Ecoer Logo

@suleja

57

A model || A Photographer || A Professional Crypto Trader

steemit.com/@suleja
VOTING POWER0.00%
DOWNVOTE POWER0.00%
RESOURCE CREDITS100.00%
REPUTATION PROGRESS46.75%
Net Worth
0.000USD
STEEM
0.000STEEM
SBD
0.000SBD
Own SP
0.000SP

Detailed Balance

STEEM
balance
0.000STEEM
market_balance
0.000STEEM
savings_balance
0.000STEEM
reward_steem_balance
0.000STEEM
STEEM POWER
Own SP
0.000SP
Delegated Out
0.000SP
Delegation In
0.000SP
Effective Power
0.000SP
Reward SP (pending)
0.000SP
SBD
sbd_balance
0.000SBD
sbd_conversions
0.000SBD
sbd_market_balance
0.000SBD
savings_sbd_balance
0.000SBD
reward_sbd_balance
0.000SBD
{
  "balance": "0.000 STEEM",
  "savings_balance": "0.000 STEEM",
  "reward_steem_balance": "0.000 STEEM",
  "vesting_shares": "0.000000 VESTS",
  "delegated_vesting_shares": "0.000000 VESTS",
  "received_vesting_shares": "0.000000 VESTS",
  "sbd_balance": "0.000 SBD",
  "savings_sbd_balance": "0.000 SBD",
  "reward_sbd_balance": "0.000 SBD",
  "conversions": []
}

Account Info

namesuleja
id1502776
rank1,807,455
reputation4050414177669
created2021-04-11T18:10:18
recovery_accountsteem
proxyNone
post_count102
comment_count0
lifetime_vote_count0
witnesses_voted_for0
last_post2022-01-08T19:26:57
last_root_post2022-01-08T19:26:57
last_vote_time2022-01-07T03:04:54
proxied_vsf_votes0, 0, 0, 0
can_vote1
voting_power0
delayed_votes0
balance0.000 STEEM
savings_balance0.000 STEEM
sbd_balance0.000 SBD
savings_sbd_balance0.000 SBD
vesting_shares0.000000 VESTS
delegated_vesting_shares0.000000 VESTS
received_vesting_shares0.000000 VESTS
reward_vesting_balance0.000000 VESTS
vesting_balance0.000 STEEM
vesting_withdraw_rate0.000000 VESTS
next_vesting_withdrawal1969-12-31T23:59:59
withdrawn1410805587229
to_withdraw1410805587229
withdraw_routes0
savings_withdraw_requests0
last_account_recovery1970-01-01T00:00:00
reset_accountnull
last_owner_update2022-07-20T19:07:57
last_account_update2022-07-20T19:07:57
minedNo
sbd_seconds1,537,263,108
sbd_last_interest_payment2022-01-16T05:16:30
savings_sbd_last_interest_payment2022-01-03T11:29:51
{
  "active": {
    "account_auths": [],
    "key_auths": [
      [
        "STM87577cdA2Se3vAoUfthiW4E8rqY46okrPmw5xcGYmDhcJhLC3A",
        1
      ]
    ],
    "weight_threshold": 1
  },
  "balance": "0.000 STEEM",
  "can_vote": true,
  "comment_count": 0,
  "created": "2021-04-11T18:10:18",
  "curation_rewards": 693,
  "delegated_vesting_shares": "0.000000 VESTS",
  "downvote_manabar": {
    "current_mana": "352701396807",
    "last_update_time": 1642310190
  },
  "guest_bloggers": [],
  "id": 1502776,
  "json_metadata": "{}",
  "last_account_recovery": "1970-01-01T00:00:00",
  "last_account_update": "2022-07-20T19:07:57",
  "last_owner_update": "2022-07-20T19:07:57",
  "last_post": "2022-01-08T19:26:57",
  "last_root_post": "2022-01-08T19:26:57",
  "last_vote_time": "2022-01-07T03:04:54",
  "lifetime_vote_count": 0,
  "market_history": [],
  "memo_key": "STM8d78T4zDXo7fiFPJ4U5rqPrxn5zEQmiupLfEnarKYXQiMjCWgD",
  "mined": false,
  "name": "suleja",
  "next_vesting_withdrawal": "1969-12-31T23:59:59",
  "other_history": [],
  "owner": {
    "account_auths": [],
    "key_auths": [
      [
        "STM8A2ZYhYPg55fu4ppZKKtry5QFt5mAV2jdzYG1dH9dFdAdYLot3",
        1
      ]
    ],
    "weight_threshold": 1
  },
  "pending_claimed_accounts": 0,
  "post_bandwidth": 0,
  "post_count": 102,
  "post_history": [],
  "posting": {
    "account_auths": [],
    "key_auths": [
      [
        "STM5hTbKEfuoqQQp7B9APjPkfqtuXfe7xn3ooEcVDkPvB1NuhFiEG",
        1
      ]
    ],
    "weight_threshold": 1
  },
  "posting_json_metadata": "{\"profile\":{\"profile_image\":\"https://cdn.steemitimages.com/DQmdofoPt9G6Lia5pcc4kZjbHp4mqnpTAH6BZSJcVXHAjF8/FB_IMG_16242111707935896.jpg\",\"cover_image\":\"https://cdn.steemitimages.com/DQma9FH33ysU9dn2bpVxD3xU1KzsKyPw4JTjaaTDATMxCFh/FB_IMG_16224953644607808.jpg\",\"name\":\"Sulurex shot it 🌌\",\"about\":\"A model || A Photographer || A Professional Crypto Trader\",\"version\":2,\"location\":\"Crypto Ecosystem\"}}",
  "posting_rewards": 173950,
  "proxied_vsf_votes": [
    0,
    0,
    0,
    0
  ],
  "proxy": "",
  "received_vesting_shares": "0.000000 VESTS",
  "recovery_account": "steem",
  "reputation": "4050414177669",
  "reset_account": "null",
  "reward_sbd_balance": "0.000 SBD",
  "reward_steem_balance": "0.000 STEEM",
  "reward_vesting_balance": "0.000000 VESTS",
  "reward_vesting_steem": "0.000 STEEM",
  "savings_balance": "0.000 STEEM",
  "savings_sbd_balance": "0.000 SBD",
  "savings_sbd_last_interest_payment": "2022-01-03T11:29:51",
  "savings_sbd_seconds": "0",
  "savings_sbd_seconds_last_update": "2022-01-03T11:29:51",
  "savings_withdraw_requests": 0,
  "sbd_balance": "0.000 SBD",
  "sbd_last_interest_payment": "2022-01-16T05:16:30",
  "sbd_seconds": "1537263108",
  "sbd_seconds_last_update": "2022-01-23T06:53:42",
  "tags_usage": [],
  "to_withdraw": "1410805587229",
  "transfer_history": [],
  "vesting_balance": "0.000 STEEM",
  "vesting_shares": "0.000000 VESTS",
  "vesting_withdraw_rate": "0.000000 VESTS",
  "vote_history": [],
  "voting_manabar": {
    "current_mana": "1410805587229",
    "last_update_time": 1642310190
  },
  "voting_power": 0,
  "withdraw_routes": 0,
  "withdrawn": "1410805587229",
  "witness_votes": [],
  "witnesses_voted_for": 0,
  "rank": 1807455
}

Withdraw Routes

IncomingOutgoing
Empty
Empty
{
  "incoming": [],
  "outgoing": []
}
From Date
To Date
kjnkcereplied to @suleja / s33gqt
2023/10/25 17:04:06
authorkjnkce
bodyThank you for the very detailed guide. https://9blz.com/rising-wedge-pattern/
json metadata{"links":["https://9blz.com/rising-wedge-pattern/"],"app":"steemit/0.2"}
parent authorsuleja
parent permlinksteemit-crypto-academy-s5-w5-homework-post-for-prof-sachin08-on-trading-wedge-patterns-by-suleja
permlinks33gqt
title
Transaction InfoBlock #79306624/Trx 3f92c4ab970995756ee0315a52093fe69fec908e
View Raw JSON Data
{
  "block": 79306624,
  "op": [
    "comment",
    {
      "author": "kjnkce",
      "body": "Thank you for the very detailed guide. https://9blz.com/rising-wedge-pattern/",
      "json_metadata": "{\"links\":[\"https://9blz.com/rising-wedge-pattern/\"],\"app\":\"steemit/0.2\"}",
      "parent_author": "suleja",
      "parent_permlink": "steemit-crypto-academy-s5-w5-homework-post-for-prof-sachin08-on-trading-wedge-patterns-by-suleja",
      "permlink": "s33gqt",
      "title": ""
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2023-10-25T17:04:06",
  "trx_id": "3f92c4ab970995756ee0315a52093fe69fec908e",
  "trx_in_block": 1,
  "virtual_op": 0
}
sulejaupdated their account properties
2022/07/20 19:07:57
accountsuleja
active{"account_auths":[],"key_auths":[["STM87577cdA2Se3vAoUfthiW4E8rqY46okrPmw5xcGYmDhcJhLC3A",1]],"weight_threshold":1}
json metadata{}
memo keySTM8d78T4zDXo7fiFPJ4U5rqPrxn5zEQmiupLfEnarKYXQiMjCWgD
owner{"account_auths":[],"key_auths":[["STM8A2ZYhYPg55fu4ppZKKtry5QFt5mAV2jdzYG1dH9dFdAdYLot3",1]],"weight_threshold":1}
posting{"account_auths":[],"key_auths":[["STM5hTbKEfuoqQQp7B9APjPkfqtuXfe7xn3ooEcVDkPvB1NuhFiEG",1]],"weight_threshold":1}
Transaction InfoBlock #66088210/Trx fcb9ac7357fd2a2220bf1c99c493e014492df3a0
View Raw JSON Data
{
  "block": 66088210,
  "op": [
    "account_update",
    {
      "account": "suleja",
      "active": {
        "account_auths": [],
        "key_auths": [
          [
            "STM87577cdA2Se3vAoUfthiW4E8rqY46okrPmw5xcGYmDhcJhLC3A",
            1
          ]
        ],
        "weight_threshold": 1
      },
      "json_metadata": "{}",
      "memo_key": "STM8d78T4zDXo7fiFPJ4U5rqPrxn5zEQmiupLfEnarKYXQiMjCWgD",
      "owner": {
        "account_auths": [],
        "key_auths": [
          [
            "STM8A2ZYhYPg55fu4ppZKKtry5QFt5mAV2jdzYG1dH9dFdAdYLot3",
            1
          ]
        ],
        "weight_threshold": 1
      },
      "posting": {
        "account_auths": [],
        "key_auths": [
          [
            "STM5hTbKEfuoqQQp7B9APjPkfqtuXfe7xn3ooEcVDkPvB1NuhFiEG",
            1
          ]
        ],
        "weight_threshold": 1
      }
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2022-07-20T19:07:57",
  "trx_id": "fcb9ac7357fd2a2220bf1c99c493e014492df3a0",
  "trx_in_block": 0,
  "virtual_op": 0
}
sulejasent 573.438 STEEM to @deepcrypto8- "100171295"
2022/04/21 10:04:51
amount573.438 STEEM
fromsuleja
memo100171295
todeepcrypto8
Transaction InfoBlock #63498615/Trx 6d16eebdb5d72a907a13c49765f7cad12654492a
View Raw JSON Data
{
  "block": 63498615,
  "op": [
    "transfer",
    {
      "amount": "573.438 STEEM",
      "from": "suleja",
      "memo": "100171295",
      "to": "deepcrypto8"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2022-04-21T10:04:51",
  "trx_id": "6d16eebdb5d72a907a13c49765f7cad12654492a",
  "trx_in_block": 1,
  "virtual_op": 0
}
sulejareceived 193.526 STEEM from power down installment (216.915 SP)
2022/04/21 06:43:45
deposited193.526 STEEM
from accountsuleja
to accountsuleja
withdrawn352701.396805 VESTS
Transaction InfoBlock #63494606/Virtual Operation #2
View Raw JSON Data
{
  "block": 63494606,
  "op": [
    "fill_vesting_withdraw",
    {
      "deposited": "193.526 STEEM",
      "from_account": "suleja",
      "to_account": "suleja",
      "withdrawn": "352701.396805 VESTS"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2022-04-21T06:43:45",
  "trx_id": "0000000000000000000000000000000000000000",
  "trx_in_block": 4294967295,
  "virtual_op": 2
}
sulejablockchain operation: fill transfer from savings
2022/04/20 15:24:21
amount379.912 STEEM
fromsuleja
memo
request id1650209054
tosuleja
Transaction InfoBlock #63476286/Virtual Operation #4
View Raw JSON Data
{
  "block": 63476286,
  "op": [
    "fill_transfer_from_savings",
    {
      "amount": "379.912 STEEM",
      "from": "suleja",
      "memo": "",
      "request_id": 1650209054,
      "to": "suleja"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2022-04-20T15:24:21",
  "trx_id": "0000000000000000000000000000000000000000",
  "trx_in_block": 4294967295,
  "virtual_op": 4
}
sulejablockchain operation: transfer from savings
2022/04/17 15:24:18
amount379.912 STEEM
fromsuleja
memo
request id1650209054
tosuleja
Transaction InfoBlock #63391660/Trx e5194d4fcc7dc210fcac10bcca5826eaaae72b7d
View Raw JSON Data
{
  "block": 63391660,
  "op": [
    "transfer_from_savings",
    {
      "amount": "379.912 STEEM",
      "from": "suleja",
      "memo": "",
      "request_id": 1650209054,
      "to": "suleja"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2022-04-17T15:24:18",
  "trx_id": "e5194d4fcc7dc210fcac10bcca5826eaaae72b7d",
  "trx_in_block": 3,
  "virtual_op": 0
}
sulejablockchain operation: transfer to savings
2022/04/16 07:52:06
amount193.415 STEEM
fromsuleja
memo
tosuleja
Transaction InfoBlock #63353965/Trx c8789d55aa1122248e44460cd74cba90332c6e65
View Raw JSON Data
{
  "block": 63353965,
  "op": [
    "transfer_to_savings",
    {
      "amount": "193.415 STEEM",
      "from": "suleja",
      "memo": "",
      "to": "suleja"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2022-04-16T07:52:06",
  "trx_id": "c8789d55aa1122248e44460cd74cba90332c6e65",
  "trx_in_block": 2,
  "virtual_op": 0
}
sulejareceived 193.415 STEEM from power down installment (216.915 SP)
2022/04/14 06:43:45
deposited193.415 STEEM
from accountsuleja
to accountsuleja
withdrawn352701.396808 VESTS
Transaction InfoBlock #63295209/Virtual Operation #2
View Raw JSON Data
{
  "block": 63295209,
  "op": [
    "fill_vesting_withdraw",
    {
      "deposited": "193.415 STEEM",
      "from_account": "suleja",
      "to_account": "suleja",
      "withdrawn": "352701.396808 VESTS"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2022-04-14T06:43:45",
  "trx_id": "0000000000000000000000000000000000000000",
  "trx_in_block": 4294967295,
  "virtual_op": 2
}
sulejablockchain operation: transfer to savings
2022/04/14 00:03:33
amount186.497 STEEM
fromsuleja
memo
tosuleja
Transaction InfoBlock #63287236/Trx 4873eee37098dafee7d0aeb5b9d5cf4ccceba218
View Raw JSON Data
{
  "block": 63287236,
  "op": [
    "transfer_to_savings",
    {
      "amount": "186.497 STEEM",
      "from": "suleja",
      "memo": "",
      "to": "suleja"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2022-04-14T00:03:33",
  "trx_id": "4873eee37098dafee7d0aeb5b9d5cf4ccceba218",
  "trx_in_block": 0,
  "virtual_op": 0
}
sulejasent 200.000 STEEM to @probitsteem- "74565610"
2022/04/10 14:09:48
amount200.000 STEEM
fromsuleja
memo74565610
toprobitsteem
Transaction InfoBlock #63189577/Trx 419463ec5012f7536ef4c99a40047952d8c8446e
View Raw JSON Data
{
  "block": 63189577,
  "op": [
    "transfer",
    {
      "amount": "200.000 STEEM",
      "from": "suleja",
      "memo": "74565610",
      "to": "probitsteem"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2022-04-10T14:09:48",
  "trx_id": "419463ec5012f7536ef4c99a40047952d8c8446e",
  "trx_in_block": 1,
  "virtual_op": 0
}
sulejareceived 193.303 STEEM from power down installment (216.915 SP)
2022/04/07 06:43:45
deposited193.303 STEEM
from accountsuleja
to accountsuleja
withdrawn352701.396808 VESTS
Transaction InfoBlock #63094697/Virtual Operation #2
View Raw JSON Data
{
  "block": 63094697,
  "op": [
    "fill_vesting_withdraw",
    {
      "deposited": "193.303 STEEM",
      "from_account": "suleja",
      "to_account": "suleja",
      "withdrawn": "352701.396808 VESTS"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2022-04-07T06:43:45",
  "trx_id": "0000000000000000000000000000000000000000",
  "trx_in_block": 4294967295,
  "virtual_op": 2
}
sulejareceived 193.193 STEEM from power down installment (216.915 SP)
2022/03/31 06:43:45
deposited193.193 STEEM
from accountsuleja
to accountsuleja
withdrawn352701.396808 VESTS
Transaction InfoBlock #62894075/Virtual Operation #2
View Raw JSON Data
{
  "block": 62894075,
  "op": [
    "fill_vesting_withdraw",
    {
      "deposited": "193.193 STEEM",
      "from_account": "suleja",
      "to_account": "suleja",
      "withdrawn": "352701.396808 VESTS"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2022-03-31T06:43:45",
  "trx_id": "0000000000000000000000000000000000000000",
  "trx_in_block": 4294967295,
  "virtual_op": 2
}
sulejastarted power down of 867.660 SP
2022/03/24 06:43:45
accountsuleja
vesting shares1410805.587229 VESTS
Transaction InfoBlock #62693472/Trx 0ad95f0af1c89833b4ee409316f399721f7e8789
View Raw JSON Data
{
  "block": 62693472,
  "op": [
    "withdraw_vesting",
    {
      "account": "suleja",
      "vesting_shares": "1410805.587229 VESTS"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2022-03-24T06:43:45",
  "trx_id": "0ad95f0af1c89833b4ee409316f399721f7e8789",
  "trx_in_block": 0,
  "virtual_op": 0
}
earn.steemsent 0.001 STEEM to @suleja- "Did you know that you can get rewarded for your witness vote? Cast your witness vote on @earn.steem and start to receive STEEM tokens everyday."
