kPHs4Q67THX94G7)\n\nIn the charts, you can sew that the two converting trendlines are drawn and the consolidations parts end's when's the price action Break through the Resistances line and there WAS a breakout leading to uptrend.This is also falling Wedge pattern which am using to performance this trade. As we discussed, that when a falling wedge patterns is formed, we have to get ready to enter a buy position.This is also falling wedge pattern which am using to perform this trade. As we discussed, that when a falling wedge pattern is formed, we have to get ready to enter a buy position.It is obvious that if we want to buy some assets at the right time, we should look for a Falling wedge which can occur during a bearish trend which may be at the bottom, so after it mostly trend reversal occurs and then the market goes Bullish that is why the falling wedge is also called Bullish version of the Wedge.\n\n\n\n\n![8SzwQc8j2KJZWBXFXnbnQ1FtoZhRqrTWozhqoqWHpGmpmoCfUEpVCB5AkLz4nBvAKBWiVsAcJCWMhRn75A6s4QA3kvPMT54oqdDBFcaGRnU81P2kJNz.jpeg](https://cdn.steemitimages.com/DQmajjW87DDjAXRihVpGQmS6SQkDdomw5LwVPzDPWb2W9K1/8SzwQc8j2KJZWBXFXnbnQ1FtoZhRqrTWozhqoqWHpGmpmoCfUEpVCB5AkLz4nBvAKBWiVsAcJCWMhRn75A6s4QA3kvPMT54oqdDBFcaGRnU81P2kJNz.jpeg)\n\n\n## 5. Conclusion\n\n\nThe Wedge  pattern is a  simple and  traditional  approach that  can be  easily  passed  on to  fresher  as it does  not require  much understanding,  but it  is not  wise to get  carried away with an  investment  based  solely on a  pattern.A  rising wedge is  formed  when the  market is in an uptrend and a falling wedge is  formed  when the  market is in a downtrend. This  pattern  can be created  by drawing 2 trendlines that  combine  at least  5 resistance and  support  points of which  3 on one trendline  and 2 on another. Traders can  place  buy or  sell orders  at the  right time  when the  price  movement breaks  one of the trendlines and the  market breaks out. This can  help  traders to make  profitable trades.To  properly  trade this  pattern,  make sure the  various steps for  trend  identification for  both Rising and Falling  patterns are  completed  before you  enter a  trade.  also use  an indicator to  filter out  false signals.\n</div>",
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      "author": "sachin08",
      "permlink": "r4btun",
      "title": "",
      "body": "<div class=\"text-justify\">\n\nHello @ayushverma12. Thank you for participating in Crypto Academy Season 5 Week 4 Beginner Course. \n\n|Criteria|Score|\n|-----|----|\n|Presentation / Use of Markdowns|1.5/2|\n|Compliance with topic|1.5/2|\n|Quality of analysis| 0.7/2|\n|Clarity of language|1/1.5|\n|Originality| 1.5/1.5|\n|#club5050|0/1|\n|***Total***|***6.2/10***|\n\n_____\n\n**Feedback and Suggestions -**\n______\n\n\n- You have answered all questions in your own words.\n- You have explained every question in a very simple and understandable language.\n- You have explained question number 2 in a detailed manner which is perfect.\n- You should have provided a chart with indicator in question 3.\n- You have presented charts very well.\n- You have provided wrong trade Setups.\n- Overall work is average.\n\n_____\n\nI appreciate your efforts and will look forward to see your next assignments.</div>",
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      "parent_permlink": "hive-108451",
      "author": "ayushverma12",
      "permlink": "steemit-crypto-academy-season-5-week-5-beginner-s-course-trading-using-wedge-pattern",
      "title": "Steemit Crypto Academy Season 5 Week 5 [Beginner's Course] - Trading Using Wedge Pattern",
      "body": "<div class=\"text-justify\">\n\n\n\n\n\n\n![IMG_20211217_191807.jpg](https://cdn.steemitimages.com/DQmQvv4oiBFq8DZZsT6aRW1hR9sZ7nJP4wP5Mn5J1CSoEYu/IMG_20211217_191807.jpg)\n\n\n\n\n\n\n\n## 1. Explain Wedge Pattern in your own word.\n\n## 2. Explain both types of Wedges and How to identify them in detail. (Screenshots required)\n\n## 3. Do the breakout of these Wedge Patterns produce False Signals sometimes? If yes, then Explain how to filter out these False signals.\n\n## 4. Show full trade setup using this pattern for both types of Wedges.( Entry Point, Take Profit, Stop Loss, Breakout)\n\n## 5. Conclusion\n\n\n![8SzwQc8j2KJZWBXFXnbnQ1FtoZhRqrTWozhqoqWHpGmpmoCfUEpVCB5AkLz4nBvAKBWiVsAcJCWMhRn75A6s4QA3kvPMT54oqdDBFcaGRnU81P2kJNz.jpeg](https://cdn.steemitimages.com/DQmajjW87DDjAXRihVpGQmS6SQkDdomw5LwVPzDPWb2W9K1/8SzwQc8j2KJZWBXFXnbnQ1FtoZhRqrTWozhqoqWHpGmpmoCfUEpVCB5AkLz4nBvAKBWiVsAcJCWMhRn75A6s4QA3kvPMT54oqdDBFcaGRnU81P2kJNz.jpeg)\n\n\n\n## 1. Explain Wedge Pattern in your own word\n\n![IMG_20211217_193717.jpg](https://cdn.steemitimages.com/DQmSz93R4VmTJwT9kfnFU1BDNHEFsKKFSEEh4YhCpf6PA3r/IMG_20211217_193717.jpg)[source](https://www.tradingview.com/symbols/BTCUSD/)\n\n\nThis wedge  pattern, can br  found  at the  top of thr chart and  also  at the buttom of thr chart. Now,  the two  types of wedge  pattern  can be  considered or be  seen  at the  top or buttom of the chart. Rising wedge  pattern is  normally  seen  at the  top of the chart, i.e  when this  shows up,  traders are being alerted that the  market will bearish or  reverse  back  in the  other  direction  which is the bearish movement.\n\nWhen the  market is  moving in a bullish  trend, it reaches a  point  where the  trend pauses signifying a small  appearance of downtrend and  calls for a  trend continuation or reversal. This  means that the  angle  between  the two(2)  trend  lines of the wedge  pattern decreases  as the  market  trend reaches its end.\n\nThe emergence of a wedge  pattern  indicates a  slight  market pause. Such that,  during the emergence of this  pattern in an uptrend,  traders are  observed to  exit the  market  since their bullish  effect  is not  acknowledged  because the  price contracts with a  slight downward  trend. In a downtrend, on  the other hand, the  sellers are perceived as being in a  break  since their  bear  influence  is not  acknowledged  since the  value is shrinking with a  slight upward  trend. \n\n\n![8SzwQc8j2KJZWBXFXnbnQ1FtoZhRqrTWozhqoqWHpGmpmoCfUEpVCB5AkLz4nBvAKBWiVsAcJCWMhRn75A6s4QA3kvPMT54oqdDBFcaGRnU81P2kJNz.jpeg](https://cdn.steemitimages.com/DQmajjW87DDjAXRihVpGQmS6SQkDdomw5LwVPzDPWb2W9K1/8SzwQc8j2KJZWBXFXnbnQ1FtoZhRqrTWozhqoqWHpGmpmoCfUEpVCB5AkLz4nBvAKBWiVsAcJCWMhRn75A6s4QA3kvPMT54oqdDBFcaGRnU81P2kJNz.jpeg)\n\n\n## 2. Explain both types of Wedges and How to identify them in detail. (Screenshots required)\n\nIn wedge  pattern trading,  we have  two  types of wedge:\n\n1. Falling Wedge\n2. Rising Wedge\n\n## The Falling Wedge:\n\nFalling Wedge\nRising Wedge\nThe Falling Wedge:\nWhen I looked at it first time, it looks like a bearish trend, so I thought our lecturer made a mistake, but when I tried to understand it, I discovered it is very correct.The falling Wedge is a bullish trend of a wedge pattern.\n\nIn falling Wedges, when's the two converting trendline are drawn, the consolidations parts ends when the prices actions breaks through the resistances lines and there's will be a Breakout leading to uptrend.\n\nwhen the falling wedge pattern is created, it signal traders that there will be a trend reversal after this pattern is formed, so now when this is formed or created, this is where traders gets ready to enter a buy order in the market.\n\nThis fall is supposed to be a pattern form, meaning that a trendline will be drawn at minimum 2 to 3 peaks to join the peaks together just as in the case above. We can see that in the analysis below.We can also say that a falling wedge is formed after the coming of a downtrend and after the continuation of trend, if the initial trend was seen to be a uptrend or if the initial trend was in a downtrend, a trend reversal will happen.\n\n\n![IMG_20211217_201940.jpg](https://cdn.steemitimages.com/DQmSXbNdaB8jBihs2T6FvrCRbC4zgiLhryse8Fx8q7RuR5L/IMG_20211217_201940.jpg)[source](https://www.tradingview.com/symbols/BTCUSD/)\n\n\n\n\n\n## HOW TO INDENTIFY A FALLING WEDGE:\n\n\n### Formation of  two intersecting  lines:\n\nFormation of two intersecting lines:\nThe line of resistance will be taken from a lower high and the line of support will be taken from lower low.\n\nChecking the compatibility of the prices actions with two down-sloping converting Trendlines; we have to draw two (Resistances and Support) Trendlines that's will converge downwards together with the minors High and lower priced.\n\nTo identify falling wedge, you must ensure that the higher highs and lower lows touch the resistance and support lines as least 5 times.\nIt could be 3 higher highs touching the resistance line and 2 lower lows touching the support line or 2 higher highs touching the resistance line and 3 lower lows touching the support line.\n\nWhen we talk about wedge pattern, so there must be at least 5 touches in the wedge formation. 3 on either and the 2 on another trendline.\n\n### RISING WEDGE:\nThe meeting point of the the support and resistance lines creates a breakout point where there maybe a trend reversal or trend continuation. In the above image, it shows that after the wedge pattern, the price movement shifts to a downtrend and this signals for a bearish period.\n\nWe can also classify rising wedge as a bearish version of wedge pattern because after a price chart in the market rises in the direction of wedge there occurs a breakout that leads to a downward trend in the price chart.Rising Wedge patterns are Usually formed at the end of bullish trends, although they might sometimes take place in downtrends, Which leads to Trend continuations and a later downwards Breakout.\nThe meeting point of the the support and resistance lines creates a breakout point where there maybe a trend reversal or trend continuation. In the above image, it shows that after the wedge pattern, the price movement shifts to a downtrend and this signals for a bearish period.\nit signal traders that there will be a trend reversal after this pattern is formed, so now when this is formed or created, this is where traders gets ready to enter a sell order in the market.The convergence of the upper Trendline called resistance and the lower Trendline called support are usually connected by two or more highs and lows. The market usually bounces off and back between these two Trendlines in an upward direction. And at the end of the bullish period, there is usually a trend reversal into a bearish trend where the market price moves in a downtrend.\n\n\n![IMG_20211217_204347.jpg](https://cdn.steemitimages.com/DQmePKjnBjPc2fqzkRP97b8WXsaY56cD9Tqkjed7Ejn6eoC/IMG_20211217_204347.jpg)[source](https://www.tradingview.com/symbols/BTCUSD/)\n\n\n\n\n\n\n## HOW TO IDENTIFY A RISING WEDGE\nThe volume in the volume indicator should be falling meaning that it should be in a downtrend\n\nFormation of two intersecting lines: We draw two obtuse lines in order to get the same wedge pattern. The line of resistance will be taken from a minor high and the line of support will be taken from minor low. The lines are taken to point of intersection of both.\n\nAnother characteristic of rising wedge is a decrease in the price action volume as the channel goes uptrend. This is because the buyers who have been controlling of the market is losing strength and sellers are getting ready to take over the market.\n\nWe have to draw two upward sliding trendlines. One of them is drawn to join the resistance points of the candles and the second one is drawn to join the support points of the candles.\n![8SzwQc8j2KJZWBXFXnbnQ1FtoZhRqrTWozhqoqWHpGmpmoCfUEpVCB5AkLz4nBvAKBWiVsAcJCWMhRn75A6s4QA3kvPMT54oqdDBFcaGRnU81P2kJNz.jpeg](https://cdn.steemitimages.com/DQmajjW87DDjAXRihVpGQmS6SQkDdomw5LwVPzDPWb2W9K1/8SzwQc8j2KJZWBXFXnbnQ1FtoZhRqrTWozhqoqWHpGmpmoCfUEpVCB5AkLz4nBvAKBWiVsAcJCWMhRn75A6s4QA3kvPMT54oqdDBFcaGRnU81P2kJNz.jpeg)\n\n## 3. Do the breakout of these Wedge Patterns produce False Signals sometimes? If yes, then Explain how to filter out these False signals.\n\nwe use  patterns to  identify  the next  price movement. But  it is a  common  issue that the  identified  pattern breakout  may leads  to give  false  signals. These  false  signals  may urge you of  entering and exiting to the  market at a  wrong time. So the  traders  may  lead to  huge losses sometimes.\nwe use  patterns to  identify  the next  price movement. But  it is a  common  issue that the  identified  pattern breakout  may leads  to give  false  signals. These  false  signals  may urge you of  entering and exiting to the  market at a  wrong time. So the  traders  may  lead to  huge losses sometimes.we use  patterns to  identify  the next  price movement. But  it is a  common  issue that the  identified  pattern breakout  may leads  to give  false  signals. These  false  signals  may urge you of  entering and exiting to the  market at a  wrong time. So the  traders  may  lead to  huge losses sometimes.To  overcome this  false  signal given wedge  patterns, I  think  using of momentum  based  indicators like MACD,RSI  indicators will  help to  identify  false  signals. \n\n\n\n![IMG_20211217_210623.jpg](https://cdn.steemitimages.com/DQmbhR25LRBC8PrXiNurzTWS9ugEDx2CbodLXAE8T3bN4TS/IMG_20211217_210623.jpg)[source](https://www.tradingview.com/symbols/BTCUSD/)\n\n\n![8SzwQc8j2KJZWBXFXnbnQ1FtoZhRqrTWozhqoqWHpGmpmoCfUEpVCB5AkLz4nBvAKBWiVsAcJCWMhRn75A6s4QA3kvPMT54oqdDBFcaGRnU81P2kJNz.jpeg](https://cdn.steemitimages.com/DQmajjW87DDjAXRihVpGQmS6SQkDdomw5LwVPzDPWb2W9K1/8SzwQc8j2KJZWBXFXnbnQ1FtoZhRqrTWozhqoqWHpGmpmoCfUEpVCB5AkLz4nBvAKBWiVsAcJCWMhRn75A6s4QA3kvPMT54oqdDBFcaGRnU81P2kJNz.jpeg)\n\n## 4. Show full trade setup using this pattern for both types of Wedges.( Entry Point, Take Profit, Stop Loss, Breakout)\n\n### Rising Wedge Trading Setup .\n\n![grade7-falling-wedge-reversal-before.png](https://cdn.steemitimages.com/DQmZ2pkAmFeFMS3opFgKap47kgy1zN2Bx9vhuAuN5deerAL/grade7-falling-wedge-reversal-before.png)[source](https://www.google.com/imgres?imgurl=https%3A%2F%2Fbpcdn.co%2Fimages%2F2016%2F05%2Fgrade7-falling-wedge-reversal-before.png&imgrefurl=https%3A%2F%2Fwww.babypips.com%2Flearn%2Fforex%2Fwedges&tbnid=s_gLdsMtGZtjOM&vet=1&docid=PvY7ptVyh-JWwM&w=440&h=359&hl=en-US&source=sh%2Fx%2Fim)\nWhen the sellers took over the market and forced the price to break the support line, there was a breakout.In the chart, you can see the two converging trendlines are forming an upward slopping triangular shape and that the volume is trending downward in the formation of Rising Wedge.As you can see from the chart, we have our both trend lines, we have Mark our Breakout positions and our entry positions as we'll. This is because the movements before Breakout is usually in an upwards directions and the breakout created rooms for downwards movements or Bearish trend\n\n### TRADE SETUP USING FALLING WEDGE PATTERN\n\n\n![grade7-falling-wedge-reversal-after2.png](https://cdn.steemitimages.com/DQmNceHAgGqXbFTJKR3TDcavoDDL7cc6maGezR4asZ1b4nr/grade7-falling-wedge-reversal-after2.png)[source](https://images.app.goo.gl/J2kPHs4Q67THX94G7)\n\nIn the charts, you can sew that the two converting trendlines are drawn and the consolidations parts end's when's the price action Break through the Resistances line and there WAS a breakout leading to uptrend.This is also falling Wedge pattern which am using to performance this trade. As we discussed, that when a falling wedge patterns is formed, we have to get ready to enter a buy position.This is also falling wedge pattern which am using to perform this trade. As we discussed, that when a falling wedge pattern is formed, we have to get ready to enter a buy position.It is obvious that if we want to buy some assets at the right time, we should look for a Falling wedge which can occur during a bearish trend which may be at the bottom, so after it mostly trend reversal occurs and then the market goes Bullish that is why the falling wedge is also called Bullish version of the Wedge.\n\n\n\n\n![8SzwQc8j2KJZWBXFXnbnQ1FtoZhRqrTWozhqoqWHpGmpmoCfUEpVCB5AkLz4nBvAKBWiVsAcJCWMhRn75A6s4QA3kvPMT54oqdDBFcaGRnU81P2kJNz.jpeg](https://cdn.steemitimages.com/DQmajjW87DDjAXRihVpGQmS6SQkDdomw5LwVPzDPWb2W9K1/8SzwQc8j2KJZWBXFXnbnQ1FtoZhRqrTWozhqoqWHpGmpmoCfUEpVCB5AkLz4nBvAKBWiVsAcJCWMhRn75A6s4QA3kvPMT54oqdDBFcaGRnU81P2kJNz.jpeg)\n\n\n## 5. Conclusion\n\n\nThe Wedge  pattern is a  simple and  traditional  approach that  can be  easily  passed  on to  fresher  as it does  not require  much understanding,  but it  is not  wise to get  carried away with an  investment  based  solely on a  pattern.A  rising wedge is  formed  when the  market is in an uptrend and a falling wedge is  formed  when the  market is in a downtrend. This  pattern  can be created  by drawing 2 trendlines that  combine  at least  5 resistance and  support  points of which  3 on one trendline  and 2 on another. Traders can  place  buy or  sell orders  at the  right time  when the  price  movement breaks  one of the trendlines and the  market breaks out. This can  help  traders to make  profitable trades.To  properly  trade this  pattern,  make sure the  various steps for  trend  identification for  both Rising and Falling  patterns are  completed  before you  enter a  trade.  also use  an indicator to  filter out  false signals.\n</div>",