2022/02/27 08:30:03
amount0.001 STEEM
fromearn.steem
memoDid you know that you can get rewarded for your witness vote? Cast your witness vote on @earn.steem and start to receive STEEM tokens everyday.
tosuleja
Transaction InfoBlock #61979140/Trx 9e5fdf8bcf88dd45973f004efadb3875b2812daf
View Raw JSON Data
{
  "block": 61979140,
  "op": [
    "transfer",
    {
      "amount": "0.001 STEEM",
      "from": "earn.steem",
      "memo": "Did you know that you can get rewarded for your witness vote? Cast your witness vote on @earn.steem and start to receive STEEM tokens everyday.",
      "to": "suleja"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2022-02-27T08:30:03",
  "trx_id": "9e5fdf8bcf88dd45973f004efadb3875b2812daf",
  "trx_in_block": 1,
  "virtual_op": 0
}
sulejasent 38.172 STEEM to @probitsteem- "21381299"
2022/02/27 08:28:54
amount38.172 STEEM
fromsuleja
memo21381299
toprobitsteem
Transaction InfoBlock #61979117/Trx 0b9bb6cf3aaf9f1a0509d26f25ff79a4486fed6d
View Raw JSON Data
{
  "block": 61979117,
  "op": [
    "transfer",
    {
      "amount": "38.172 STEEM",
      "from": "suleja",
      "memo": "21381299",
      "to": "probitsteem"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2022-02-27T08:28:54",
  "trx_id": "0b9bb6cf3aaf9f1a0509d26f25ff79a4486fed6d",
  "trx_in_block": 0,
  "virtual_op": 0
}
sulejabought 2.901 SBD for 38.172 STEEM from @suleja
2022/01/24 00:02:15
current orderid1681740856
current ownerdragonq
current pays38.172 STEEM
open orderid1642920813
open ownersuleja
open pays2.901 SBD
Transaction InfoBlock #60996911/Trx 8af57c6a2b1891fd06e5327bf3e38f9148415efa
View Raw JSON Data
{
  "block": 60996911,
  "op": [
    "fill_order",
    {
      "current_orderid": 1681740856,
      "current_owner": "dragonq",
      "current_pays": "38.172 STEEM",
      "open_orderid": 1642920813,
      "open_owner": "suleja",
      "open_pays": "2.901 SBD"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2022-01-24T00:02:15",
  "trx_id": "8af57c6a2b1891fd06e5327bf3e38f9148415efa",
  "trx_in_block": 21,
  "virtual_op": 6
}
sulejablockchain operation: limit order create
2022/01/23 06:53:42
amount to sell2.901 SBD
expiration2022-02-19T06:53:14
fill or killfalse
min to receive38.172 STEEM
orderid1642920813
ownersuleja
Transaction InfoBlock #60976446/Trx f4b1ed725dd87ddcf912b27e4e2c94f0365e380c
View Raw JSON Data
{
  "block": 60976446,
  "op": [
    "limit_order_create",
    {
      "amount_to_sell": "2.901 SBD",
      "expiration": "2022-02-19T06:53:14",
      "fill_or_kill": false,
      "min_to_receive": "38.172 STEEM",
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  "op_in_trx": 0,
  "timestamp": "2022-01-23T06:53:42",
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sulejablockchain operation: limit order cancel
2022/01/23 06:53:06
orderid1642840061
ownersuleja
Transaction InfoBlock #60976434/Trx ef58a46a0f741bb2acedd32e59d929de542d907b
View Raw JSON Data
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  "op_in_trx": 0,
  "timestamp": "2022-01-23T06:53:06",
  "trx_id": "ef58a46a0f741bb2acedd32e59d929de542d907b",
  "trx_in_block": 6,
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sulejablockchain operation: limit order create
2022/01/22 08:27:42
amount to sell2.901 SBD
expiration2022-02-18T08:26:18
fill or killfalse
min to receive38.680 STEEM
orderid1642840061
ownersuleja
Transaction InfoBlock #60949669/Trx 3c73a9537f9b7f292835da7c79c88ed4877f9e56
View Raw JSON Data
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sulejaclaimed reward balance: 2.901 SBD, 7.991 SP
2022/01/16 05:16:30
accountsuleja
reward sbd2.901 SBD
reward steem0.000 STEEM
reward vests12992.647357 VESTS
Transaction InfoBlock #60773980/Trx e6f1d99f54408c252bc2386d7670bd8ba1bb8285
View Raw JSON Data
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2022/01/15 19:26:57
authorsuleja
permlinkbitcoin-cryptocurrencies-public-chains-steemit-crypto-academy-season-5-homework-post-for-task-5
sbd payout1.556 SBD
steem payout0.000 STEEM
vesting payout6874.826113 VESTS
Transaction InfoBlock #60762254/Virtual Operation #4
View Raw JSON Data
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2022/01/15 19:19:12
authorsuleja
permlinkdifferent-types-of-consensus-mechanisms-steemit-crypto-academy-season-5-homework-post-for-task-6
sbd payout1.345 SBD
steem payout0.000 STEEM
vesting payout5944.954010 VESTS
Transaction InfoBlock #60762100/Virtual Operation #5
View Raw JSON Data
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2022/01/14 02:26:30
authorsuleja
permlinkbitcoin-cryptocurrencies-public-chains-steemit-crypto-academy-season-5-homework-post-for-task-5
votersteemcurator02
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2022/01/14 02:23:51
authorsuleja
permlinkdifferent-types-of-consensus-mechanisms-steemit-crypto-academy-season-5-homework-post-for-task-6
votersteemcurator02
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Transaction InfoBlock #60713245/Trx 9485abf8c537919f375272e857c419e7c3de4591
View Raw JSON Data
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2022/01/13 06:56:27
comment authorpocoloco01
comment permlinksteemit-crypto-academy-season-5-task-1-tron-ecosystem
curatorsuleja
reward45.952591 VESTS
Transaction InfoBlock #60690025/Virtual Operation #8
View Raw JSON Data
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2022/01/11 09:49:57
comment authorpratikjumle29
comment permlinkinthe-genesis-block-crypto-academy-s5-homework-post-for-task-3-by-pratikjumle29
curatorsuleja
reward49.637037 VESTS
Transaction InfoBlock #60636188/Virtual Operation #8
View Raw JSON Data
{
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  "op": [
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      "reward": "49.637037 VESTS"
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shemul21replied to @suleja / r5hpir
2022/01/10 10:37:42
authorshemul21
body<div class="text-justify"> Hello dear @suleja, Thank you for being a part of [SteemitCryptoAcademy](https://steemit.com/trending/hive-108451) and for participating in this **5th** homework task from the fixed introductory [Courses](https://steemit.com/hive-108451/@steemitblog/steemit-crypto-academy-update-november-11th-2021-season-5-new-professors-and-rule-changes) for beginners, Season 5. ***Your grade on this assignment is as follows:*** Criteria | Grading ---|--- Presentation Style / Markdown Usage | 1.2/1.5 Quality of Analysis | 1.2/2 Compliance with topic | 1.3/2 Clarity of Language / Spelling and Grammar | 1.2/1.5 Originality | 2/2 #Club5050 | 1/1 ***Total*** | ***7.9/10*** #### Remarks and suggestions: - You have successfully completed the task. - You have answered all the questions but you should analyze them more deeply. - You may describe more details. - You have added your username as a watermark, that's good. - You have used proper sources and the presentation is nice. - Thanks for following #club5050 new rules. - Overall work is appreciated. https://cdn.steemitimages.com/DQmXzQfmm4JM9vB6B47Q18VgzUJ2hPuh5C858rdC84QB3pe/image.png </div>
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parent authorsuleja
parent permlinkbitcoin-cryptocurrencies-public-chains-steemit-crypto-academy-season-5-homework-post-for-task-5
permlinkr5hpir
title
Transaction InfoBlock #60608491/Trx da6ceb8bd20fb5a61fb02f5c68e3509c4e5bbcf4
View Raw JSON Data
{
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  "op": [
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      "author": "shemul21",
      "body": "<div class=\"text-justify\">\n\nHello dear @suleja,\n\nThank you for being a part of [SteemitCryptoAcademy](https://steemit.com/trending/hive-108451) and for participating in this **5th** homework task from the fixed introductory [Courses](https://steemit.com/hive-108451/@steemitblog/steemit-crypto-academy-update-november-11th-2021-season-5-new-professors-and-rule-changes) for beginners, Season 5.\n\n\n***Your grade on this assignment is as follows:***\n\nCriteria | Grading\n---|---\nPresentation Style / Markdown Usage | 1.2/1.5\nQuality of Analysis | 1.2/2\nCompliance with topic\t| 1.3/2\nClarity of Language / Spelling and Grammar | 1.2/1.5\nOriginality | 2/2\n#Club5050 | 1/1\n***Total*** | ***7.9/10***\n\n#### Remarks and suggestions:\n\n- You have successfully completed the task.\n- You have answered all the questions but you should analyze them more deeply.\n- You may describe more details.\n- You have added your username as a watermark, that's good.\n- You have used proper sources and the presentation is nice.\n- Thanks for following #club5050 new rules.\n- Overall work is appreciated.\n\n\nhttps://cdn.steemitimages.com/DQmXzQfmm4JM9vB6B47Q18VgzUJ2hPuh5C858rdC84QB3pe/image.png\n\n</div>",
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      "parent_permlink": "bitcoin-cryptocurrencies-public-chains-steemit-crypto-academy-season-5-homework-post-for-task-5",
      "permlink": "r5hpir",
      "title": ""
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  "op_in_trx": 0,
  "timestamp": "2022-01-10T10:37:42",
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dilchamoreplied to @suleja / r5fgn2
2022/01/09 05:30:45
authordilchamo
body<div class="text-justify"> Hello @suleja , Thank you for participating in the #06 Fixed course for Newcomers in the **Steemit Crypto Academy**. **Your grade on this assignment is as follows:** <p></p> | Criteria | Grade | | --------|---------| | Presentation/Use of Markdowns| 1.5/2 | | Compliance with topic| 1/2| | Quality of Analysis| 1/2| | Clarity of Language| 1.5/2| | #club5050 | 1/1| | Originality | 0.8/1| | ***Total*** | ***6.8/10***| <p></p> **Homework task: 6.8/10** <p></p> <b>Feedback and Suggestions</b> : - Your effort in this task is appreciated. - 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. - You have tried to answer the questions. - You need to do more research and add more details to the answers. - For the last question you need to explain the scaling capacity of different examples. - Overall work is satisfactory. <p></p> <center>![SAVE_20210724_220410.jpg](https://cdn.steemitimages.com/DQmWGHo9eV2xu96P4pYUaEpfLSD7ovEhznAW95FwC35s3x4/SAVE_20210724_220410.jpg)</center> </div>
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parent authorsuleja
parent permlinkdifferent-types-of-consensus-mechanisms-steemit-crypto-academy-season-5-homework-post-for-task-6
permlinkr5fgn2
title
Transaction InfoBlock #60573772/Trx 90ae4f1a6d85da99298ad120c5bada18aa4fe1be
View Raw JSON Data
{
  "block": 60573772,
  "op": [
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    {
      "author": "dilchamo",
      "body": "<div class=\"text-justify\">\n\nHello @suleja , \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| 1.5/2 |\n| Compliance with topic| 1/2|\n| Quality of Analysis| 1/2|\n| Clarity of Language| 1.5/2|\n| #club5050 | 1/1|\n| Originality | 0.8/1|\n| ***Total*** | ***6.8/10***|\n\n<p></p>\n\n**Homework task: 6.8/10** \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- You have tried to answer the questions.\n- You need to do more research and add more details to the answers.\n- For the last question you need to explain the scaling capacity of different examples.\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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2022/01/08 23:50:03
authorsuleja
permlinkbitcoin-cryptocurrencies-public-chains-steemit-crypto-academy-season-5-homework-post-for-task-5
votertayetaiwo
weight10000 (100.00%)
Transaction InfoBlock #60566996/Trx 3ddb375f663539e36a8a5b9a497c7ad5dce7a143
View Raw JSON Data
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2022/01/08 23:49:57
authorsuleja
permlinkdifferent-types-of-consensus-mechanisms-steemit-crypto-academy-season-5-homework-post-for-task-6
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2022/01/08 21:30:00
authorsuleja
permlinkdifferent-types-of-consensus-mechanisms-steemit-crypto-academy-season-5-homework-post-for-task-6
votersd974201
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2022/01/08 19:26:57
authorsuleja