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      "author": "ayushverma12",
      "permlink": "steemit-crypto-academy-season-5-week-5-beginner-s-course-trading-using-wedge-pattern",
      "title": "Steemit Crypto Academy Season 5 Week 5 [Beginner's Course] - Trading Using Wedge Pattern",
      "body": "<div class=\"text-justify\">\n\n\n\n\n\n\n![IMG_20211217_191807.jpg](https://cdn.steemitimages.com/DQmQvv4oiBFq8DZZsT6aRW1hR9sZ7nJP4wP5Mn5J1CSoEYu/IMG_20211217_191807.jpg)\n\n\n\n\n\n\n\n## 1. Explain Wedge Pattern in your own word.\n\n## 2. Explain both types of Wedges and How to identify them in detail. (Screenshots required)\n\n## 3. Do the breakout of these Wedge Patterns produce False Signals sometimes? If yes, then Explain how to filter out these False signals.\n\n## 4. Show full trade setup using this pattern for both types of Wedges.( Entry Point, Take Profit, Stop Loss, Breakout)\n\n## 5. Conclusion\n\n\n![8SzwQc8j2KJZWBXFXnbnQ1FtoZhRqrTWozhqoqWHpGmpmoCfUEpVCB5AkLz4nBvAKBWiVsAcJCWMhRn75A6s4QA3kvPMT54oqdDBFcaGRnU81P2kJNz.jpeg](https://cdn.steemitimages.com/DQmajjW87DDjAXRihVpGQmS6SQkDdomw5LwVPzDPWb2W9K1/8SzwQc8j2KJZWBXFXnbnQ1FtoZhRqrTWozhqoqWHpGmpmoCfUEpVCB5AkLz4nBvAKBWiVsAcJCWMhRn75A6s4QA3kvPMT54oqdDBFcaGRnU81P2kJNz.jpeg)\n\n\n\n## 1. Explain Wedge Pattern in your own word\n\n![IMG_20211217_193717.jpg](https://cdn.steemitimages.com/DQmSz93R4VmTJwT9kfnFU1BDNHEFsKKFSEEh4YhCpf6PA3r/IMG_20211217_193717.jpg)[source](https://www.tradingview.com/symbols/BTCUSD/)\n\n\nThis wedge  pattern, can br  found  at the  top of thr chart and  also  at the buttom of thr chart. Now,  the two  types of wedge  pattern  can be  considered or be  seen  at the  top or buttom of the chart. Rising wedge  pattern is  normally  seen  at the  top of the chart, i.e  when this  shows up,  traders are being alerted that the  market will bearish or  reverse  back  in the  other  direction  which is the bearish movement.\n\nWhen the  market is  moving in a bullish  trend, it reaches a  point  where the  trend pauses signifying a small  appearance of downtrend and  calls for a  trend continuation or reversal. This  means that the  angle  between  the two(2)  trend  lines of the wedge  pattern decreases  as the  market  trend reaches its end.\n\nThe emergence of a wedge  pattern  indicates a  slight  market pause. Such that,  during the emergence of this  pattern in an uptrend,  traders are  observed to  exit the  market  since their bullish  effect  is not  acknowledged  because the  price contracts with a  slight downward  trend. In a downtrend, on  the other hand, the  sellers are perceived as being in a  break  since their  bear  influence  is not  acknowledged  since the  value is shrinking with a  slight upward  trend. \n\n\n![8SzwQc8j2KJZWBXFXnbnQ1FtoZhRqrTWozhqoqWHpGmpmoCfUEpVCB5AkLz4nBvAKBWiVsAcJCWMhRn75A6s4QA3kvPMT54oqdDBFcaGRnU81P2kJNz.jpeg](https://cdn.steemitimages.com/DQmajjW87DDjAXRihVpGQmS6SQkDdomw5LwVPzDPWb2W9K1/8SzwQc8j2KJZWBXFXnbnQ1FtoZhRqrTWozhqoqWHpGmpmoCfUEpVCB5AkLz4nBvAKBWiVsAcJCWMhRn75A6s4QA3kvPMT54oqdDBFcaGRnU81P2kJNz.jpeg)\n\n\n## 2. Explain both types of Wedges and How to identify them in detail. (Screenshots required)\n\nIn wedge  pattern trading,  we have  two  types of wedge:\n\n1. Falling Wedge\n2. Rising Wedge\n\n## The Falling Wedge:\n\nWhen I  looked at it first time, it  looks like a bearish  trend, so I  thought our lecturer made a mistake,  but  when I  tried to  understand it, I  discovered  it is very correct.The falling Wedge is a bullish  trend of a wedge  pattern. \n\nIn falling Wedge,  when  the two converging trendline are drawn, the consolidation  part ends  when the  price  action breaks  through the resistance line and there  will be a breakout  leading to uptrend.\n\n when the falling wedge  pattern is created, it  signal  traders that there  will be a  trend reversal after this  pattern is  formed, so now  when  this is  formed or created,  this is  where  traders  gets  ready  to enter a  buy order  in the market.\n\nThis fall  is supposed to be a  pattern form,  meaning  that a trendline  will be drawn at  minimum 2  to 3 peaks  to join the peaks  together  just as  in the case above. We can see that  in the  analysis below.We  can also say  that a falling wedge is  formed after  the coming of a downtrend and after the continuation of  trend, if the  initial  trend  was  seen to be a uptrend or if the  initial  trend  was in a downtrend, a  trend reversal will happen. \n\n\n![IMG_20211217_201940.jpg](https://cdn.steemitimages.com/DQmSXbNdaB8jBihs2T6FvrCRbC4zgiLhryse8Fx8q7RuR5L/IMG_20211217_201940.jpg)[source](https://www.tradingview.com/symbols/BTCUSD/)\n\n\n\n\n\n## HOW TO INDENTIFY A FALLING WEDGE:\n\n\n### Formation of  two intersecting  lines:\n\n1. The line of resistance  will be taken from a  lower  high and  the line of  support  will be taken from  lower low. \n\n2. Check the compatibility of the  price  action with  two down-sloping converging Trendlines; we  have to draw  two (Resistance and Support) Trendlines  that will converge downwards  together with the minor  high  and low prices.\n\n 3. To  identify falling wedge, you  must  ensure that the  higher highs and  lower lows  touch the resistance and  support  lines as least  5 times.\nIt  could be  3  higher highs touching the resistance line  and 2  lower lows touching the  support line or 2  higher highs touching the resistance line  and 3  lower lows touching the  support line.\n\n4. When we  talk  about wedge  pattern, so there  must be  at least  5 touches  in the wedge formation.  3 on  either and  the 2 on  another trendline. \n\n## RISING WEDGE:\n\nThe  meeting  point of the the  support and resistance  lines creates a breakout  point  where there  maybe a  trend reversal or  trend continuation. In the above image, it  shows  that after the wedge  pattern, the  price  movement shifts to a downtrend and this  signals for a bearish period.\n\nWe  can also classify  rising wedge as a bearish  version of wedge  pattern  because after a  price chart  in the  market rises  in the  direction of wedge there  occurs a breakout that  leads to a downward  trend  in the  price chart.Rising Wedge  patterns are Usually  formed  at the  end of bullish trends,  although  they might  sometimes take  place in downtrends,  which leads to  trend continuation and a later downward breakout.\nThe  meeting  point of the the  support and resistance  lines creates a breakout  point  where there  maybe a  trend reversal or  trend continuation. In the above image, it  shows  that after the wedge  pattern, the  price  movement shifts to a downtrend and this  signals for a bearish period.\nit  signal  traders that there  will be a  trend reversal after this  pattern is  formed, so now  when  this is  formed or created,  this is  where  traders  gets  ready  to enter a  sell order  in the  market.The convergence of the  upper Trendline  called resistance and the  lower Trendline  called  support are  usually  connected  by  two or  more highs and lows. The  market  usually bounces off and  back  between  these  two Trendlines in an upward  direction. And  at the  end of the bullish period, there  is usually a  trend reversal  into a bearish  trend  where the  market  price  moves in a downtrend. \n\n\n![IMG_20211217_204347.jpg](https://cdn.steemitimages.com/DQmePKjnBjPc2fqzkRP97b8WXsaY56cD9Tqkjed7Ejn6eoC/IMG_20211217_204347.jpg)[source](https://www.tradingview.com/symbols/BTCUSD/)\n\n\n\n\n\n\n## HOW TO IDENTIFY A RISING WEDGE\n\n1. The  volume  in the  volume indicator  should be falling  meaning that it  should be in a downtrend\n\n2. Formation of  two intersecting  lines: We draw  two obtuse  lines  in order to get the  same wedge pattern. The line of resistance  will be taken from a minor  high and  the line of  support  will be taken from minor low. The  lines are taken to  point of intersection of both.\n\n3. Another  characteristic of  rising wedge is a  decrease  in the  price  action  volume  as the channel  goes uptrend. This is  because the  buyers  who have been controlling of the  market is  losing  strength and  sellers are  getting ready to take over the  market.\n\n4. We  have to draw  two upward sliding trendlines. One of them is drawn  to join the resistance  points of the candles and  the second one is drawn  to join the  support  points of the candles. \n\n\n![8SzwQc8j2KJZWBXFXnbnQ1FtoZhRqrTWozhqoqWHpGmpmoCfUEpVCB5AkLz4nBvAKBWiVsAcJCWMhRn75A6s4QA3kvPMT54oqdDBFcaGRnU81P2kJNz.jpeg](https://cdn.steemitimages.com/DQmajjW87DDjAXRihVpGQmS6SQkDdomw5LwVPzDPWb2W9K1/8SzwQc8j2KJZWBXFXnbnQ1FtoZhRqrTWozhqoqWHpGmpmoCfUEpVCB5AkLz4nBvAKBWiVsAcJCWMhRn75A6s4QA3kvPMT54oqdDBFcaGRnU81P2kJNz.jpeg)\n\n## 3. Do the breakout of these Wedge Patterns produce False Signals sometimes? If yes, then Explain how to filter out these False signals.\n\nwe use  patterns to  identify  the next  price movement. But  it is a  common  issue that the  identified  pattern breakout  may leads  to give  false  signals. These  false  signals  may urge you of  entering and exiting to the  market at a  wrong time. So the  traders  may  lead to  huge losses sometimes.\nwe use  patterns to  identify  the next  price movement. But  it is a  common  issue that the  identified  pattern breakout  may leads  to give  false  signals. These  false  signals  may urge you of  entering and exiting to the  market at a  wrong time. So the  traders  may  lead to  huge losses sometimes.we use  patterns to  identify  the next  price movement. But  it is a  common  issue that the  identified  pattern breakout  may leads  to give  false  signals. These  false  signals  may urge you of  entering and exiting to the  market at a  wrong time. So the  traders  may  lead to  huge losses sometimes.To  overcome this  false  signal given wedge  patterns, I  think  using of momentum  based  indicators like MACD,RSI  indicators will  help to  identify  false  signals. \n\n\n\n![IMG_20211217_210623.jpg](https://cdn.steemitimages.com/DQmbhR25LRBC8PrXiNurzTWS9ugEDx2CbodLXAE8T3bN4TS/IMG_20211217_210623.jpg)[source](https://www.tradingview.com/symbols/BTCUSD/)\n\n\n![8SzwQc8j2KJZWBXFXnbnQ1FtoZhRqrTWozhqoqWHpGmpmoCfUEpVCB5AkLz4nBvAKBWiVsAcJCWMhRn75A6s4QA3kvPMT54oqdDBFcaGRnU81P2kJNz.jpeg](https://cdn.steemitimages.com/DQmajjW87DDjAXRihVpGQmS6SQkDdomw5LwVPzDPWb2W9K1/8SzwQc8j2KJZWBXFXnbnQ1FtoZhRqrTWozhqoqWHpGmpmoCfUEpVCB5AkLz4nBvAKBWiVsAcJCWMhRn75A6s4QA3kvPMT54oqdDBFcaGRnU81P2kJNz.jpeg)\n\n## 4. Show full trade setup using this pattern for both types of Wedges.( Entry Point, Take Profit, Stop Loss, Breakout)\n\n### Rising Wedge Trading Setup .\n\n![grade7-falling-wedge-reversal-before.png](https://cdn.steemitimages.com/DQmZ2pkAmFeFMS3opFgKap47kgy1zN2Bx9vhuAuN5deerAL/grade7-falling-wedge-reversal-before.png)[source](https://www.google.com/imgres?imgurl=https%3A%2F%2Fbpcdn.co%2Fimages%2F2016%2F05%2Fgrade7-falling-wedge-reversal-before.png&imgrefurl=https%3A%2F%2Fwww.babypips.com%2Flearn%2Fforex%2Fwedges&tbnid=s_gLdsMtGZtjOM&vet=1&docid=PvY7ptVyh-JWwM&w=440&h=359&hl=en-US&source=sh%2Fx%2Fim)\n\nWhen the  sellers took over the  market and  forced the  price  to break the  support line,  there was a breakout.In the chart,  you can see  the two converging trendlines are forming an upward slopping triangular  shape and that the  volume is trending downward  in the formation of Rising Wedge.As  you can see from the chart,  we have our  both  trend lines,  we have mark our breakout  position and our  entry  position as well. This is  because the  movement  before breakout is  usually in an upward  direction and the breakout creates room for downward  movement or bearish  trend \n\n### TRADE SETUP USING FALLING WEDGE PATTERN\n\n\n![grade7-falling-wedge-reversal-after2.png](https://cdn.steemitimages.com/DQmNceHAgGqXbFTJKR3TDcavoDDL7cc6maGezR4asZ1b4nr/grade7-falling-wedge-reversal-after2.png)[source](https://images.app.goo.gl/J2kPHs4Q67THX94G7)\n\n\n\n\nIn the chart,  you can see that  the two converging trendlines are drawn and the consolidation  part ends  when the  price  action breaks  through the resistance line and  there was a breakout  leading to uptrend.This  is also falling wedge  pattern which am  using to  perform this trade. As we discussed,  that when a falling wedge  pattern is formed, we  have to get  ready  to enter a  buy position.This  is also falling wedge  pattern which am  using to  perform this trade. As we discussed,  that when a falling wedge  pattern is formed, we  have to get  ready  to enter a  buy position.It  is obvious that if we  want  to buy  some  assets  at the  right time, we  should  look for a Falling wedge  which can  occur  during a bearish  trend which  may be  at the bottom, so after it  mostly  trend reversal  occurs  and then the  market  goes Bullish  that is why the falling wedge  is also  called Bullish  version of the Wedge. \n\n![8SzwQc8j2KJZWBXFXnbnQ1FtoZhRqrTWozhqoqWHpGmpmoCfUEpVCB5AkLz4nBvAKBWiVsAcJCWMhRn75A6s4QA3kvPMT54oqdDBFcaGRnU81P2kJNz.jpeg](https://cdn.steemitimages.com/DQmajjW87DDjAXRihVpGQmS6SQkDdomw5LwVPzDPWb2W9K1/8SzwQc8j2KJZWBXFXnbnQ1FtoZhRqrTWozhqoqWHpGmpmoCfUEpVCB5AkLz4nBvAKBWiVsAcJCWMhRn75A6s4QA3kvPMT54oqdDBFcaGRnU81P2kJNz.jpeg)\n\n\n## 5. Conclusion\n\n\nThe Wedge  pattern is a  simple and  traditional  approach that  can be  easily  passed  on to  fresher  as it does  not require  much understanding,  but it  is not  wise to get  carried away with an  investment  based  solely on a  pattern.A  rising wedge is  formed  when the  market is in an uptrend and a falling wedge is  formed  when the  market is in a downtrend. This  pattern  can be created  by drawing 2 trendlines that  combine  at least  5 resistance and  support  points of which  3 on one trendline  and 2 on another. Traders can  place  buy or  sell orders  at the  right time  when the  price  movement breaks  one of the trendlines and the  market breaks out. This can  help  traders to make  profitable trades.To  properly  trade this  pattern,  make sure the  various steps for  trend  identification for  both Rising and Falling  patterns are  completed  before you  enter a  trade.  also use  an indicator to  filter out  false signals.\n</div>",
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      "parent_permlink": "hive-108451",
      "author": "ayushverma12",
      "permlink": "steemit-crypto-academy-season-5-week-5-beginner-s-course-trading-using-wedge-pattern",
      "title": "Steemit Crypto Academy Season 5 Week 5 [Beginner's Course] - Trading Using Wedge Pattern",
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    {
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      "parent_permlink": "hive-108451",
      "author": "ayushverma12",
      "permlink": "steemit-crypto-academy-season-5-week-5-beginner-s-course-trading-using-wedge-pattern",
      "title": "Steemit Crypto Academy Season 5 Week 5 [Beginner's Course] - Trading Using Wedge Pattern",
      "body": "![IMG_20211217_191807.jpg](https://cdn.steemitimages.com/DQmQvv4oiBFq8DZZsT6aRW1hR9sZ7nJP4wP5Mn5J1CSoEYu/IMG_20211217_191807.jpg)\n\n\n\n\n\n\n\n## 1. Explain Wedge Pattern in your own word.\n\n## 2. Explain both types of Wedges and How to identify them in detail. (Screenshots required)\n\n## 3. Do the breakout of these Wedge Patterns produce False Signals sometimes? If yes, then Explain how to filter out these False signals.\n\n## 4. Show full trade setup using this pattern for both types of Wedges.( Entry Point, Take Profit, Stop Loss, Breakout)\n\n## 5. Conclusion\n\n\n![8SzwQc8j2KJZWBXFXnbnQ1FtoZhRqrTWozhqoqWHpGmpmoCfUEpVCB5AkLz4nBvAKBWiVsAcJCWMhRn75A6s4QA3kvPMT54oqdDBFcaGRnU81P2kJNz.jpeg](https://cdn.steemitimages.com/DQmajjW87DDjAXRihVpGQmS6SQkDdomw5LwVPzDPWb2W9K1/8SzwQc8j2KJZWBXFXnbnQ1FtoZhRqrTWozhqoqWHpGmpmoCfUEpVCB5AkLz4nBvAKBWiVsAcJCWMhRn75A6s4QA3kvPMT54oqdDBFcaGRnU81P2kJNz.jpeg)\n\n\n\n## 1. Explain Wedge Pattern in your own word\n\n![IMG_20211217_193717.jpg](https://cdn.steemitimages.com/DQmSz93R4VmTJwT9kfnFU1BDNHEFsKKFSEEh4YhCpf6PA3r/IMG_20211217_193717.jpg)[source](https://www.tradingview.com/symbols/BTCUSD/)\n\n\nThis wedge  pattern, can br  found  at the  top of thr chart and  also  at the buttom of thr chart. Now,  the two  types of wedge  pattern  can be  considered or be  seen  at the  top or buttom of the chart. Rising wedge  pattern is  normally  seen  at the  top of the chart, i.e  when this  shows up,  traders are being alerted that the  market will bearish or  reverse  back  in the  other  direction  which is the bearish movement.\n\nWhen the  market is  moving in a bullish  trend, it reaches a  point  where the  trend pauses signifying a small  appearance of downtrend and  calls for a  trend continuation or reversal. This  means that the  angle  between  the two(2)  trend  lines of the wedge  pattern decreases  as the  market  trend reaches its end.