body<div class="text-justify"> Hello crypto enthusiasts, I am back again with this Season 5 Homework task 5 post for professor @stream4u. The task is all about Bitcoin, cryptocurrencies, Public chains, and I will take my time and answer the questions below.<center> ![SULEJACOVER.jpg](https://cdn.steemitimages.com/DQmTFC9Z8C1YN97gF8dwLyKgCtW2ehBMxEwmXx1u1QKnyxj/SULEJACOVER.jpg) <sub>Image created on [canva](canva.com)</sub></center> <center> ![CryptoLineBreaker.jfif](https://cdn.steemitimages.com/DQmS54hU4jQZ4mTq479T2cXtCnW3hR9MyyQFf8xWTQk9gWk/CryptoLineBreaker.jfif) </center> <center>◾️<div class="phishy">Questions</div></center> ___ ><center>(1) What Is Cryptocurrency and How You Would Like To See Cryptocurrency In The Future?</center> <center> ![CryptoLineBreaker.jfif](https://cdn.steemitimages.com/DQmS54hU4jQZ4mTq479T2cXtCnW3hR9MyyQFf8xWTQk9gWk/CryptoLineBreaker.jfif) </center> <center>(a) What Is Cryptocurrency?</center> ___ Cryptocurrency is a digital medium of exchange that is widely accepted and is powered by a cryptographic system based on a blockchain network. The word Cryptocurrency is a combination of two words, Crypto and Currency. The word “crypto” was derived from the Greek word “Krypto” which means hidden and the word “currency” means a form of money in general use or acceptance. It is also defined as a type of virtual currency developed on a network and it is distributed across a lot of computers. A lot of cryptocurrencies are decentralized (no third-party authority) and their technology is under the blockchain network. The Cryptocurrency system at large makes the financial system of the world easier to operate. Quite many organizations, countries, and companies have accepted cryptocurrency as a medium of exchange for transactions. Cryptocurrencies can be traded or stored on trading platforms, wallets, or exchanges like; Tradingview, kucoin, Binance, Metamask, Trustwallet, etc. Also, platforms like coinmarketcap and coingecko like so many others provide information like; price, rank, and market cap of cryptos. <br> <div class="pull-left"> ![Bitcoin.jfif](https://cdn.steemitimages.com/DQmY1BTDFUmhfJF4CdcxePi4DCvbNhD4UnM6Smh5UHYTZvH/Bitcoin.jfif) [source](cnbc.com/2022/01/06/bitcoin-btc-slides-cryptocurrencies-drop-on-hawkish-fed-minutes.html) </div> There are so many cryptocurrencies in the world today but <b>Bitcoin</b> is the biggest and the most popular cryptocurrency. Being the first cryptocurrency, in 2008, the idea of Bitcoin was developed by an unknown person named <b> Satoshi Nakamoto</b> but it was officially launched on 3rd January 2009. Apart from bitcoin, we have other coins like; Steem, Ethereum, Tron, Cardano, etc. <br> <center> ![SULEJA.png](https://cdn.steemitimages.com/DQmR97XNSvwaBNrNWbe5qyJDofXj7FEU1gJRgzf5Sc7unM8/SULEJA.png) <sub>Screenshot showing top coins and their values || [coinmarketcap.com](https://coinmarketcap.com/)</sub></center> Using the table below, I will display the Prices, Ranks, and market cap of few coins including Steem in the screenshot above of [coinmarketcap.com]( https://coinmarketcap.com/); Cryptocurrency | Rank | Price | Market cap - | - | - | - Bitcoin | #1 | $42,358 | $801,519,090,606 Ethereum | #2 | $3,245 | $386,380,827,065 Tether USDT | #3 | $1.00 | $78,435,904,289 Binance Coin | #4 | $453 | $75,972,513,422 Steem | #329 | $0.3909 | $160,619,830 <center> ![CryptoLineBreaker.jfif](https://cdn.steemitimages.com/DQmS54hU4jQZ4mTq479T2cXtCnW3hR9MyyQFf8xWTQk9gWk/CryptoLineBreaker.jfif) </center> <center>(b) How Would You Like To See Cryptocurrency In The Future?</center> ___ I think the future of cryptocurrency is bright. Elon Musk who is the owner of space x and one of the richest men on earth fully endorses some cryptocurrency and this means his influence will positively affect the future of cryptocurrency. I would like to see cryptocurrency used and accepted as a global medium of exchange because I think it is essential, in the future. The current state of the financial system of the world is bad, but cryptocurrency if well supported and endorsed will shape and correct this. Furthermore, Cryptocurrency owners/users are going to become rich in the future because the world is gradually adapting to cryptocurrency and soon, cryptocurrency will be used as a means of payment in schools, restaurants, malls, etc. This will increase the price and market capital of cryptocurrencies. Positivity, more possession, and use case improves and pumps the prices of cryptocurrencies and I think this will be the case in the future. A good example of this is Bitcoin. When bitcoin was launched years back it didn’t value much and its price and market cap was low, but as time went by, more people and bodies adopted it making its price and market cap higher. Early holders/owners of bitcoin became very rich because of the price pump and this made a lot of people come into the cryptocurrency world. I will like to see a future where cryptocurrency is the general medium of exchange globally. <center> ![CryptoLineBreaker.jfif](https://cdn.steemitimages.com/DQmS54hU4jQZ4mTq479T2cXtCnW3hR9MyyQFf8xWTQk9gWk/CryptoLineBreaker.jfif) </center> <center>Conclusion</center> ___ A very big thank you to professor @stream4u for this impactful lecture on Bitcoin, cryptocurrencies, and Public chains. Traders need to know about the foundation of bitcoin, cryptocurrencies and their uses, and also public chains.<center> ![CryptoLineBreaker.jfif](https://cdn.steemitimages.com/DQmS54hU4jQZ4mTq479T2cXtCnW3hR9MyyQFf8xWTQk9gWk/CryptoLineBreaker.jfif) </center> Cc; @stream4u </div>
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titleBitcoin, Cryptocurrencies, Public chains - Steemit Crypto Academy Season 5 - Homework Post for Task 5
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      "author": "suleja",
      "body": "<div class=\"text-justify\">\n\nHello crypto enthusiasts, I am back again with this Season 5 Homework task 5 post for professor @stream4u. The task is all about Bitcoin, cryptocurrencies, Public chains, and I will take my time and answer the questions below.<center>\n![SULEJACOVER.jpg](https://cdn.steemitimages.com/DQmTFC9Z8C1YN97gF8dwLyKgCtW2ehBMxEwmXx1u1QKnyxj/SULEJACOVER.jpg)\n<sub>Image created on [canva](canva.com)</sub></center>\n\n<center>\n![CryptoLineBreaker.jfif](https://cdn.steemitimages.com/DQmS54hU4jQZ4mTq479T2cXtCnW3hR9MyyQFf8xWTQk9gWk/CryptoLineBreaker.jfif)\n</center>\n<center>◾️<div class=\"phishy\">Questions</div></center>\n___\n><center>(1) What Is Cryptocurrency and How You Would Like To See Cryptocurrency In The Future?</center>\n\n<center>\n![CryptoLineBreaker.jfif](https://cdn.steemitimages.com/DQmS54hU4jQZ4mTq479T2cXtCnW3hR9MyyQFf8xWTQk9gWk/CryptoLineBreaker.jfif)\n</center>\n<center>(a) What Is Cryptocurrency?</center>\n___\nCryptocurrency is a digital medium of exchange that is widely accepted and is powered by a cryptographic system based on a blockchain network. The word Cryptocurrency is a combination of two words, Crypto and Currency. The word “crypto” was derived from the Greek word “Krypto” which means hidden and the word “currency” means a form of money in general use or acceptance.\nIt is also defined as a type of virtual currency developed on a network and it is distributed across a lot of computers. A lot of cryptocurrencies are decentralized (no third-party authority) and their technology is under the blockchain network. The Cryptocurrency system at large makes the financial system of the world easier to operate. Quite many organizations, countries, and companies have accepted cryptocurrency as a medium of exchange for transactions.\nCryptocurrencies can be traded or stored on trading platforms, wallets, or exchanges like; Tradingview, kucoin, Binance, Metamask, Trustwallet, etc. Also, platforms like coinmarketcap and coingecko like so many others provide information like; price, rank, and market cap of cryptos.\n<br>\n<div class=\"pull-left\">\n\n![Bitcoin.jfif](https://cdn.steemitimages.com/DQmY1BTDFUmhfJF4CdcxePi4DCvbNhD4UnM6Smh5UHYTZvH/Bitcoin.jfif)\n[source](cnbc.com/2022/01/06/bitcoin-btc-slides-cryptocurrencies-drop-on-hawkish-fed-minutes.html)\n\n</div>\nThere are so many cryptocurrencies in the world today but <b>Bitcoin</b> is the biggest and the most popular cryptocurrency. Being the first cryptocurrency, in 2008, the idea of Bitcoin was developed by an unknown person named <b> Satoshi Nakamoto</b> but it was officially launched on 3rd January 2009.\nApart from bitcoin, we have other coins like; Steem, Ethereum, Tron, Cardano, etc.\n<br>\n\n<center>\n![SULEJA.png](https://cdn.steemitimages.com/DQmR97XNSvwaBNrNWbe5qyJDofXj7FEU1gJRgzf5Sc7unM8/SULEJA.png)\n<sub>Screenshot showing top coins and their values || [coinmarketcap.com](https://coinmarketcap.com/)</sub></center>\nUsing the table below, I will display the Prices, Ranks, and market cap of few coins including Steem in the screenshot above  of [coinmarketcap.com]( https://coinmarketcap.com/);\n\nCryptocurrency | Rank | Price | Market cap\n- | - | - | -\nBitcoin | #1 | $42,358 | $801,519,090,606\nEthereum | #2 | $3,245 | $386,380,827,065\nTether USDT | #3 | $1.00 | $78,435,904,289\nBinance Coin | #4 | $453 | $75,972,513,422\nSteem | #329 | $0.3909 | $160,619,830\n\n<center>\n![CryptoLineBreaker.jfif](https://cdn.steemitimages.com/DQmS54hU4jQZ4mTq479T2cXtCnW3hR9MyyQFf8xWTQk9gWk/CryptoLineBreaker.jfif)\n</center>\n<center>(b) How Would You Like To See Cryptocurrency In The Future?</center>\n___\nI think the future of cryptocurrency is bright. Elon Musk who is the owner of space x and one of the richest men on earth fully endorses some cryptocurrency and this means his influence will positively affect the future of cryptocurrency.\nI would like to see cryptocurrency used and accepted as a global medium of exchange because I think it is essential, in the future. The current state of the financial system of the world is bad, but cryptocurrency if well supported and endorsed will shape and correct this.\n\nFurthermore, Cryptocurrency owners/users are going to become rich in the future because the world is gradually adapting to cryptocurrency and soon, cryptocurrency will be used as a means of payment in schools, restaurants, malls, etc. This will increase the price and market capital of cryptocurrencies.\n\nPositivity, more possession, and use case improves and pumps the prices of cryptocurrencies and I think this will be the case in the future. A good example of this is Bitcoin. When bitcoin was launched years back it didn’t value much and its price and market cap was low, but as time went by, more people and bodies adopted it making its price and market cap higher. Early holders/owners of bitcoin became very rich because of the price pump and this made a lot of people come into the cryptocurrency world. I will like to see a future where cryptocurrency is the general medium of exchange globally.\n\n<center>\n![CryptoLineBreaker.jfif](https://cdn.steemitimages.com/DQmS54hU4jQZ4mTq479T2cXtCnW3hR9MyyQFf8xWTQk9gWk/CryptoLineBreaker.jfif)\n</center>\n<center>Conclusion</center>\n___\nA very big thank you to professor @stream4u for this impactful lecture on  Bitcoin, cryptocurrencies, and Public\nchains. Traders need to know about the foundation of bitcoin, cryptocurrencies and their uses, and also public chains.<center>\n![CryptoLineBreaker.jfif](https://cdn.steemitimages.com/DQmS54hU4jQZ4mTq479T2cXtCnW3hR9MyyQFf8xWTQk9gWk/CryptoLineBreaker.jfif)\n</center>\n\nCc;\n@stream4u\n\n </div>",
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      "title": "Bitcoin, Cryptocurrencies, Public chains - Steemit Crypto Academy Season 5 - Homework Post for Task 5"
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2022/01/08 19:19:12
authorsuleja
body<div class="text-justify"> Hello crypto enthusiasts, I am back again with this Season 5 Homework task 6 post for professor @sapwood. The task is all about different types of consensus mechanisms, and I will take my time and answer the questions below.<center> ![COVER06.jpg](https://cdn.steemitimages.com/DQmPQBTsp4eeZqUhGY5sqD4evHMKKRZqzxJ2qGkC7zxYUAf/COVER06.jpg) <sub>Image created on [canva](canva.com)</sub></center> <center> ![CryptoLineBreaker.jfif](https://cdn.steemitimages.com/DQmS54hU4jQZ4mTq479T2cXtCnW3hR9MyyQFf8xWTQk9gWk/CryptoLineBreaker.jfif) </center> <center>◾<div class="phishy">**Questions**</div></center> ___ ><center>(1) What is the difference between PoW & PoS? Advantages & Disadvantages? Which one is better in scaling Capacity? Examples?</center> <center> ![CryptoLineBreaker.jfif](https://cdn.steemitimages.com/DQmS54hU4jQZ4mTq479T2cXtCnW3hR9MyyQFf8xWTQk9gWk/CryptoLineBreaker.jfif) </center> <center>**(a) What is the difference between PoW & PoS?**</center> ___ <i>**Proof of work**</i> <center> ![POW.jfif](https://cdn.steemitimages.com/DQmfNPKS6J4hTgk5D36A7qVRJG1vwfCMFfXwqzPi74i8DS1/POW.jfif) <sub>[source](https://www.dittotrade.academy/guides/ditto-guide-to-bitcoin/concept-of-consensus-everything-about-proof-of-work/)</sub></center> Proof of work (PoW) is the underpinning system used to maintain the bitcoin blockchain. Proof of work provides an agreement to the Bitcoin network and establishes Bitcoin as a feasible decentralized currency. Proof of work was adopted by Satoshi Nakamoto to help establish Bitcoin as a digital currency that will endure for centuries. PoW allows miners to secure the Bitcoin network, collect sale freights, and make benefactions to the community by including blockheads into the sanctioned blockchain. As similar, miners are critical to the security of the Bitcoin network. Still, mining can be expensive and PoW's relative success depends on whether there is a profit motive for mining. A negative free market means miners will stop participating in the network. This leaves only small pools with low computational power and large computational power (GPUs) in control of most of the mining power. Still, it has been shown that GPU-based PoW algorithms have significantly lower centralization issues than CPU-based PoW algorithms. ___ <i>**Proof of Stake**</i> <center> ![proof-of-stake.jpg](https://cdn.steemitimages.com/DQmcM9ZD78WX4PycNRkgt9PyrpKECFkR8hN7G8s5w7jkf92/proof-of-stake.jpg) <sub>[source](digitalconnectmag.com/proof-of-stake-a-medium-of-transaction-validation/)</sub></center>Proof of Stake (PoS) is a replacement consensus mechanism that makes use of "trusted third parties" to allow verification of transactions on the blockchain. In PoS, there are no mining concepts. In PoS, all coins are stamped as rewards for verifying transactions on the blockchain system. Third parties select these transactions randomly and publish them on the blockchain. Users with enough stake or miners then choose which transactions to validate based on the probabilities they’ve assigned to each transaction. ___ <i>**Differences**</i> <center> ![Proof-of-Stake-vs-Proof-of-Work.jpg](https://cdn.steemitimages.com/DQmWHmZapDktgXiNMenMmPXZjp4BdtnNViuUfqgS5uisFWE/Proof-of-Stake-vs-Proof-of-Work.jpg) <sub>[source](wallstreetmojo.com/proof-of-stake-vs-proof-of-work/)</sub></center> The major difference between proof-of-work (PoW) and proof-of-stake (PoS) is that in PoW, all the coins are mined by users while in PoS all the coins are minted by only the trusted third parties. Proof of work Uses energy-intensive calculations to solve what we know as cryptographic puzzles to verify transactions on the blockchain while Proof of stake needs trusted third parties to randomly select transactions on the blockchain and also publish them on the blockchain. It takes some time before a block is published to the whole blockchain. It also allows a share of all coins to be given as rewards after validating transactions. In proof of stake, anyuser can create new coins easily by investing their own asset/money into the pool, unlike in the proof-of-work where users must divert their energy into mining to ensure the validation of transactions. This difference sets a path to higher levels of decentralization in PoS compared to PoW. Proof of stake is less risky compared to proof of work because anyone can take part in it, but mining requires a large capital to do and only few people can do it. There is less risk that spiteful users can launch about 51% attacks and monopolize mining power in proof-of-work. Even though performing an attack on PoS is difficult, still there is no close level of difficulty for a miner to mine more than 50% of the blocks on the chain. Therefore, miners need to constantly improve their algorithms to maximize profits and minimize costs. <center> ![CryptoLineBreaker.jfif](https://cdn.steemitimages.com/DQmS54hU4jQZ4mTq479T2cXtCnW3hR9MyyQFf8xWTQk9gWk/CryptoLineBreaker.jfif) </center> <center>**(b) Advantages & Disadvantages?