\n\nThe emergence of a wedge  pattern  indicates a  slight  market pause. Such that,  during the emergence of this  pattern in an uptrend,  traders are  observed to  exit the  market  since their bullish  effect  is not  acknowledged  because the  price contracts with a  slight downward  trend. In a downtrend, on  the other hand, the  sellers are perceived as being in a  break  since their  bear  influence  is not  acknowledged  since the  value is shrinking with a  slight upward  trend. \n\n\n![8SzwQc8j2KJZWBXFXnbnQ1FtoZhRqrTWozhqoqWHpGmpmoCfUEpVCB5AkLz4nBvAKBWiVsAcJCWMhRn75A6s4QA3kvPMT54oqdDBFcaGRnU81P2kJNz.jpeg](https://cdn.steemitimages.com/DQmajjW87DDjAXRihVpGQmS6SQkDdomw5LwVPzDPWb2W9K1/8SzwQc8j2KJZWBXFXnbnQ1FtoZhRqrTWozhqoqWHpGmpmoCfUEpVCB5AkLz4nBvAKBWiVsAcJCWMhRn75A6s4QA3kvPMT54oqdDBFcaGRnU81P2kJNz.jpeg)\n\n\n## 2. Explain both types of Wedges and How to identify them in detail. (Screenshots required)\n\nIn wedge  pattern trading,  we have  two  types of wedge:\n\n1. Falling Wedge\n2. Rising Wedge\n\n## The Falling Wedge:\n\nWhen I  looked at it first time, it  looks like a bearish  trend, so I  thought our lecturer made a mistake,  but  when I  tried to  understand it, I  discovered  it is very correct.The falling Wedge is a bullish  trend of a wedge  pattern. \n\nIn falling Wedge,  when  the two converging trendline are drawn, the consolidation  part ends  when the  price  action breaks  through the resistance line and there  will be a breakout  leading to uptrend.\n\n when the falling wedge  pattern is created, it  signal  traders that there  will be a  trend reversal after this  pattern is  formed, so now  when  this is  formed or created,  this is  where  traders  gets  ready  to enter a  buy order  in the market.\n\nThis fall  is supposed to be a  pattern form,  meaning  that a trendline  will be drawn at  minimum 2  to 3 peaks  to join the peaks  together  just as  in the case above. We can see that  in the  analysis below.We  can also say  that a falling wedge is  formed after  the coming of a downtrend and after the continuation of  trend, if the  initial  trend  was  seen to be a uptrend or if the  initial  trend  was in a downtrend, a  trend reversal will happen. \n\n\n![IMG_20211217_201940.jpg](https://cdn.steemitimages.com/DQmSXbNdaB8jBihs2T6FvrCRbC4zgiLhryse8Fx8q7RuR5L/IMG_20211217_201940.jpg)[source](https://www.tradingview.com/symbols/BTCUSD/)\n\n\n\n\n\n## HOW TO INDENTIFY A FALLING WEDGE:\n\n\n### Formation of  two intersecting  lines:\n\n1. The line of resistance  will be taken from a  lower  high and  the line of  support  will be taken from  lower low. \n\n2. Check the compatibility of the  price  action with  two down-sloping converging Trendlines; we  have to draw  two (Resistance and Support) Trendlines  that will converge downwards  together with the minor  high  and low prices.\n\n 3. To  identify falling wedge, you  must  ensure that the  higher highs and  lower lows  touch the resistance and  support  lines as least  5 times.\nIt  could be  3  higher highs touching the resistance line  and 2  lower lows touching the  support line or 2  higher highs touching the resistance line  and 3  lower lows touching the  support line.\n\n4. When we  talk  about wedge  pattern, so there  must be  at least  5 touches  in the wedge formation.  3 on  either and  the 2 on  another trendline. \n\n## RISING WEDGE:\n\nThe  meeting  point of the the  support and resistance  lines creates a breakout  point  where there  maybe a  trend reversal or  trend continuation. In the above image, it  shows  that after the wedge  pattern, the  price  movement shifts to a downtrend and this  signals for a bearish period.\n\nWe  can also classify  rising wedge as a bearish  version of wedge  pattern  because after a  price chart  in the  market rises  in the  direction of wedge there  occurs a breakout that  leads to a downward  trend  in the  price chart.Rising Wedge  patterns are Usually  formed  at the  end of bullish trends,  although  they might  sometimes take  place in downtrends,  which leads to  trend continuation and a later downward breakout.\nThe  meeting  point of the the  support and resistance  lines creates a breakout  point  where there  maybe a  trend reversal or  trend continuation. In the above image, it  shows  that after the wedge  pattern, the  price  movement shifts to a downtrend and this  signals for a bearish period.\nit  signal  traders that there  will be a  trend reversal after this  pattern is  formed, so now  when  this is  formed or created,  this is  where  traders  gets  ready  to enter a  sell order  in the  market.The convergence of the  upper Trendline  called resistance and the  lower Trendline  called  support are  usually  connected  by  two or  more highs and lows. The  market  usually bounces off and  back  between  these  two Trendlines in an upward  direction. And  at the  end of the bullish period, there  is usually a  trend reversal  into a bearish  trend  where the  market  price  moves in a downtrend. \n\n\n![IMG_20211217_204347.jpg](https://cdn.steemitimages.com/DQmePKjnBjPc2fqzkRP97b8WXsaY56cD9Tqkjed7Ejn6eoC/IMG_20211217_204347.jpg)[source](https://www.tradingview.com/symbols/BTCUSD/)\n\n\n\n\n\n\n## HOW TO IDENTIFY A RISING WEDGE\n\n1. The  volume  in the  volume indicator  should be falling  meaning that it  should be in a downtrend\n\n2. Formation of  two intersecting  lines: We draw  two obtuse  lines  in order to get the  same wedge pattern. The line of resistance  will be taken from a minor  high and  the line of  support  will be taken from minor low. The  lines are taken to  point of intersection of both.\n\n3. Another  characteristic of  rising wedge is a  decrease  in the  price  action  volume  as the channel  goes uptrend. This is  because the  buyers  who have been controlling of the  market is  losing  strength and  sellers are  getting ready to take over the  market.\n\n4. We  have to draw  two upward sliding trendlines. One of them is drawn  to join the resistance  points of the candles and  the second one is drawn  to join the  support  points of the candles. \n\n\n![8SzwQc8j2KJZWBXFXnbnQ1FtoZhRqrTWozhqoqWHpGmpmoCfUEpVCB5AkLz4nBvAKBWiVsAcJCWMhRn75A6s4QA3kvPMT54oqdDBFcaGRnU81P2kJNz.jpeg](https://cdn.steemitimages.com/DQmajjW87DDjAXRihVpGQmS6SQkDdomw5LwVPzDPWb2W9K1/8SzwQc8j2KJZWBXFXnbnQ1FtoZhRqrTWozhqoqWHpGmpmoCfUEpVCB5AkLz4nBvAKBWiVsAcJCWMhRn75A6s4QA3kvPMT54oqdDBFcaGRnU81P2kJNz.jpeg)\n\n## 3. Do the breakout of these Wedge Patterns produce False Signals sometimes? If yes, then Explain how to filter out these False signals.\n\nwe use  patterns to  identify  the next  price movement. But  it is a  common  issue that the  identified  pattern breakout  may leads  to give  false  signals. These  false  signals  may urge you of  entering and exiting to the  market at a  wrong time. So the  traders  may  lead to  huge losses sometimes.\nwe use  patterns to  identify  the next  price movement. But  it is a  common  issue that the  identified  pattern breakout  may leads  to give  false  signals. These  false  signals  may urge you of  entering and exiting to the  market at a  wrong time. So the  traders  may  lead to  huge losses sometimes.we use  patterns to  identify  the next  price movement. But  it is a  common  issue that the  identified  pattern breakout  may leads  to give  false  signals. These  false  signals  may urge you of  entering and exiting to the  market at a  wrong time. So the  traders  may  lead to  huge losses sometimes.To  overcome this  false  signal given wedge  patterns, I  think  using of momentum  based  indicators like MACD,RSI  indicators will  help to  identify  false  signals. \n\n\n\n![IMG_20211217_210623.jpg](https://cdn.steemitimages.com/DQmbhR25LRBC8PrXiNurzTWS9ugEDx2CbodLXAE8T3bN4TS/IMG_20211217_210623.jpg)[source](https://www.tradingview.com/symbols/BTCUSD/)\n\n\n![8SzwQc8j2KJZWBXFXnbnQ1FtoZhRqrTWozhqoqWHpGmpmoCfUEpVCB5AkLz4nBvAKBWiVsAcJCWMhRn75A6s4QA3kvPMT54oqdDBFcaGRnU81P2kJNz.jpeg](https://cdn.steemitimages.com/DQmajjW87DDjAXRihVpGQmS6SQkDdomw5LwVPzDPWb2W9K1/8SzwQc8j2KJZWBXFXnbnQ1FtoZhRqrTWozhqoqWHpGmpmoCfUEpVCB5AkLz4nBvAKBWiVsAcJCWMhRn75A6s4QA3kvPMT54oqdDBFcaGRnU81P2kJNz.jpeg)\n\n## 4. Show full trade setup using this pattern for both types of Wedges.( Entry Point, Take Profit, Stop Loss, Breakout)\n\n### Rising Wedge Trading Setup .