**</center> ___ **Proof-of-Work (PoW):** See three advantages/merits and disadvantages/demerits of PoW in the table below; Advantages | Disadvantages - | - PoW makes the decentralization of cryptocurrencies in blockchain technology. | It's slow when processing transactions and it is also expensive. PoW is very difficult for cybercriminals to attack/hack because of its strong security. | There is high energy consumption in PoW. Miners earn cryptocurrency rewards and also receive a share of transaction fees. | Expensive types of equipment are used to mine in proof-of-Work. ___ **Proof-of-Stake (PoS):** See three advantages/merits and disadvantages/demerits of PoS in the table below; Advantages | Disadvantages - | - The energy efficiency of the Proof-of-Stake system is better compared to Proof-of-Work which means it doesn't require excess computational equipment. | An increase in the high number of validators tends to make the network becomes slower. POS uses lesser hardware compared to POW but ensures more users participate in the process of consensus. | The level of security in PoS is lower than the level of security in PoW. It is fast in the confirmation of transactions. | Most users are not encouraged to take part in the PoS platform because of the technological and technical barriers that come with understanding blockchain and also being cryptocurrency users/owners. <center> ![CryptoLineBreaker.jfif](https://cdn.steemitimages.com/DQmS54hU4jQZ4mTq479T2cXtCnW3hR9MyyQFf8xWTQk9gWk/CryptoLineBreaker.jfif) </center> <center>**(c) Which one is better in scaling Capacity? Examples?**</center> ___ Both Proof-of-Work and Proof-of-Stake mechanisms use hashing functions to secure the ledger. Hashing functions require memory, disk, and electricity to be maintained to produce results. Proof-of-Work miners must be competitive with other miners and keep a good percentage of their time invested to maintain their system’s network health. Thus, mining has significant scaling costs. Similarly, staking has also high scalability costs. To enable faster block creation times, there is an incentive to rent hash power from those who already have it, to provide them with revenue for running the network. Renting hash power increases the security of the network by more than 100x while lowering the costs of its resources. Staking creates fresh challenges for bumps due to its needed offline setup and clumsy operations. a relief approach is proposed which uses low- cost hosting results and tackle bias that are operated ever by computer software that facilitates agreement mechanisms like PoW and PoS. It offers advanced security at lower resource costs than the two mechanisms mentioned over. This result could help further polarize the net by allowing druggies to share in networks using only affordable bias, with no minimal number of factors, and without taking internet access. The implicit benefits are immense for little businesses, consumers, potterers, artists, growers, and seminaries. It can indeed potentially change the economics of operating an internet business by allowing all profitable actors to use these systems with no original investment or outflow. So, incipiently, I have got learned that both Proof-of- Work and Evidence-of- Stake work forfeiture but they're doing include certain constraints that bear to be addressed before wide relinquishment can do. That led me to the result that PoW is stylish in terms of Scaling capacity because it requires lower mining investment but it comes with much advanced functional costs which could beget smaller companies joining in thereon and also at how the slower rate of scaling compared to PoS. <center> ![CryptoLineBreaker.jfif](https://cdn.steemitimages.com/DQmS54hU4jQZ4mTq479T2cXtCnW3hR9MyyQFf8xWTQk9gWk/CryptoLineBreaker.jfif) </center> <center>**Conclusion**</center> ___ A very big thank you to professor @sapwood for this impactful lecture on different types of consensus mechanisms. It is important for traders to know about the different types of consensus mechanisms, and how they work.<center> ![CryptoLineBreaker.jfif](https://cdn.steemitimages.com/DQmS54hU4jQZ4mTq479T2cXtCnW3hR9MyyQFf8xWTQk9gWk/CryptoLineBreaker.jfif) </center> Cc; @sapwood </div>
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titleDifferent Types Of Consensus Mechanisms - Steemit Crypto Academy Season 5 - Homework Post for Task 6
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      "author": "suleja",
      "body": "<div class=\"text-justify\">\n\nHello crypto enthusiasts, I am back again with this Season 5 Homework task 6 post for professor @sapwood. The task is all about different types of consensus mechanisms, and I will take my time and answer the questions below.<center>\n![COVER06.jpg](https://cdn.steemitimages.com/DQmPQBTsp4eeZqUhGY5sqD4evHMKKRZqzxJ2qGkC7zxYUAf/COVER06.jpg)\n<sub>Image created on [canva](canva.com)</sub></center>\n\n<center>\n![CryptoLineBreaker.jfif](https://cdn.steemitimages.com/DQmS54hU4jQZ4mTq479T2cXtCnW3hR9MyyQFf8xWTQk9gWk/CryptoLineBreaker.jfif)\n</center>\n<center>◾<div class=\"phishy\">**Questions**</div></center>\n___\n><center>(1) What is the difference between PoW & PoS? Advantages & Disadvantages? Which one is better in scaling Capacity? Examples?</center>\n\n<center>\n![CryptoLineBreaker.jfif](https://cdn.steemitimages.com/DQmS54hU4jQZ4mTq479T2cXtCnW3hR9MyyQFf8xWTQk9gWk/CryptoLineBreaker.jfif)\n</center>\n<center>**(a) What is the difference between PoW & PoS?**</center>\n___\n<i>**Proof of work**</i>\n<center>\n![POW.jfif](https://cdn.steemitimages.com/DQmfNPKS6J4hTgk5D36A7qVRJG1vwfCMFfXwqzPi74i8DS1/POW.jfif)\n<sub>[source](https://www.dittotrade.academy/guides/ditto-guide-to-bitcoin/concept-of-consensus-everything-about-proof-of-work/)</sub></center>\nProof of work (PoW) is the underpinning system used to maintain the bitcoin blockchain. Proof of work provides an agreement to the Bitcoin network and establishes Bitcoin as a feasible decentralized currency. Proof of work was adopted by Satoshi Nakamoto to help establish Bitcoin as a digital currency that will endure for centuries. PoW allows miners to secure the Bitcoin network, collect sale freights, and make benefactions to the community by including blockheads into the sanctioned blockchain. As similar, miners are critical to the security of the Bitcoin network. Still, mining can be expensive and PoW's relative success depends on whether there is a profit motive for mining. A negative free market means miners will stop participating in the network. This leaves only small pools with low computational power and large computational power (GPUs) in control of most of the mining power. Still, it has been shown that GPU-based PoW algorithms have significantly lower centralization issues than CPU-based PoW algorithms.\n___\n<i>**Proof of Stake**</i>\n<center>\n![proof-of-stake.jpg](https://cdn.steemitimages.com/DQmcM9ZD78WX4PycNRkgt9PyrpKECFkR8hN7G8s5w7jkf92/proof-of-stake.jpg)\n<sub>[source](digitalconnectmag.com/proof-of-stake-a-medium-of-transaction-validation/)</sub></center>Proof of Stake (PoS) is a replacement consensus mechanism that makes use of \"trusted third parties\" to allow verification of transactions on the blockchain. In PoS, there are no mining concepts. In PoS, all coins are stamped as rewards for verifying transactions on the blockchain system. Third parties select these transactions randomly and publish them on the blockchain. Users with enough stake or miners then choose which transactions to validate based on the probabilities they’ve assigned to each transaction.\n___\n<i>**Differences**</i>\n<center>\n![Proof-of-Stake-vs-Proof-of-Work.jpg](https://cdn.steemitimages.com/DQmWHmZapDktgXiNMenMmPXZjp4BdtnNViuUfqgS5uisFWE/Proof-of-Stake-vs-Proof-of-Work.jpg)\n<sub>[source](wallstreetmojo.com/proof-of-stake-vs-proof-of-work/)</sub></center>\nThe major difference between proof-of-work (PoW) and proof-of-stake (PoS) is that in PoW, all the coins are mined by users while in PoS all the coins are minted by only the trusted third parties. Proof of work Uses energy-intensive calculations to solve what we know as cryptographic puzzles to verify transactions on the blockchain while Proof of stake needs trusted third parties to randomly select transactions on the blockchain and also publish them on the blockchain. It takes some time before a block is published to the whole blockchain. It also allows a share of all coins to be given as rewards after validating transactions. In proof of stake, anyuser can create new coins easily by investing their own asset/money into the pool, unlike in the proof-of-work where users must divert their energy into mining to ensure the validation of transactions. This difference sets a path to higher levels of decentralization in PoS compared to PoW. Proof of stake is less risky compared to proof of work because anyone can take part in it, but mining requires a large capital to do and only few people can do it. There is less risk that spiteful users can launch about 51% attacks and monopolize mining power in proof-of-work. Even though performing an attack on PoS is difficult, still there is no close level of difficulty for a miner to mine more than 50% of the blocks on the chain. Therefore, miners need to constantly improve their algorithms to maximize profits and minimize costs.\n\n<center>\n![CryptoLineBreaker.jfif](https://cdn.steemitimages.com/DQmS54hU4jQZ4mTq479T2cXtCnW3hR9MyyQFf8xWTQk9gWk/CryptoLineBreaker.jfif)\n</center>\n<center>**(b) Advantages & Disadvantages?**</center>\n___\n**Proof-of-Work (PoW):**\nSee three advantages/merits and disadvantages/demerits of PoW in the table below;\n\nAdvantages | Disadvantages\n- | -\nPoW makes the decentralization of cryptocurrencies in blockchain technology. | It's slow when processing transactions and it is also expensive.\nPoW is very difficult for cybercriminals to attack/hack because of its strong security. | There is high energy consumption in PoW.\nMiners earn cryptocurrency rewards and also receive a share of transaction fees. | Expensive types of equipment are used to mine in proof-of-Work.\n___\n**Proof-of-Stake (PoS):**\nSee three advantages/merits and disadvantages/demerits of PoS in the table below;\n\nAdvantages | Disadvantages\n- | -\nThe energy efficiency of the Proof-of-Stake system is better compared to Proof-of-Work which means it doesn't require excess computational equipment. | An increase in the high number of validators tends to make the network becomes slower.\nPOS uses lesser hardware compared to POW but ensures more users participate in the process of consensus. | The level of security in PoS is lower than the level of security in PoW.\nIt is fast in the confirmation of transactions. | Most users are not encouraged to take part in the PoS platform because of the technological and technical barriers that come with understanding blockchain and also being cryptocurrency users/owners.\n\n<center>\n![CryptoLineBreaker.jfif](https://cdn.steemitimages.com/DQmS54hU4jQZ4mTq479T2cXtCnW3hR9MyyQFf8xWTQk9gWk/CryptoLineBreaker.jfif)\n</center>\n<center>**(c) Which one is better in scaling Capacity? Examples?**</center>\n___\nBoth Proof-of-Work and Proof-of-Stake mechanisms use hashing functions to secure the ledger. Hashing functions require memory, disk, and electricity to be maintained to produce results. Proof-of-Work miners must be competitive with other miners and keep a good percentage of their time invested to maintain their system’s network health. Thus, mining has significant scaling costs. Similarly, staking has also high scalability costs. To enable faster block creation times, there is an incentive to rent hash power from those who already have it, to provide them with revenue for running the network. Renting hash power increases the security of the network by more than 100x while lowering the costs of its resources.\nStaking creates fresh challenges for bumps due to its needed offline setup and clumsy operations. a relief approach is proposed which uses low- cost hosting results and tackle bias that are operated ever by computer software that facilitates agreement mechanisms like PoW and PoS. It offers advanced security at lower resource costs than the two mechanisms mentioned over. This result could help further polarize the net by allowing druggies to share in networks using only affordable bias, with no minimal number of factors, and without taking internet access. The implicit benefits are immense for little businesses, consumers, potterers, artists, growers, and seminaries. It can indeed potentially change the economics of operating an internet business by allowing all profitable actors to use these systems with no original investment or outflow. So, incipiently, I have got learned that both Proof-of- Work and Evidence-of- Stake work forfeiture but they're doing include certain constraints that bear to be addressed before wide relinquishment can do. That led me to the result that PoW is stylish in terms of Scaling capacity because it requires lower mining investment but it comes with much advanced functional costs which could beget smaller companies joining in thereon and also at how the slower rate of scaling compared to PoS.\n\n<center>\n![CryptoLineBreaker.jfif](https://cdn.steemitimages.com/DQmS54hU4jQZ4mTq479T2cXtCnW3hR9MyyQFf8xWTQk9gWk/CryptoLineBreaker.jfif)\n</center>\n<center>**Conclusion**</center>\n___\nA very big thank you to professor @sapwood for this impactful lecture on different types of consensus mechanisms. It is important for traders to know about the different types of consensus mechanisms, and how they work.<center>\n![CryptoLineBreaker.jfif](https://cdn.steemitimages.com/DQmS54hU4jQZ4mTq479T2cXtCnW3hR9MyyQFf8xWTQk9gWk/CryptoLineBreaker.jfif)\n</center>\n\nCc;\n@sapwood\n\n </div>",
      "json_metadata": "{\"tags\":[\"academys5-intro06\",\"cryptoacademy\",\"club5050\",\"steemexclusive\"],\"users\":[\"sapwood\"],\"image\":[\"https://cdn.steemitimages.com/DQmPQBTsp4eeZqUhGY5sqD4evHMKKRZqzxJ2qGkC7zxYUAf/COVER06.jpg\",\"https://cdn.steemitimages.com/DQmS54hU4jQZ4mTq479T2cXtCnW3hR9MyyQFf8xWTQk9gWk/CryptoLineBreaker.jfif\",\"https://cdn.steemitimages.com/DQmfNPKS6J4hTgk5D36A7qVRJG1vwfCMFfXwqzPi74i8DS1/POW.jfif\",\"https://cdn.steemitimages.com/DQmcM9ZD78WX4PycNRkgt9PyrpKECFkR8hN7G8s5w7jkf92/proof-of-stake.jpg\",\"https://cdn.steemitimages.com/DQmWHmZapDktgXiNMenMmPXZjp4BdtnNViuUfqgS5uisFWE/Proof-of-Stake-vs-Proof-of-Work.jpg\"],\"links\":[\"canva.com\",\"https://www.dittotrade.academy/guides/ditto-guide-to-bitcoin/concept-of-consensus-everything-about-proof-of-work/\",\"digitalconnectmag.com/proof-of-stake-a-medium-of-transaction-validation/\",\"wallstreetmojo.com/proof-of-stake-vs-proof-of-work/\"],\"app\":\"steemit/0.2\",\"format\":\"markdown\"}",
      "parent_author": "",
      "parent_permlink": "hive-108451",
      "permlink": "different-types-of-consensus-mechanisms-steemit-crypto-academy-season-5-homework-post-for-task-6",
      "title": "Different Types Of Consensus Mechanisms - Steemit Crypto Academy Season 5 - Homework Post for Task 6"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2022-01-08T19:19:12",
  "trx_id": "97b181c13d1311532b078b68687ad963a7d15b90",
  "trx_in_block": 5,
  "virtual_op": 0
}
sulejapowered up 152.176 STEEM to @suleja
2022/01/08 17:12:15
amount152.176 STEEM
fromsuleja
tosuleja
Transaction InfoBlock #60559083/Trx 390dd5fb3b9a3594a2ab7028a05b533994677141
View Raw JSON Data
{
  "block": 60559083,
  "op": [
    "transfer_to_vesting",
    {
      "amount": "152.176 STEEM",
      "from": "suleja",
      "to": "suleja"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2022-01-08T17:12:15",
  "trx_id": "390dd5fb3b9a3594a2ab7028a05b533994677141",
  "trx_in_block": 3,
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}
binance-hotsent 57.990 STEEM to @suleja
2022/01/08 17:08:27
amount57.990 STEEM
frombinance-hot
memo
tosuleja
Transaction InfoBlock #60559007/Trx d3fc56779474586058a3f819948dfaea97d75484
View Raw JSON Data
{
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  "op": [
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    {
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      "memo": "",
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  "op_in_trx": 0,
  "timestamp": "2022-01-08T17:08:27",
  "trx_id": "d3fc56779474586058a3f819948dfaea97d75484",
  "trx_in_block": 5,
  "virtual_op": 0
}
binance-hotsent 0.990 STEEM to @suleja
2022/01/08 17:03:24
amount0.990 STEEM
frombinance-hot
memo
tosuleja
Transaction InfoBlock #60558906/Trx 1529c2d233998992372b32512a6616e9127ed81a
View Raw JSON Data
{
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  "op": [
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      "amount": "0.990 STEEM",
      "from": "binance-hot",
      "memo": "",
      "to": "suleja"
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  "op_in_trx": 0,
  "timestamp": "2022-01-08T17:03:24",
  "trx_id": "1529c2d233998992372b32512a6616e9127ed81a",
  "trx_in_block": 0,
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sulejabought 3.067 SBD for 37.086 STEEM from @suleja
2022/01/07 04:33:21
current orderid3637180111
current ownerdragonq
current pays37.086 STEEM
open orderid1641521269
open ownersuleja
open pays3.067 SBD
Transaction InfoBlock #60515368/Trx dc5fa36d9315cc154d73176a65d1be94b0c578aa
View Raw JSON Data
{
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  "op": [
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      "current_owner": "dragonq",
      "current_pays": "37.086 STEEM",
      "open_orderid": 1641521269,
      "open_owner": "suleja",
      "open_pays": "3.067 SBD"
    }
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  "op_in_trx": 0,
  "timestamp": "2022-01-07T04:33:21",
  "trx_id": "dc5fa36d9315cc154d73176a65d1be94b0c578aa",
  "trx_in_block": 20,
  "virtual_op": 2
}
2022/01/07 03:04:54
authorpratikjumle29
permlinkinthe-genesis-block-crypto-academy-s5-homework-post-for-task-3-by-pratikjumle29
votersuleja
weight10000 (100.00%)
Transaction InfoBlock #60513611/Trx 07d1c8cbbc0ba94fbe76fe3d4cc5a8dc148f5621
View Raw JSON Data
{
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      "voter": "suleja",
      "weight": 10000
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  "op_in_trx": 0,
  "timestamp": "2022-01-07T03:04:54",
  "trx_id": "07d1c8cbbc0ba94fbe76fe3d4cc5a8dc148f5621",
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sulejablockchain operation: limit order create
2022/01/07 02:07:51
amount to sell3.067 SBD
expiration2022-02-03T02:06:17
fill or killfalse
min to receive37.086 STEEM
orderid1641521269
ownersuleja
Transaction InfoBlock #60512479/Trx 71ce319575ca3ef6c8f9a6921afc3543378435d6
View Raw JSON Data
{
  "block": 60512479,
  "op": [
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      "expiration": "2022-02-03T02:06:17",
      "fill_or_kill": false,
      "min_to_receive": "37.086 STEEM",
      "orderid": 1641521269,
      "owner": "suleja"
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  "op_in_trx": 0,
  "timestamp": "2022-01-07T02:07:51",
  "trx_id": "71ce319575ca3ef6c8f9a6921afc3543378435d6",
  "trx_in_block": 21,
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sulejacustom json: notify
2022/01/07 02:03:24
idnotify
json["setLastRead",{"date":"2022-01-07T02:03:22"}]
required auths[]
required posting auths["suleja"]
Transaction InfoBlock #60512390/Trx f9b37030dac5dd691447676e934801f232615dc2
View Raw JSON Data
{
  "block": 60512390,
  "op": [
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      "required_auths": [],
      "required_posting_auths": [
        "suleja"
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  "op_in_trx": 0,
  "timestamp": "2022-01-07T02:03:24",
  "trx_id": "f9b37030dac5dd691447676e934801f232615dc2",
  "trx_in_block": 16,
  "virtual_op": 0
}
2022/01/06 22:03:54
authorpocoloco01
permlinksteemit-crypto-academy-season-5-task-1-tron-ecosystem
votersuleja
weight10000 (100.00%)
Transaction InfoBlock #60507638/Trx 87ad8b2d69d706240a9a59aa05ff822bb91083d3
View Raw JSON Data
{
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  "op": [
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      "permlink": "steemit-crypto-academy-season-5-task-1-tron-ecosystem",
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      "weight": 10000
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  "op_in_trx": 0,
  "timestamp": "2022-01-06T22:03:54",
  "trx_id": "87ad8b2d69d706240a9a59aa05ff822bb91083d3",
  "trx_in_block": 18,
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sulejablockchain operation: fill transfer from savings
2022/01/06 11:29:51
amount3.067 SBD
fromsuleja
memo
request id1641209389
tosuleja
Transaction InfoBlock #60495058/Virtual Operation #3
View Raw JSON Data
{
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  "op": [
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    {
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      "from": "suleja",
      "memo": "",
      "request_id": 1641209389,
      "to": "suleja"
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  "op_in_trx": 0,
  "timestamp": "2022-01-06T11:29:51",
  "trx_id": "0000000000000000000000000000000000000000",
  "trx_in_block": 4294967295,
  "virtual_op": 3
}
sulejablockchain operation: transfer from savings
2022/01/03 11:29:51
amount3.067 SBD
fromsuleja
memo
request id1641209389
tosuleja
Transaction InfoBlock #60409152/Trx 9de1fa38b491f295b8edf083d7e8ed56d8e6576b
View Raw JSON Data
{
  "block": 60409152,
  "op": [
    "transfer_from_savings",
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      "amount": "3.067 SBD",
      "from": "suleja",
      "memo": "",
      "request_id": 1641209389,
      "to": "suleja"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2022-01-03T11:29:51",
  "trx_id": "9de1fa38b491f295b8edf083d7e8ed56d8e6576b",
  "trx_in_block": 5,
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2022/01/01 22:44:57
comment authorpocoloco01
comment permlinkbichi-indicative-strategy-steemit-crypto-academy-s5w6-homework-post-for-utsavsaxena11
curatorsuleja
reward77.277606 VESTS
Transaction InfoBlock #60365302/Virtual Operation #8
View Raw JSON Data
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      "curator": "suleja",
      "reward": "77.277606 VESTS"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2022-01-01T22:44:57",
  "trx_id": "0000000000000000000000000000000000000000",
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sulejabought 3.057 SBD for 36.832 STEEM from @suleja
2021/12/29 17:26:36
current orderid1640798791
current ownerpurpleheart1
current pays36.832 STEEM
open orderid1640781583
open ownersuleja
open pays3.057 SBD
Transaction InfoBlock #60273038/Trx 393dd20aa6477533f647e6b54cfa2e9887391b3e
View Raw JSON Data
{
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  "op": [
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      "current_owner": "purpleheart1",
      "current_pays": "36.832 STEEM",
      "open_orderid": 1640781583,
      "open_owner": "suleja",
      "open_pays": "3.057 SBD"
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  "op_in_trx": 0,
  "timestamp": "2021-12-29T17:26:36",
  "trx_id": "393dd20aa6477533f647e6b54cfa2e9887391b3e",
  "trx_in_block": 27,
  "virtual_op": 4
}
sulejablockchain operation: limit order create
2021/12/29 12:39:45
amount to sell3.057 SBD
expiration2022-01-25T12:39:30
fill or killfalse
min to receive36.832 STEEM
orderid1640781583
ownersuleja
Transaction InfoBlock #60267336/Trx a5378922f1cd34c9f0918c36585289392f570eba
View Raw JSON Data
{
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      "fill_or_kill": false,
      "min_to_receive": "36.832 STEEM",
      "orderid": 1640781583,
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  "op_in_trx": 0,
  "timestamp": "2021-12-29T12:39:45",
  "trx_id": "a5378922f1cd34c9f0918c36585289392f570eba",
  "trx_in_block": 12,
  "virtual_op": 0
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sulejaclaimed reward balance: 3.023 SBD, 7.523 SP
2021/12/29 12:39:30
accountsuleja
reward sbd3.023 SBD
reward steem0.000 STEEM
reward vests12232.902883 VESTS
Transaction InfoBlock #60267331/Trx 5e8e052c75824da4961094a608d0ee90a9001dd8
View Raw JSON Data
{
  "block": 60267331,
  "op": [
    "claim_reward_balance",
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      "reward_sbd": "3.023 SBD",
      "reward_steem": "0.000 STEEM",
      "reward_vests": "12232.902883 VESTS"
    }
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  "op_in_trx": 0,
  "timestamp": "2021-12-29T12:39:30",
  "trx_id": "5e8e052c75824da4961094a608d0ee90a9001dd8",
  "trx_in_block": 8,
  "virtual_op": 0
}
2021/12/28 15:40:30
authorsuleja
permlinkrepost-or-or-steemit-crypto-academy-s5-w5-homework-post-for-prof-sachin08-on-trading-wedge-patterns-by-suleja
sbd payout3.023 SBD
steem payout0.000 STEEM
vesting payout12232.902883 VESTS
Transaction InfoBlock #60242283/Virtual Operation #9
View Raw JSON Data
{
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  "op": [
    "author_reward",
    {
      "author": "suleja",
      "permlink": "repost-or-or-steemit-crypto-academy-s5-w5-homework-post-for-prof-sachin08-on-trading-wedge-patterns-by-suleja",
      "sbd_payout": "3.023 SBD",
      "steem_payout": "0.000 STEEM",
      "vesting_payout": "12232.902883 VESTS"
    }
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  "op_in_trx": 0,
  "timestamp": "2021-12-28T15:40:30",
  "trx_id": "0000000000000000000000000000000000000000",
  "trx_in_block": 4294967295,
  "virtual_op": 9
}
sulejaclaimed reward balance: 0.034 SBD, 0.215 SP
2021/12/26 16:19:21
accountsuleja
reward sbd0.034 SBD
reward steem0.000 STEEM
reward vests349.892431 VESTS
Transaction InfoBlock #60185777/Trx 8283c3ddfd2ba09e7d420d465242ec602b8141f5
View Raw JSON Data
{
  "block": 60185777,
  "op": [
    "claim_reward_balance",
    {
      "account": "suleja",
      "reward_sbd": "0.034 SBD",
      "reward_steem": "0.000 STEEM",
      "reward_vests": "349.892431 VESTS"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2021-12-26T16:19:21",
  "trx_id": "8283c3ddfd2ba09e7d420d465242ec602b8141f5",
  "trx_in_block": 30,
  "virtual_op": 0
}
2021/12/26 06:48:00
authorpocoloco01