\n\n![grade7-falling-wedge-reversal-before.png](https://cdn.steemitimages.com/DQmZ2pkAmFeFMS3opFgKap47kgy1zN2Bx9vhuAuN5deerAL/grade7-falling-wedge-reversal-before.png)[source](https://www.google.com/imgres?imgurl=https%3A%2F%2Fbpcdn.co%2Fimages%2F2016%2F05%2Fgrade7-falling-wedge-reversal-before.png&imgrefurl=https%3A%2F%2Fwww.babypips.com%2Flearn%2Fforex%2Fwedges&tbnid=s_gLdsMtGZtjOM&vet=1&docid=PvY7ptVyh-JWwM&w=440&h=359&hl=en-US&source=sh%2Fx%2Fim)\n\nWhen the  sellers took over the  market and  forced the  price  to break the  support line,  there was a breakout.In the chart,  you can see  the two converging trendlines are forming an upward slopping triangular  shape and that the  volume is trending downward  in the formation of Rising Wedge.As  you can see from the chart,  we have our  both  trend lines,  we have mark our breakout  position and our  entry  position as well. This is  because the  movement  before breakout is  usually in an upward  direction and the breakout creates room for downward  movement or bearish  trend \n\n### TRADE SETUP USING FALLING WEDGE PATTERN\n\n\n![grade7-falling-wedge-reversal-after2.png](https://cdn.steemitimages.com/DQmNceHAgGqXbFTJKR3TDcavoDDL7cc6maGezR4asZ1b4nr/grade7-falling-wedge-reversal-after2.png)[source](https://images.app.goo.gl/J2kPHs4Q67THX94G7)\n\n\n\n\nIn the chart,  you can see that  the two converging trendlines are drawn and the consolidation  part ends  when the  price  action breaks  through the resistance line and  there was a breakout  leading to uptrend.This  is also falling wedge  pattern which am  using to  perform this trade. As we discussed,  that when a falling wedge  pattern is formed, we  have to get  ready  to enter a  buy position.This  is also falling wedge  pattern which am  using to  perform this trade. As we discussed,  that when a falling wedge  pattern is formed, we  have to get  ready  to enter a  buy position.It  is obvious that if we  want  to buy  some  assets  at the  right time, we  should  look for a Falling wedge  which can  occur  during a bearish  trend which  may be  at the bottom, so after it  mostly  trend reversal  occurs  and then the  market  goes Bullish  that is why the falling wedge  is also  called Bullish  version of the Wedge. \n\n![8SzwQc8j2KJZWBXFXnbnQ1FtoZhRqrTWozhqoqWHpGmpmoCfUEpVCB5AkLz4nBvAKBWiVsAcJCWMhRn75A6s4QA3kvPMT54oqdDBFcaGRnU81P2kJNz.jpeg](https://cdn.steemitimages.com/DQmajjW87DDjAXRihVpGQmS6SQkDdomw5LwVPzDPWb2W9K1/8SzwQc8j2KJZWBXFXnbnQ1FtoZhRqrTWozhqoqWHpGmpmoCfUEpVCB5AkLz4nBvAKBWiVsAcJCWMhRn75A6s4QA3kvPMT54oqdDBFcaGRnU81P2kJNz.jpeg)\n\n\n## 5. Conclusion\n\n\nThe Wedge  pattern is a  simple and  traditional  approach that  can be  easily  passed  on to  fresher  as it does  not require  much understanding,  but it  is not  wise to get  carried away with an  investment  based  solely on a  pattern.A  rising wedge is  formed  when the  market is in an uptrend and a falling wedge is  formed  when the  market is in a downtrend. This  pattern  can be created  by drawing 2 trendlines that  combine  at least  5 resistance and  support  points of which  3 on one trendline  and 2 on another. Traders can  place  buy or  sell orders  at the  right time  when the  price  movement breaks  one of the trendlines and the  market breaks out. This can  help  traders to make  profitable trades.To  properly  trade this  pattern,  make sure the  various steps for  trend  identification for  both Rising and Falling  patterns are  completed  before you  enter a  trade.  also use  an indicator to  filter out  false signals.",
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      "body": "<div class=\"text-justify\">\n\nHello @ayushverma12. Thank you for participating in Crypto Academy Season 5 Week 4 Beginner Course. \n\n|Criteria|Score|\n|-----|----|\n|Presentation / Use of Markdowns|1.8/2|\n|Compliance with topic|1.4/2|\n|Quality of analysis| 1.5/2|\n|Clarity of language|1/1.5|\n|Originality| 1.5/1.5|\n|#club5050|0/1|\n|***Total***|***7.2/10***|\n\n_____\n\n**Feedback and Suggestions -**\n______\n\n\n- You have answered all questions in your own words.\n- You have explained every question in a very simple and understandable language.\n- You have explained question number 3 in a detailed manner which is good.\n- In some topics, Your explanation is lacking.\n- You have presented charts very well.\n- You have provided trade setups using these patterns in a correct manner.\n- Overall work is good. I encourage you to keep it up.\n\n_____\n\nI appreciate your efforts and will look forward to see your next assignments.</div>",
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      "permlink": "rectangle-pattern-crypto-academy-s5w4-homework-post-for-sachin08",
      "title": "\"[Rectangle Pattern] - Crypto Academy / S5W4 - Homework Post for @sachin08\".",
      "body": "<div class=\"text-justify\">\n\n\n\n\n\n\n![IMG_20211209_182332.jpg](https://cdn.steemitimages.com/DQmbHpf8UJKVfasam2yrbckHwHD3JJnCXjZYSgCGuewXudc/IMG_20211209_182332.jpg)\n\n\n\n![8SzwQc8j2KJZWBXFXnbnQ1FtoZhRqrTWozhqoqWHpGmpmoCfUEpVCB5AkLz4nBvAKBWiVsAcJCWMhRn75A6s4QA3kvPMT54oqdDBFcaGRnU81P2kJNz.jpeg](https://cdn.steemitimages.com/DQmajjW87DDjAXRihVpGQmS6SQkDdomw5LwVPzDPWb2W9K1/8SzwQc8j2KJZWBXFXnbnQ1FtoZhRqrTWozhqoqWHpGmpmoCfUEpVCB5AkLz4nBvAKBWiVsAcJCWMhRn75A6s4QA3kvPMT54oqdDBFcaGRnU81P2kJNz.jpeg)\n## 1. Explain Rectangle Pattern in your own word.\n## 2. How to identify Rectangles. Explain with Screenshots.\n## 3. Can we use indicators with this pattern to get accurate results? Explain with Screenshots.\n## 4. Explain Rectangle Tops and Rectangle Bottoms in your own words with Screenshots of both patterns.\n## 5. Show full trade setup using this pattern for both trends. ( Entry Point, Take Profit, Stop Loss, Breakout).\n## 6. Conclusion.\n\n![8SzwQc8j2KJZWBXFXnbnQ1FtoZhRqrTWozhqoqWHpGmpmoCfUEpVCB5AkLz4nBvAKBWiVsAcJCWMhRn75A6s4QA3kvPMT54oqdDBFcaGRnU81P2kJNz.jpeg](https://cdn.steemitimages.com/DQmajjW87DDjAXRihVpGQmS6SQkDdomw5LwVPzDPWb2W9K1/8SzwQc8j2KJZWBXFXnbnQ1FtoZhRqrTWozhqoqWHpGmpmoCfUEpVCB5AkLz4nBvAKBWiVsAcJCWMhRn75A6s4QA3kvPMT54oqdDBFcaGRnU81P2kJNz.jpeg)\n\n\n## Q1 : Explain Rectangle Pattern in your own word.\n\n_____\n\n\nAnswer :- \n\n\nTheee  patterns are very  much  influenced  by  volume. In  other  words the  higher the  volume of the asset at  a particular time  we will  observe the  pattern going  higher.\n\n\nThe Rectangle  pattern we  observe  in the crypto  space has  two of the horizontal lines,  just like the  shape  however the horizontal line on  top is  referred to us the resistance whiles  the one at  the bottom is our support.\n\nLooking  at the definition of a rectangle,  it can be  noticed  that a rectangle  pattern behaves  in the  same way. A rectangle  pattern is a technical  analysis  tool which  formed on a chart  during  the short  period that the  market is ranging or  there is no movement. \n\nThe horizontal trendlines which I  described  earlier as being trendlines drawn  at the  top and  bottom  can be  described as minor  supports at  the bottom and minor resistance  at the  top. \nthe  price has an  exit from the rectangle  pattern  phase  called a Breakout, and the breakout  can be in any direction .\n\n\n\n\n\n\n\n\n![8SzwQc8j2KJZWBXFXnbnQ1FtoZhRqrTWozhqoqWHpGmpmoCfUEpVCB5AkLz4nBvAKBWiVsAcJCWMhRn75A6s4QA3kvPMT54oqdDBFcaGRnU81P2kJNz.jpeg](https://cdn.steemitimages.com/DQmajjW87DDjAXRihVpGQmS6SQkDdomw5LwVPzDPWb2W9K1/8SzwQc8j2KJZWBXFXnbnQ1FtoZhRqrTWozhqoqWHpGmpmoCfUEpVCB5AkLz4nBvAKBWiVsAcJCWMhRn75A6s4QA3kvPMT54oqdDBFcaGRnU81P2kJNz.jpeg)\n\n## 2. How to identify Rectangles. Explain with Screenshots.\n\n_____\n\nThe  price is first trending in a  direction then it  gets  to a point  where the  price  starts  to move up and down in a zig-zag  manner  without the  price  moving  higher or  lower than the zig-zag  points,  thus forming tops and bottoms.\n\nThe Rectangle  pattern is  identified  through Price Trend and Horizontal Trendlines.The  most  important  thing which  should  remain in  mind  while  observing the rectangle  pattern  in the chart is that the  price  always  moves horizontally  between  the two trendlines  which are the  upper resistance line and the  lower  support line.