permlinkbichi-indicative-strategy-steemit-crypto-academy-s5w6-homework-post-for-utsavsaxena11
votersuleja
weight10000 (100.00%)
Transaction InfoBlock #60174420/Trx ca7d31a023c35d0b088ece96c742578951f72fbf
View Raw JSON Data
{
  "block": 60174420,
  "op": [
    "vote",
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      "permlink": "bichi-indicative-strategy-steemit-crypto-academy-s5w6-homework-post-for-utsavsaxena11",
      "voter": "suleja",
      "weight": 10000
    }
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  "op_in_trx": 0,
  "timestamp": "2021-12-26T06:48:00",
  "trx_id": "ca7d31a023c35d0b088ece96c742578951f72fbf",
  "trx_in_block": 3,
  "virtual_op": 0
}
2021/12/25 22:43:39
authorsuleja
permlinkrepost-or-or-steemit-crypto-academy-s5-w5-homework-post-for-prof-sachin08-on-trading-wedge-patterns-by-suleja
votersteemcurator02
weight1200 (12.00%)
Transaction InfoBlock #60164793/Trx 31f398023cce779f3c2b0b25e7e82f2f0023e8a5
View Raw JSON Data
{
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  "op": [
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2021/12/25 19:25:51
comment authormistural
comment permlinktrading-using-wedges-pattern-steemit-crypto-academy-s5w5-homework-post-for-sachin08
curatorsuleja
reward16.569923 VESTS
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sulejacustom json: notify
2021/12/25 06:34:06
idnotify
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2021/12/25 01:52:39
comment authortayetaiwo
comment permlinkstatus-p2p-messaging-or-crypto-academy-s5w5-or-homework-post-for-wahyunahrul
curatorsuleja
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2021/12/23 09:47:21
comment authorwhitestallion
comment permlinkonchain-metrics-part-3-giom-adjusted-large-transaction-volume-steemit-crypto-academy-s5w5-homework-post-for-sapwood
curatorsuleja
reward62.610773 VESTS
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sulejacustom json: notify
2021/12/22 08:37:54
idnotify
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2021/12/22 07:26:54
authorsuleja
permlinkrepost-or-or-steemit-crypto-academy-s5-w5-homework-post-for-prof-sachin08-on-trading-wedge-patterns-by-suleja
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2021/12/22 03:46:06
authorsuleja
permlinkrepost-or-or-steemit-crypto-academy-s5-w5-homework-post-for-prof-sachin08-on-trading-wedge-patterns-by-suleja
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2021/12/22 02:51:39
authormistural
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2021/12/21 22:47:09
authorsuleja
permlinkrepost-or-or-steemit-crypto-academy-s5-w5-homework-post-for-prof-sachin08-on-trading-wedge-patterns-by-suleja
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2021/12/21 21:05:21
authorsuleja
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2021/12/21 18:48:12
authorsuleja
permlinkrepost-or-or-steemit-crypto-academy-s5-w5-homework-post-for-prof-sachin08-on-trading-wedge-patterns-by-suleja
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sulejacustom json: notify
2021/12/21 18:21:09
idnotify
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2021/12/21 17:08:21
authorsuleja
permlinkrepost-or-or-steemit-crypto-academy-s5-w5-homework-post-for-prof-sachin08-on-trading-wedge-patterns-by-suleja
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2021/12/21 16:58:33
authorsuleja
permlinkrepost-or-or-steemit-crypto-academy-s5-w5-homework-post-for-prof-sachin08-on-trading-wedge-patterns-by-suleja
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sulejacustom json: notify
2021/12/21 15:44:27
idnotify
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2021/12/21 15:40:30
authorsuleja
body![Screenshot_20211221-163700.png](https://cdn.steemitimages.com/DQmRBeaguhu3KJf2S9vGj4kJxroiZcWE4ky2t9DLzGMUTSt/Screenshot_20211221-163700.png) <center> **HAPPY NEW WEEK EVERYONE** </center> *** <center> **INTRODUCTION** </center> <div class="text-justify"> <center> ![@EUNICE001 (7).png](https://cdn.steemitimages.com/DQmWUmMuYCicksi5TP1ZYLBvNGA6woDnhgDSeuvkeK27Vrp/@EUNICE001%20(7).png) [edited in canvas] </center> Wedge Pattern is a type of trading pattern that make use of two trendlines converging at the end of their movement. This means that the lines in question meets at the end of their movement which implies that the current trend will end and a new trend will have to begin. The trendline is usually drawn on the price chart one above the price and the other below the price. This lines found above and below the price acts as resistances level and support level respectively. </div> <center> ![C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iPUoBQ8ZLqVSiZwQtv52cwLh87BZgdrq6gWXDTfYp6M7Pe716L9Botf9MocCZsxycpVErVcxGri.png](https://cdn.steemitimages.com/DQmNtpVFSBNAkrdMu3B3A4WgyPjREb2HSiH6qFcqaaHYiiP/C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iPUoBQ8ZLqVSiZwQtv52cwLh87BZgdrq6gWXDTfYp6M7Pe716L9Botf9MocCZsxycpVErVcxGri.png) **MEANING OF WEDGE PATTERN** ![C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iPUoBQ8ZLqVSiZwQtv52cwLh87BZgdrq6gWXDTfYp6M7Pe716L9Botf9MocCZsxycpVErVcxGri.png](https://cdn.steemitimages.com/DQmNtpVFSBNAkrdMu3B3A4WgyPjREb2HSiH6qFcqaaHYiiP/C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iPUoBQ8ZLqVSiZwQtv52cwLh87BZgdrq6gWXDTfYp6M7Pe716L9Botf9MocCZsxycpVErVcxGri.png) </center> <div class="text-justify"> It is important to mention here that the two trend lines in questions have a large opening at their beginning and as the proceed the contract i.e the come closer to each other. It continues that way until it finally meet each other. This is mostly immediately after the price breakout and then reverses to the opposite direction. When this break out or reversal is about to take place, the volume of the asset will decrease. We basically see this wedges in a trend market not in a range market. So we can spot wedges in bullish trend or bearish trend movement and because of that, we have two types of wedges I.e the rising and the falling wedges. </div> <center> ![C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iPUoBQ8ZLqVSiZwQtv52cwLh87BZgdrq6gWXDTfYp6M7Pe716L9Botf9MocCZsxycpVErVcxGri.png](https://cdn.steemitimages.com/DQmNtpVFSBNAkrdMu3B3A4WgyPjREb2HSiH6qFcqaaHYiiP/C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iPUoBQ8ZLqVSiZwQtv52cwLh87BZgdrq6gWXDTfYp6M7Pe716L9Botf9MocCZsxycpVErVcxGri.png) **Explain both types of Wedges and How to identify them in detail. (Screenshots required)** ![C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iPUoBQ8ZLqVSiZwQtv52cwLh87BZgdrq6gWXDTfYp6M7Pe716L9Botf9MocCZsxycpVErVcxGri.png](https://cdn.steemitimages.com/DQmNtpVFSBNAkrdMu3B3A4WgyPjREb2HSiH6qFcqaaHYiiP/C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iPUoBQ8ZLqVSiZwQtv52cwLh87BZgdrq6gWXDTfYp6M7Pe716L9Botf9MocCZsxycpVErVcxGri.png) </center> <div class="text-justify"> The both types of wedges we have are the Rising wedge and the Falling wedge. Let's look at them in details one after the other. Rising Wedge When we talk about the rising wedge, we also refer it to the bearish form of wedge pattern. It is so called because the end result of this type of wedge is a bearish movement in the price of an asset. The rising wedge is a movement of price in an upward direction or uptrend or bullish direction which after encountering a breakout, the said movement will reverse to an opposite direction I.e movement will change to downward direction or downtrend or bearish direction. The rising wedge uses the two trendline as we have discuss above, one acting as a support and the other acting as a resistance. The lines continue to move until they meet (Converge) each other at the end. When this is about to happen, the price will breakout and then reverse in an opposite direction, the volume of the asset also will have to decrease. Example of rising wedge can be seen in the screenshot below. <center> ![SUL2.JPG](https://cdn.steemitimages.com/DQmQnkgkh1A34BAH5cmiwnrtgzCG6RtwxG8cmfydt2Q2kg6/SUL2.JPG) [screenshot taken from tradingbview] </center> * In other to identify the rising wedge pattern on a chart, you have to draw two trend lines one at the top of the price and the other below the price. * Be certain that this trend lines touches at least 5 points for it to be a valid wedge. It can be 3 touch above and 2 touch below. It can also be more than 5 touch but it must not be less than 5 touch. *** *** <div class="text-justify"> #### The Falling Wedges When we talk about the falling wedge, we also refer it to the bullish form of wedge pattern. It is so called because the end result of this type of wedge is a bullish movement in the price of an asset. The falling wedge is a movement of price in a downward direction or downtrend or beardish direction which after encountering a breakout, the said movement will reverse to an opposite direction I.e movement will change to upward direction or uptrend or bullish direction. The falling wedge uses the two trendline as we have discuss above, one acting as a support and the other acting as a resistance. The lines continue to move until they meet (Converge) each other at the end. When this is about to happen, the price will breakout and then reverse in an opposite direction, the volume of the asset also will have to decrease. Example of falling wedge can be seen in the screenshot below. <center> ![SUL.JPG](https://cdn.steemitimages.com/DQmP14NjSLBNUWcnRGGbmBDRGNXwFVgEL6BCWBf2J4gs62x/SUL.JPG) [screenshot taken from tradingbview] </center> **`HOW TO IDENTIFY THE FALLING WEDGE`** * In other to identify the rising wedge pattern on a chart, you have to draw two trend lines one at the top of the price and the other below the price. * Be certain that this trend lines touches at least 5 points for it to be a valid wedge. It can be 3 touch above and 2 touch below. It can also be more than 5 touch but it must not be less than 5 touch. * When identifying this wedge, take also into consideration the volume and watch it closely as it is suppose to be decreasing. </div> <center> ![C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iPUoBQ8ZLqVSiZwQtv52cwLh87BZgdrq6gWXDTfYp6M7Pe716L9Botf9MocCZsxycpVErVcxGri.png](https://cdn.steemitimages.com/DQmNtpVFSBNAkrdMu3B3A4WgyPjREb2HSiH6qFcqaaHYiiP/C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iPUoBQ8ZLqVSiZwQtv52cwLh87BZgdrq6gWXDTfYp6M7Pe716L9Botf9MocCZsxycpVErVcxGri.png) **Do the breakout of these Wedge Patterns produce False Signals sometimes? If yes, then Explain how to filter out these False signals.** ![C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iPUoBQ8ZLqVSiZwQtv52cwLh87BZgdrq6gWXDTfYp6M7Pe716L9Botf9MocCZsxycpVErVcxGri.png](https://cdn.steemitimages.com/DQmNtpVFSBNAkrdMu3B3A4WgyPjREb2HSiH6qFcqaaHYiiP/C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iPUoBQ8ZLqVSiZwQtv52cwLh87BZgdrq6gWXDTfYp6M7Pe716L9Botf9MocCZsxycpVErVcxGri.png) </center> <div class="text-justify"> I will say yes to this question. The Reason is stated below and a way out as well. It may interest you to know that false breakout are present in most trading market. hence since this cannot be eradicated from our day-to-day trading, it would be better if we think of ways to trade without getting caught up in false breakout. When we talk about false signal we are referring to signals given by the wedge pattern which are sometimes very disastrous to a trader. They signal will lead you into entering or exiting a trade the wrong time. So this is always seen in most pattern of trade and the case of the Wedge pattern is not an exception. So to answer the above question, the breakout of wedge pattern also produce fale signal. This false signal can be filtered by introducing an indicator to the trade. </div> <center> ![C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iPUoBQ8ZLqVSiZwQtv52cwLh87BZgdrq6gWXDTfYp6M7Pe716L9Botf9MocCZsxycpVErVcxGri.png](https://cdn.steemitimages.com/DQmNtpVFSBNAkrdMu3B3A4WgyPjREb2HSiH6qFcqaaHYiiP/C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iPUoBQ8ZLqVSiZwQtv52cwLh87BZgdrq6gWXDTfYp6M7Pe716L9Botf9MocCZsxycpVErVcxGri.png) **Show full trade setup using this pattern for both types of Wedges.( Entry Point, Take Profit, Stop Loss, Breakout)** ![C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iPUoBQ8ZLqVSiZwQtv52cwLh87BZgdrq6gWXDTfYp6M7Pe716L9Botf9MocCZsxycpVErVcxGri.png](https://cdn.steemitimages.com/DQmNtpVFSBNAkrdMu3B3A4WgyPjREb2HSiH6qFcqaaHYiiP/C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iPUoBQ8ZLqVSiZwQtv52cwLh87BZgdrq6gWXDTfYp6M7Pe716L9Botf9MocCZsxycpVErVcxGri.png) </center> <div class="text-justify"> For the purpose of the lesson, the token I will be using from the presentation will be the BTC/USD token. which is currently undergoing a downtrend in the price. **`TRADE SETUP FOR RISING WEDGE`** A sell entry setup is usually the case in the rising wedge. This is because the movement before breakout is usually in an upward direction and the breakout creates room for downward movement or bearish trend. Sell entry is usually set when the trend is moving in a downward direction. So let's see the sell entry setup chart below. <center> ![SUL02.JPG](https://cdn.steemitimages.com/DQmWFrCVsPc6e5cGBA3xi5XXk4SiovUhVFwk3rUUZtVAhyT/SUL02.JPG) [screenshot taken from tradingview] </center> **`TRADE SET UP FOR FALLING WEDGE`** A buy entry setup is usually the case in the falling wedge. This is because the movement before breakout is usually in a downward direction and the breakout creates room for upward movement or bullish trend. Buy entry is usually set when the trend is moving in an upward direction. So let's see the buy entry setup chart below. <center> ![SUL1.JPG](https://cdn.steemitimages.com/DQmYpt7nanbnENLg9Xcac2xc7357T9sWQVbmyTNfoyutn6o/SUL1.JPG) [screenshot taken from tradingview] </center> </div> <center> ![C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iPUoBQ8ZLqVSiZwQtv52cwLh87BZgdrq6gWXDTfYp6M7Pe716L9Botf9MocCZsxycpVErVcxGri.png](https://cdn.steemitimages.com/DQmNtpVFSBNAkrdMu3B3A4WgyPjREb2HSiH6qFcqaaHYiiP/C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iPUoBQ8ZLqVSiZwQtv52cwLh87BZgdrq6gWXDTfYp6M7Pe716L9Botf9MocCZsxycpVErVcxGri.png) **CONCLUSION** ![C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iPUoBQ8ZLqVSiZwQtv52cwLh87BZgdrq6gWXDTfYp6M7Pe716L9Botf9MocCZsxycpVErVcxGri.png](https://cdn.steemitimages.com/DQmNtpVFSBNAkrdMu3B3A4WgyPjREb2HSiH6qFcqaaHYiiP/C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iPUoBQ8ZLqVSiZwQtv52cwLh87BZgdrq6gWXDTfYp6M7Pe716L9Botf9MocCZsxycpVErVcxGri.png) </center> <div class="text-justify"> In the lesson, I’ve learned enough about the wedges patterns and I’ve come to understand what Wedges pattern is all about. The class was really wonderful all thanks to prof.@sachin08 for such a good and nice explanation. </div> ![C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iPUoBQ8ZLqVSiZwQtv52cwLh87BZgdrq6gWXDTfYp6M7Pe716L9Botf9MocCZsxycpVErVcxGri.png](https://cdn.steemitimages.com/DQmNtpVFSBNAkrdMu3B3A4WgyPjREb2HSiH6qFcqaaHYiiP/C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iPUoBQ8ZLqVSiZwQtv52cwLh87BZgdrq6gWXDTfYp6M7Pe716L9Botf9MocCZsxycpVErVcxGri.png)
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parent author
parent permlinkhive-108451
permlinkrepost-or-or-steemit-crypto-academy-s5-w5-homework-post-for-prof-sachin08-on-trading-wedge-patterns-by-suleja
titleRepost || STEEMIT CRYPTO ACADEMY S5-W5:: HOMEWORK POST FOR PROF.@sachin08:: ON TRADING WEDGE PATTERNS:: BY @suleja.
Transaction InfoBlock #60041802/Trx 60a844abe399814bae48995278f8be6ff62a15ad
View Raw JSON Data
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      "author": "suleja",
      "body": "![Screenshot_20211221-163700.png](https://cdn.steemitimages.com/DQmRBeaguhu3KJf2S9vGj4kJxroiZcWE4ky2t9DLzGMUTSt/Screenshot_20211221-163700.png)\n\n\n\n<center>\n**HAPPY NEW WEEK EVERYONE**\n</center>\n\n***\n<center>\n**INTRODUCTION** \n</center>\n\n<div class=\"text-justify\">\n\n<center>\n![@EUNICE001 (7).png](https://cdn.steemitimages.com/DQmWUmMuYCicksi5TP1ZYLBvNGA6woDnhgDSeuvkeK27Vrp/@EUNICE001%20(7).png)\n[edited in canvas]\n</center>\n\nWedge Pattern is a type of trading pattern that make use of two trendlines converging at the end of their movement. This means that the lines in question meets at the end of their movement which implies that the current trend will end and a new trend will have to begin. The trendline is usually drawn on the price chart one above the price and the other below the price. This lines found above and below the price acts as resistances level and support level respectively.\n\n</div>\n\n<center>\n![C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iPUoBQ8ZLqVSiZwQtv52cwLh87BZgdrq6gWXDTfYp6M7Pe716L9Botf9MocCZsxycpVErVcxGri.png](https://cdn.steemitimages.com/DQmNtpVFSBNAkrdMu3B3A4WgyPjREb2HSiH6qFcqaaHYiiP/C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iPUoBQ8ZLqVSiZwQtv52cwLh87BZgdrq6gWXDTfYp6M7Pe716L9Botf9MocCZsxycpVErVcxGri.png)\n\n**MEANING OF WEDGE PATTERN**\n![C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iPUoBQ8ZLqVSiZwQtv52cwLh87BZgdrq6gWXDTfYp6M7Pe716L9Botf9MocCZsxycpVErVcxGri.png](https://cdn.steemitimages.com/DQmNtpVFSBNAkrdMu3B3A4WgyPjREb2HSiH6qFcqaaHYiiP/C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iPUoBQ8ZLqVSiZwQtv52cwLh87BZgdrq6gWXDTfYp6M7Pe716L9Botf9MocCZsxycpVErVcxGri.png)\n</center>\n\n<div class=\"text-justify\">\n\nIt is important to mention here that the two trend lines in questions have a large opening at their beginning and as the proceed the contract i.e the come closer to each other. It continues that way until it finally meet each other. This is mostly immediately after the price breakout and then reverses to the opposite direction. When this break out or reversal is about to take place, the volume of the asset will decrease.\n\nWe basically see this wedges in a trend market not in a range market. So we can spot wedges in bullish trend or bearish trend movement and because of that, we have two types of wedges I.e the rising and the falling wedges.\n\n</div>\n\n<center>\n![C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iPUoBQ8ZLqVSiZwQtv52cwLh87BZgdrq6gWXDTfYp6M7Pe716L9Botf9MocCZsxycpVErVcxGri.png](https://cdn.steemitimages.com/DQmNtpVFSBNAkrdMu3B3A4WgyPjREb2HSiH6qFcqaaHYiiP/C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iPUoBQ8ZLqVSiZwQtv52cwLh87BZgdrq6gWXDTfYp6M7Pe716L9Botf9MocCZsxycpVErVcxGri.png)\n**Explain both types of Wedges and How to identify them in detail. (Screenshots required)**\n![C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iPUoBQ8ZLqVSiZwQtv52cwLh87BZgdrq6gWXDTfYp6M7Pe716L9Botf9MocCZsxycpVErVcxGri.png](https://cdn.steemitimages.com/DQmNtpVFSBNAkrdMu3B3A4WgyPjREb2HSiH6qFcqaaHYiiP/C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iPUoBQ8ZLqVSiZwQtv52cwLh87BZgdrq6gWXDTfYp6M7Pe716L9Botf9MocCZsxycpVErVcxGri.png)\n</center>\n\n<div class=\"text-justify\">\n\nThe both types of wedges we have are the Rising wedge and the Falling wedge. Let's look at them in details one after the other.\n\nRising Wedge\n\nWhen we talk about the rising wedge, we also refer it to the bearish form of wedge pattern. It is so called because the end result of this type of wedge is a bearish movement in the price of an asset. The rising wedge is a movement of price in an upward direction or uptrend or bullish direction which after encountering a breakout, the said movement will reverse to an opposite direction I.e movement will change to downward direction or downtrend or bearish direction.\n\nThe rising wedge uses the two trendline as we have discuss above, one acting as a support and the other acting as a resistance. The lines continue to move until they meet (Converge) each other at the end. When this is about to happen, the price will breakout and then reverse in an opposite direction, the volume of the asset also will have to decrease. Example of rising wedge can be seen in the screenshot below.\n\n<center>\n\n![SUL2.JPG](https://cdn.steemitimages.com/DQmQnkgkh1A34BAH5cmiwnrtgzCG6RtwxG8cmfydt2Q2kg6/SUL2.JPG)\n[screenshot taken from tradingbview]\n</center>\n\n* In other to identify the rising wedge pattern on a chart, you have to draw two trend lines one at the top of the price and the other below the price.\n\n* Be certain that this trend lines touches at least 5 points for it to be a valid wedge. It can be 3 touch above and 2 touch below. It can also be more than 5 touch but it must not be less than 5 touch.\n\n\n\n***\n***\n\n<div class=\"text-justify\">\n\n#### The Falling Wedges\n\n\n\nWhen we talk about the falling wedge, we also refer it to the bullish form of wedge pattern. It is so called because the end result of this type of wedge is a bullish movement in the price of an asset. The falling wedge is a movement of price in a downward direction or downtrend or beardish direction which after encountering a breakout, the said movement will reverse to an opposite direction I.e movement will change to upward direction or uptrend or bullish direction.\n\nThe falling wedge uses the two trendline as we have discuss above, one acting as a support and the other acting as a resistance. The lines continue to move until they meet (Converge) each other at the end. When this is about to happen, the price will breakout and then reverse in an opposite direction, the volume of the asset also will have to decrease. Example of falling wedge can be seen in the screenshot below.\n\n<center>\n![SUL.JPG](https://cdn.steemitimages.com/DQmP14NjSLBNUWcnRGGbmBDRGNXwFVgEL6BCWBf2J4gs62x/SUL.JPG)\n[screenshot taken from tradingbview]\n</center>\n\n**`HOW TO IDENTIFY THE FALLING WEDGE`**\n\n* In other to identify the rising wedge pattern on a chart, you have to draw two trend lines one at the top of the price and the other below the price.\n\n* Be certain that this trend lines touches at least 5 points for it to be a valid wedge. It can be 3 touch above and 2 touch below. It can also be more than 5 touch but it must not be less than 5 touch.\n\n* When identifying this wedge, take also into consideration the volume and watch it closely as it is suppose to be decreasing.\n\n\n</div>\n\n\n<center>\n![C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iPUoBQ8ZLqVSiZwQtv52cwLh87BZgdrq6gWXDTfYp6M7Pe716L9Botf9MocCZsxycpVErVcxGri.png](https://cdn.steemitimages.com/DQmNtpVFSBNAkrdMu3B3A4WgyPjREb2HSiH6qFcqaaHYiiP/C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iPUoBQ8ZLqVSiZwQtv52cwLh87BZgdrq6gWXDTfYp6M7Pe716L9Botf9MocCZsxycpVErVcxGri.png)\n**Do the breakout of these Wedge Patterns produce False Signals sometimes? If yes, then Explain how to filter out these False signals.**\n![C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iPUoBQ8ZLqVSiZwQtv52cwLh87BZgdrq6gWXDTfYp6M7Pe716L9Botf9MocCZsxycpVErVcxGri.png](https://cdn.steemitimages.com/DQmNtpVFSBNAkrdMu3B3A4WgyPjREb2HSiH6qFcqaaHYiiP/C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iPUoBQ8ZLqVSiZwQtv52cwLh87BZgdrq6gWXDTfYp6M7Pe716L9Botf9MocCZsxycpVErVcxGri.png)\n</center>\n\n<div class=\"text-justify\">\n\nI will say yes to this question. The Reason is stated below and a way out as well.\n\nIt may interest you to know that false breakout are present in most trading market. hence since this cannot be eradicated from our day-to-day trading, it would be better if we think of ways to trade without getting caught up in false breakout.\n\nWhen we talk about false signal we are referring to signals given by the wedge pattern which are sometimes very disastrous to a trader. They signal will lead you into entering or exiting a trade the wrong time. So this is always seen in most pattern of trade and the case of the Wedge pattern is not an exception. So to answer the above question, the breakout of wedge pattern also produce fale signal. This false signal can be filtered by introducing an indicator to the trade.\n\n</div>\n\n<center>\n![C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iPUoBQ8ZLqVSiZwQtv52cwLh87BZgdrq6gWXDTfYp6M7Pe716L9Botf9MocCZsxycpVErVcxGri.png](https://cdn.steemitimages.com/DQmNtpVFSBNAkrdMu3B3A4WgyPjREb2HSiH6qFcqaaHYiiP/C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iPUoBQ8ZLqVSiZwQtv52cwLh87BZgdrq6gWXDTfYp6M7Pe716L9Botf9MocCZsxycpVErVcxGri.png)\n**Show full trade setup using this pattern for both types of Wedges.( Entry Point, Take Profit, Stop Loss, Breakout)**\n![C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iPUoBQ8ZLqVSiZwQtv52cwLh87BZgdrq6gWXDTfYp6M7Pe716L9Botf9MocCZsxycpVErVcxGri.png](https://cdn.steemitimages.com/DQmNtpVFSBNAkrdMu3B3A4WgyPjREb2HSiH6qFcqaaHYiiP/C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iPUoBQ8ZLqVSiZwQtv52cwLh87BZgdrq6gWXDTfYp6M7Pe716L9Botf9MocCZsxycpVErVcxGri.png)\n</center>\n\n<div class=\"text-justify\">\n\nFor the purpose of the lesson, the token I will be using from the presentation will be the BTC/USD token.  which is currently undergoing a downtrend in the price.\n\n**`TRADE SETUP FOR RISING WEDGE`**\n\nA sell entry setup is usually the case in the rising wedge. This is because the movement before breakout is usually in an upward direction and the breakout creates room for downward movement or bearish trend. Sell entry is usually set when the trend is moving in a downward direction. So let's see the sell entry setup chart below.\n\n<center>\n![SUL02.JPG](https://cdn.steemitimages.com/DQmWFrCVsPc6e5cGBA3xi5XXk4SiovUhVFwk3rUUZtVAhyT/SUL02.JPG)\n[screenshot taken from tradingview]\n</center>\n\n**`TRADE SET UP FOR FALLING WEDGE`**\n\nA buy entry setup is usually the case in the falling wedge. This is because the movement before breakout is usually in a downward direction and the breakout creates room for upward movement or bullish trend. Buy entry is usually set when the trend is moving in an upward direction. So let's see the buy entry setup chart below.\n\n<center>\n![SUL1.JPG](https://cdn.steemitimages.com/DQmYpt7nanbnENLg9Xcac2xc7357T9sWQVbmyTNfoyutn6o/SUL1.JPG)\n\n[screenshot taken from tradingview]\n</center>\n</div>\n\n<center>\n![C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iPUoBQ8ZLqVSiZwQtv52cwLh87BZgdrq6gWXDTfYp6M7Pe716L9Botf9MocCZsxycpVErVcxGri.png](https://cdn.steemitimages.com/DQmNtpVFSBNAkrdMu3B3A4WgyPjREb2HSiH6qFcqaaHYiiP/C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iPUoBQ8ZLqVSiZwQtv52cwLh87BZgdrq6gWXDTfYp6M7Pe716L9Botf9MocCZsxycpVErVcxGri.png)\n**CONCLUSION**\n![C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iPUoBQ8ZLqVSiZwQtv52cwLh87BZgdrq6gWXDTfYp6M7Pe716L9Botf9MocCZsxycpVErVcxGri.png](https://cdn.steemitimages.com/DQmNtpVFSBNAkrdMu3B3A4WgyPjREb2HSiH6qFcqaaHYiiP/C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iPUoBQ8ZLqVSiZwQtv52cwLh87BZgdrq6gWXDTfYp6M7Pe716L9Botf9MocCZsxycpVErVcxGri.png)\n</center>\n\n<div class=\"text-justify\">\n\n In the lesson, I’ve learned enough about the wedges patterns and I’ve come to understand what Wedges pattern is all about. \n\nThe class was really wonderful all thanks to prof.@sachin08 for such a good and nice explanation. \n</div>\n\n![C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iPUoBQ8ZLqVSiZwQtv52cwLh87BZgdrq6gWXDTfYp6M7Pe716L9Botf9MocCZsxycpVErVcxGri.png](https://cdn.steemitimages.com/DQmNtpVFSBNAkrdMu3B3A4WgyPjREb2HSiH6qFcqaaHYiiP/C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iPUoBQ8ZLqVSiZwQtv52cwLh87BZgdrq6gWXDTfYp6M7Pe716L9Botf9MocCZsxycpVErVcxGri.png)",
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      "permlink": "repost-or-or-steemit-crypto-academy-s5-w5-homework-post-for-prof-sachin08-on-trading-wedge-patterns-by-suleja",
      "title": "Repost || STEEMIT CRYPTO ACADEMY S5-W5:: HOMEWORK POST FOR PROF.@sachin08:: ON TRADING WEDGE PATTERNS:: BY @suleja."