\n\nThe  two  high  points  should be of the  same  level and a  space  between of which the  price  action retrace to  form a  lower point. \n\nSame  thing  apply to  the two low  points.the Support and resistance  zone  multiple  times to validate a rectangle  pattern, and later breakout occured and  a new  phase  is about to be exstablished. \n\n\n![IMG_20211209_222028.jpg](https://cdn.steemitimages.com/DQmUeueNNiX4pt4sjTBitbbqgFXT4b7VhEmaCpKF6paGsbg/IMG_20211209_222028.jpg)\n\n\n\n![8SzwQc8j2KJZWBXFXnbnQ1FtoZhRqrTWozhqoqWHpGmpmoCfUEpVCB5AkLz4nBvAKBWiVsAcJCWMhRn75A6s4QA3kvPMT54oqdDBFcaGRnU81P2kJNz.jpeg](https://cdn.steemitimages.com/DQmajjW87DDjAXRihVpGQmS6SQkDdomw5LwVPzDPWb2W9K1/8SzwQc8j2KJZWBXFXnbnQ1FtoZhRqrTWozhqoqWHpGmpmoCfUEpVCB5AkLz4nBvAKBWiVsAcJCWMhRn75A6s4QA3kvPMT54oqdDBFcaGRnU81P2kJNz.jpeg)\n\n## 3. Can we use indicators with this pattern to get accurate results? Explain with Screenshots. \n\n\nSimilarly, if we  talk  about rectangle patterns,  we can use  other  indicators  to strengthen our  analysis and  increase the  chances of our  trade success.\n\n\nThe breakout of the rectangle and the  moving  average  happen simultaneously. The Moving Average breakout  indicates that the  support has been broken, and the  price will  move in a bearish  direction.\n\nSince  this is a Top rectangle  pattern  scenario, we  should be  looking at an uptrend  scenario and  hence an  observed breakout  should be  targeted and  trade  position opened.Such  kind of breakout are  usually  referred to as a minor breakout and  this is  due to the little  break above or  below the trendline. \n\nThe  real breakout  often  occurs  at the  direction  opposite to the  false breakout.Notice how the  volume of the  price chart gave a bearish  trend  signal  earlier  before the  actual downtrend  in the  price chart.\n\nThis  simply  means that  using this  pattern with  other Indicators  like the  two Indicator which  I have use  would  definitely  give us  accurate results. \n\nI have used **KDJ** Indicator in alongwith Rectangle chart pattern through which We can assume the breakout point with the help of KDJ Indicator and we can get accurate entry points.\n\n\n![IMG_20211209_222251.jpg](https://cdn.steemitimages.com/DQmPdPCrABq5Q8o84zhMh2xjcKoGp9x1Z27qwyUWD8hxCGM/IMG_20211209_222251.jpg)\n\n\n\n![8SzwQc8j2KJZWBXFXnbnQ1FtoZhRqrTWozhqoqWHpGmpmoCfUEpVCB5AkLz4nBvAKBWiVsAcJCWMhRn75A6s4QA3kvPMT54oqdDBFcaGRnU81P2kJNz.jpeg](https://cdn.steemitimages.com/DQmajjW87DDjAXRihVpGQmS6SQkDdomw5LwVPzDPWb2W9K1/8SzwQc8j2KJZWBXFXnbnQ1FtoZhRqrTWozhqoqWHpGmpmoCfUEpVCB5AkLz4nBvAKBWiVsAcJCWMhRn75A6s4QA3kvPMT54oqdDBFcaGRnU81P2kJNz.jpeg)\n\n## 4. Explain Rectangle Tops and Rectangle Bottoms in your own words with Screenshots of both patterns. \n\n______\n\n**Rectangle Top**:- When we  talk  about rectangle  top,  we are  referring to  those rectangle  pattern  that are  formed  at the  top of the chart and  hence the  name rectangle  top. This is a  type of rectangle  that is  usually  formed after  a very  long bullish  trend or up ward  movement. \n\nFor one  to be able to spot a  top rectangle, he  should  be sure  to see a bullish  movement in  price of an asset which  may have taken  a very  long move. The screenshot  below is a  clear  example of rectangle  top.\n\nIn a rectangle  top,  price trades  between the flat resistance and  support ( top trendline and  bottom trendline)  until it breaks out  in the downward  direction. The breakout for a rectangle  top  happens  in the downward  direction  below the flat  support line.\n\n![IMG_20211209_224337.jpg](https://cdn.steemitimages.com/DQmfQHphAsSZZN6pBU2XME7qCYUNTj8xEfeuQsLjvM1oREj/IMG_20211209_224337.jpg)\n\n\n\n**Rectangle Bottom**:- When we  talk  about rectangle  bottom,  we are  referring to  those rectangle  pattern  that are  formed at  the bottom of the chart and  hence the  name rectangle  bottom. \n\nThis is a  type of rectangle  that is  usually  formed after  a very  long bearish  trend or downward  movement. For one  to be able to spot a  bottom rectangle, he  should  be sure  to see a bearish  movement in  price of an asset which  may have taken  a very  long move. The screenshot  below is a  clear  example of rectangle  bottom.\n\nThe breakout  point of the rectangle  bottom is  always upward  meaning the  buyers have  won the battle. So the  price of the  assets  tends to  rise or be in a uptrend. Hence it  signals trades  to enter  into a  buy trade. \n\nMake  a lot of profits.After the rectangle  forms,  price trades  inside the rectangle  between the  top trendline A and  bottom Trendline B,  until it  eventually breaks out  in the upward  direction if  it is  forms at  the base of an uptrend, or  in the downward  direction if it  forms  during a downtrend.\n\n![IMG_20211209_222138.jpg](https://cdn.steemitimages.com/DQmP5Rx9g9ETTEyBkmLze95wipLFUwk6n1TPuLDHp831fw7/IMG_20211209_222138.jpg)\n\n\n\n_______\n\n## 5. Show full trade setup using this pattern for both trends. ( Entry Point, Take Profit, Stop Loss, Breakout).\n\n______\n\nRectangle Top is  formed after a bullish  trend has been  formed .  in this screenshot  you will see that the rectangle  pattern  formed is touching  both horizontal lines,  when  assist  break  support line.  Then  during the consolidation period,  there is a shortfall to the  support line,  halfway there, the candlestick bounces  back to the resistance line and crosses it,  causing a breakout  at the top.As such, the  best indicator I  apply to this  pattern is the Volume and Price Volume Trend Indicators .\n\n**Buy Trade Setup**.\nAs from the lecture, We should mark take Profit level after the breakout happens and then we should mark the stop loss level below the support level.\n\n![IMG_20211209_224300.jpg](https://cdn.steemitimages.com/DQmdR5DLgMrku284kR4uzqp9uGsCwg4CVFPSsjVcn3Tsi62/IMG_20211209_224300.jpg)\n\n\n\n\n\n**Sell Trade Setup**\n\nFrom the screenshot  I have  identify the breakout  stage  on the chart. My take  profit and  stop loss  is also indicated  in the chart as  it is  shown  on the screenshot,my  top and  bottom horizontal  lines are all intact and the  price of the asset is bouncing up and down.\n\n![IMG_20211209_224411.jpg](https://cdn.steemitimages.com/DQmdjBpTmSayw7SJTRneQX3b4pnixjWLDNiGYHRA36Avted/IMG_20211209_224411.jpg)\n\n\n\n## 6. Conclusion \n\nIt  involves  some  trading formation which are;  spotting the rectangle breakout,  identifying your rectangle on a chart,  enter you  stop loss a the midpoint of the rectangle range,  enter your rectangle  trade  at the  point of  where the breakout is directed.Traders  enter a  position after a breakout. \n\nBreakout  at the resistance  is an indication for  a long  entry which breakout  at the  support  indicates a  short  entry. This pattern,  though  a bit  difficult to  locate is  a very  reliable  trading  technique  that can draw  a lot of  gains to a  trader from  looking out a taking a  trade  at the breakout  which is  usually very  significant and massive. \n\nThank you for this lecture.\n\nNote - All images are taken from TradingView.\n\n</div>",
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      "body": "<div class=\"text-justify\">\n\nHello @ayushverma12, \n  \nThank you for participating in the #06 Fixed course for Newcomers in the **Steemit Crypto Academy**. \n\n**Your grade on this assignment is as follows:** \n<p></p>\n\n| Criteria | Grade |\n| --------|---------|\n| Presentation/Use of Markdowns| 0.5/2 |\n| Compliance with topic| 1/2|\n| Quality of Analysis| 1/2|\n| Clarity of Language| 1/2|\n| #club5050 | 1/1|\n| Originality | 0.5/1|\n| ***Total*** | ***5/10***|\n\n<p></p>\n\n**Homework task: 5/10** \n<p></p>\n<b>Feedback and Suggestions</b> :\n\n- Your effort in this task is appreciated.\n- You will get the mark for #club5050 as you have powered up 150 SP since last month according to #club5050 academy season 5 new rules. You can power up before the curation and maintain it without powering down or more cashouts and gain the extra rewards.\n- >The evidance of labor is associated with or associated with bitcoin\n\nthis makes no sense.\n- You have tried to explain the answers.\n- You may include your own words to the answers.\n-  You have to analyze the answers well.\n- Overall work is satisfactory.\n<p></p>\n\n<center>![SAVE_20210724_220410.jpg](https://cdn.steemitimages.com/DQmWGHo9eV2xu96P4pYUaEpfLSD7ovEhznAW95FwC35s3x4/SAVE_20210724_220410.jpg)</center>\n</div>",
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      "author": "ayushverma12",
      "permlink": "crypto-academy-season-5-beginners-course-task-6-different-types-of-consensus-mechanisms",
      "title": "Crypto Academy Season 5 Beginners' course - Task 6: Different types of Consensus Mechanisms",
      "body": "<div class=\"text-justify\">\n\n\n\n\n\n![IMG_20211207_083412.jpg](https://cdn.steemitimages.com/DQmR6gj5fQr2iffRdeH5BcDNVb9fWTWnBMhNTnK2HsGs9cP/IMG_20211207_083412.jpg)\n\n\n\n\n## What is the difference between PoW and PoS?\nAdvantages and Disadvantages?\nWhich one is better in scaling capacity?\nExamples?\n\n### What Is Proof of Work?(PoW)\n\n\n![images (23).jpeg](https://cdn.steemitimages.com/DQmUQVJqsKGiDPWLWtFDxDB8gFSzdgP6AHCiyHFPcqtaA3o/images%20(23).jpeg)[source](https://images.app.goo.gl/kcQyRJRB2X7eizJx7) \n\n\nThe evidance of labor is associated with or associated with bitcoin is probably a protocol or concept designed to create electronic transactions that are secure from cyber attacks and third-party barrenness, and are virtually redistributed.\nIt is used to verify a certain mathematical defect that a laptop's computer code must be suitable, once the defect is properly resolved, it must be verified by the system, and it is validated by alternate users. \n\n#### Proof of Stake (PoS):-\n\n\n![images (28).jpeg](https://cdn.steemitimages.com/DQmdbeLbQJNQu1UuDEZAEpfwxC4Nhkq9RB4whVAjH5sqeSY/images%20(28).jpeg)[source](https://images.app.goo.gl/uS1eyzWBPZtX537q6) \n\n\nVerifiers work in order that transactions between users of the system, area unit or bound functions are properly completed.  The more resource area units entered into the system, the longer it takes to verify are ready to belong to the blockchain network and carry out their tasks.\n Instead of miners using computers to trace transactions, as they are doing in the case of the same old or regular Proof of Labor, POS creation is actually centralized, and even early cryptocurrencies were completely excluded.  had gone.  was taken the system as well as the more likely it is to convert into a validator.\nNormally, the validators of this technical area unit selected through Stax .  The POS protocol model as a whole is Peercoin.  However the energy consumed will ensure transactions and the creation of new blocks that support the proportion of coins it holds.  Unlike PoW, PoS is a small amount that is risky for an associate degree attack.\n\n#### The difference between POW and POS. :-\n\n![images (4).png](https://cdn.steemitimages.com/DQmUrTZhoo2quprK1NfjQSvjPmRk8ZsKrueivgZfmJSYB5k/images%20(4).png)[source](https://images.app.goo.gl/7g6t32Nr9hvzbEAQ7) \n\n\nIn PoW, the probability of mining a block is determined by the number of laptop jobs performed by a worker, whereas in PoS, the probability of verifying or checking a replacement block is determined by the number of times a privately owned coin is mined.  .  ,  , and indeed during this latter case, the amount of coins one has matters.\n In PoW, the primary worker is issued a souvenir for solving each block's cryptoanalytic or proof of labor puzzle. \n A miner's ability to mine a block quantity of processing labor] number is determined by\nReady to make blocks doesn't require a lot of advanced laptop equipment\n Proof of labor requires a lot of electrical energy which miners want after trading their coins\nProof of Bet Systems Square Measure is Always Prone to Attacks\nIt optimizes processing power through the use of specialist equipment that utilizes a server-grade unit.\nProof of Work systems are always difficult for hackers while Proof of Stake systems are always vulnerable to attacks. \n\n#### Advantages Of Proof Of Work (PoW):-\n\n![images (29).jpeg](https://cdn.steemitimages.com/DQmUqLqNHYkRWpWyzqgNrMC38w8HV5xsEL1sTxD5rGniVHM/images%20(29).jpeg)[sourcr](https://images.app.goo.gl/7QWFZ2oXdLpzzQEi6) \n\n\nThis protocol additionally creates a redistributed network which is the overriding or mainstay of cryptocurrency activities.\n Proof of Work (PoW) keeps the blockchain in a very difficult or difficult instrument, whereas nowadays equally as extraordinarily difficult and dear to attack.\nIt is considered a reasonably secure contract protocol.\nThe miner area unit is rewarded with transaction fees and fees for each completed block.\nMiners get rewards for solving a puzzle, I say there's a job supply for miners because they get what they're doing\n\n#### The Disadvantages Of PoW:-\n\n\n![images (30).jpeg](https://cdn.steemitimages.com/DQmYht1sCMp3K33eFYQxyqMrqgKe3ayX6A8xKmnTthTUf7i/images%20(30).jpeg)[source](https://images.app.goo.gl/yQY4GyXi5pjz6Nw17) \n\nHigher energy consumption results in an increase in price and therefore on setting and this can be comparatively difficult and difficult for the user. In the future, once we have the propensity to offer additional mining rewards, miners can simply cash out transaction fees, for any fees sufficient for miners to make a fair transaction.  Step by step, individuals pay less fees and miners earn less cash.\nProof of Labor is the result of a long-standing reliance on mining activities, while more recently created digital currencies still participate in the crypto market.\nTons of garbage goes into getting the machines and putting them together.\nThere is excessive energy consumption resulting in rise in prices and environmental problems.\n\n#### Advantages Of The Proof of Stake (PoS) \n\n![images (7).png](https://cdn.steemitimages.com/DQmcMDM96YrNPUf3YJhT5n76XSRg2j9emxciPyUJKQ4bU3r/images%20(7).png)[source](https://images.app.goo.gl/pEDinNZeH2HPBU3v8) \n\n\nProof of Stake offers a lot of benefits and rewards to the miners who use their cryptocurrency by the World Health Organization.  Token Protection.\nease of scaling\n\nProof of Risk cannot be said to be equally risky as it involves the provision of security for future miners.\nTransactions in POS systems are quick and reliable.\n Requires less time and focus\n To modify them to receive compensation in the event of any fraudulent activity on the net such as cyber attacks or cyber crimes\nIt consumes remarkably less energy than Proof of Work.\nIt is easily accessible and anyone will participate as no expensive hardware is require.\n\n#### Disadvantage of proof of stake(pos) :-\n\n\n![images (8).png](https://cdn.steemitimages.com/DQmc6xgbRPEnNQHQq8cvcjLyBwu3peb9x5SoSa5wGhGmz8n/images%20(8).png)[source](https://images.app.goo.gl/qfBC8x3dpcjYhzKp9) \n\nElevating the proof-of-stake muse to a decentralized network, attempts to severely hurt the foundations of the cryptocurrency system.\nWhoever earns, at the same time gives them less decision-making power on the network and turns them into authorities, which breaks the principle of decentralization of cryptocurrencies.\n The Cryptocurrency or Monument Area Unit is paralyzed, or rather, immobile inside the network.\nPoS is centralized and less secure, so can be susceptible to quality attacks that can damage attackers' investments.\nAdvanced bookmakers get a favor.  Thereby making it fragile for those with low stakes.\n POS is run on a centralized basis which makes it break the law of decentralization\n\n#### Which is better for scaling capacity? Examples?\n\nProof-of-Stake (PoS) mechanisms are best for increasing efficiencies as it has good scalability and replaces the high energy consumption generated by proof of labor for investing in cryptocurrencies or tokens.  This means that the POS is more climbable than the prisoner.  The result may be that 2, the POS serves to solve the prisoner's problems.  This means that POS was built to make things easier in terms of transactions that take less time to verify.\nEthereum\n\n![images (31).jpeg](https://cdn.steemitimages.com/DQmXktoVqypwxDtFxxkk9mck7CasPYUhKoxe7fr7Req8ix7/images%20(31).jpeg)[source](https://images.app.goo.gl/t4dVAEC8qKHKFUn76) \n\n\nwhile it was absolutely harder to know proof of stake than a prisoner would in the event of a settlement on the network, Ethereum is considered one of the leading cryptocurrencies out there that are based on proof of stake creation.  As far as it is concerned, that effort has been consistently directed towards the phenomenon of Ethereum, especially since their part two upgrade originated.  For example, an Ethereum user area unit needs thirty-two ethical positions to be able to validate transactions, as they are hand-selected on an irregular basis, and that area unit is under their supervision.  Jointly verified and managed.\n\n## Conclusion:-\nIn the above paragraph we learn the pow and pos and i think the writeen paragraph tells many things about the pow and pos the advantages and the disadvantages of both and im really thanks to proffesor to give this amazing task.\n\n</div>",
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