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2021/12/21 03:53:03
authorsuleja
permlinksteemit-crypto-academy-s5-w5-homework-post-for-prof-sachin08-on-trading-wedge-patterns-by-suleja
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sulejablockchain operation: transfer to savings
2021/12/19 14:04:18
amount3.067 SBD
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memo
tosuleja
Transaction InfoBlock #59982607/Trx 36c998a3c6cb1e56cebfbdd690becf771f2bcef1
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sulejaclaimed reward balance: 3.034 SBD, 8.127 SP
2021/12/19 14:03:54
accountsuleja
reward sbd3.034 SBD
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2021/12/18 10:06:18
authorsuleja
permlinksteemit-crypto-academy-home-work-post-for-prof-nane15-on-algorand-and-blockchain-trilemma
sbd payout3.034 SBD
steem payout0.000 STEEM
vesting payout13214.838860 VESTS
Transaction InfoBlock #59949243/Virtual Operation #7
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2021/12/18 06:01:42
authortayetaiwo
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2021/12/17 14:49:21
authorsuleja
body<center> **HAPPY NEW WEEK EVERYONE** </center> *** <center> **INTRODUCTION** </center> <div class="text-justify"> <center> ![@EUNICE001 (7).png](https://cdn.steemitimages.com/DQmWUmMuYCicksi5TP1ZYLBvNGA6woDnhgDSeuvkeK27Vrp/@EUNICE001%20(7).png) [edited in canvas] </center> Wedge Pattern is a type of trading pattern that make use of two trendlines converging at the end of their movement. This means that the lines in question meets at the end of their movement which implies that the current trend will end and a new trend will have to begin. The trendline is usually drawn on the price chart one above the price and the other below the price. This lines found above and below the price acts as resistances level and support level respectively. </div> <center> ![C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iPUoBQ8ZLqVSiZwQtv52cwLh87BZgdrq6gWXDTfYp6M7Pe716L9Botf9MocCZsxycpVErVcxGri.png](https://cdn.steemitimages.com/DQmNtpVFSBNAkrdMu3B3A4WgyPjREb2HSiH6qFcqaaHYiiP/C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iPUoBQ8ZLqVSiZwQtv52cwLh87BZgdrq6gWXDTfYp6M7Pe716L9Botf9MocCZsxycpVErVcxGri.png) **MEANING OF WEDGE PATTERN** ![C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iPUoBQ8ZLqVSiZwQtv52cwLh87BZgdrq6gWXDTfYp6M7Pe716L9Botf9MocCZsxycpVErVcxGri.png](https://cdn.steemitimages.com/DQmNtpVFSBNAkrdMu3B3A4WgyPjREb2HSiH6qFcqaaHYiiP/C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iPUoBQ8ZLqVSiZwQtv52cwLh87BZgdrq6gWXDTfYp6M7Pe716L9Botf9MocCZsxycpVErVcxGri.png) </center> <div class="text-justify"> It is important to mention here that the two trend lines in questions have a large opening at their beginning and as the proceed the contract i.e the come closer to each other. It continues that way until it finally meet each other. This is mostly immediately after the price breakout and then reverses to the opposite direction. When this break out or reversal is about to take place, the volume of the asset will decrease. We basically see this wedges in a trend market not in a range market. So we can spot wedges in bullish trend or bearish trend movement and because of that, we have two types of wedges I.e the rising and the falling wedges. </div> <center> ![C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iPUoBQ8ZLqVSiZwQtv52cwLh87BZgdrq6gWXDTfYp6M7Pe716L9Botf9MocCZsxycpVErVcxGri.png](https://cdn.steemitimages.com/DQmNtpVFSBNAkrdMu3B3A4WgyPjREb2HSiH6qFcqaaHYiiP/C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iPUoBQ8ZLqVSiZwQtv52cwLh87BZgdrq6gWXDTfYp6M7Pe716L9Botf9MocCZsxycpVErVcxGri.png) **Explain both types of Wedges and How to identify them in detail. (Screenshots required)** ![C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iPUoBQ8ZLqVSiZwQtv52cwLh87BZgdrq6gWXDTfYp6M7Pe716L9Botf9MocCZsxycpVErVcxGri.png](https://cdn.steemitimages.com/DQmNtpVFSBNAkrdMu3B3A4WgyPjREb2HSiH6qFcqaaHYiiP/C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iPUoBQ8ZLqVSiZwQtv52cwLh87BZgdrq6gWXDTfYp6M7Pe716L9Botf9MocCZsxycpVErVcxGri.png) </center> <div class="text-justify"> The both types of wedges we have are the Rising wedge and the Falling wedge. Let's look at them in details one after the other. Rising Wedge When we talk about the rising wedge, we also refer it to the bearish form of wedge pattern. It is so called because the end result of this type of wedge is a bearish movement in the price of an asset. The rising wedge is a movement of price in an upward direction or uptrend or bullish direction which after encountering a breakout, the said movement will reverse to an opposite direction I.e movement will change to downward direction or downtrend or bearish direction. The rising wedge uses the two trendline as we have discuss above, one acting as a support and the other acting as a resistance. The lines continue to move until they meet (Converge) each other at the end. When this is about to happen, the price will breakout and then reverse in an opposite direction, the volume of the asset also will have to decrease. Example of rising wedge can be seen in the screenshot below. <center> ![SUL2.JPG](https://cdn.steemitimages.com/DQmQnkgkh1A34BAH5cmiwnrtgzCG6RtwxG8cmfydt2Q2kg6/SUL2.JPG) [screenshot taken from tradingbview] </center> * In other to identify the rising wedge pattern on a chart, you have to draw two trend lines one at the top of the price and the other below the price. * Be certain that this trend lines touches at least 5 points for it to be a valid wedge. It can be 3 touch above and 2 touch below. It can also be more than 5 touch but it must not be less than 5 touch. *** *** <div class="text-justify"> #### The Falling Wedges When we talk about the falling wedge, we also refer it to the bullish form of wedge pattern. It is so called because the end result of this type of wedge is a bullish movement in the price of an asset. The falling wedge is a movement of price in a downward direction or downtrend or beardish direction which after encountering a breakout, the said movement will reverse to an opposite direction I.e movement will change to upward direction or uptrend or bullish direction. The falling wedge uses the two trendline as we have discuss above, one acting as a support and the other acting as a resistance. The lines continue to move until they meet (Converge) each other at the end. When this is about to happen, the price will breakout and then reverse in an opposite direction, the volume of the asset also will have to decrease. Example of falling wedge can be seen in the screenshot below. <center> ![SUL.JPG](https://cdn.steemitimages.com/DQmP14NjSLBNUWcnRGGbmBDRGNXwFVgEL6BCWBf2J4gs62x/SUL.JPG) [screenshot taken from tradingbview] </center> **`HOW TO IDENTIFY THE FALLING WEDGE`** * In other to identify the rising wedge pattern on a chart, you have to draw two trend lines one at the top of the price and the other below the price. * Be certain that this trend lines touches at least 5 points for it to be a valid wedge. It can be 3 touch above and 2 touch below. It can also be more than 5 touch but it must not be less than 5 touch. * When identifying this wedge, take also into consideration the volume and watch it closely as it is suppose to be decreasing. </div> <center> ![C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iPUoBQ8ZLqVSiZwQtv52cwLh87BZgdrq6gWXDTfYp6M7Pe716L9Botf9MocCZsxycpVErVcxGri.png](https://cdn.steemitimages.com/DQmNtpVFSBNAkrdMu3B3A4WgyPjREb2HSiH6qFcqaaHYiiP/C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iPUoBQ8ZLqVSiZwQtv52cwLh87BZgdrq6gWXDTfYp6M7Pe716L9Botf9MocCZsxycpVErVcxGri.png) **Do the breakout of these Wedge Patterns produce False Signals sometimes? If yes, then Explain how to filter out these False signals.** ![C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iPUoBQ8ZLqVSiZwQtv52cwLh87BZgdrq6gWXDTfYp6M7Pe716L9Botf9MocCZsxycpVErVcxGri.png](https://cdn.steemitimages.com/DQmNtpVFSBNAkrdMu3B3A4WgyPjREb2HSiH6qFcqaaHYiiP/C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iPUoBQ8ZLqVSiZwQtv52cwLh87BZgdrq6gWXDTfYp6M7Pe716L9Botf9MocCZsxycpVErVcxGri.png) </center> <div class="text-justify"> I will say yes to this question. The Reason is stated below and a way out as well. It may interest you to know that false breakout are present in most trading market. hence since this cannot be eradicated from our day-to-day trading, it would be better if we think of ways to trade without getting caught up in false breakout. When we talk about false signal we are referring to signals given by the wedge pattern which are sometimes very disastrous to a trader. They signal will lead you into entering or exiting a trade the wrong time. So this is always seen in most pattern of trade and the case of the Wedge pattern is not an exception. So to answer the above question, the breakout of wedge pattern also produce fale signal. This false signal can be filtered by introducing an indicator to the trade. </div> <center> ![C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iPUoBQ8ZLqVSiZwQtv52cwLh87BZgdrq6gWXDTfYp6M7Pe716L9Botf9MocCZsxycpVErVcxGri.png](https://cdn.steemitimages.com/DQmNtpVFSBNAkrdMu3B3A4WgyPjREb2HSiH6qFcqaaHYiiP/C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iPUoBQ8ZLqVSiZwQtv52cwLh87BZgdrq6gWXDTfYp6M7Pe716L9Botf9MocCZsxycpVErVcxGri.png) **Show full trade setup using this pattern for both types of Wedges.( Entry Point, Take Profit, Stop Loss, Breakout)** ![C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iPUoBQ8ZLqVSiZwQtv52cwLh87BZgdrq6gWXDTfYp6M7Pe716L9Botf9MocCZsxycpVErVcxGri.png](https://cdn.steemitimages.com/DQmNtpVFSBNAkrdMu3B3A4WgyPjREb2HSiH6qFcqaaHYiiP/C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iPUoBQ8ZLqVSiZwQtv52cwLh87BZgdrq6gWXDTfYp6M7Pe716L9Botf9MocCZsxycpVErVcxGri.png) </center> <div class="text-justify"> For the purpose of the lesson, the token I will be using from the presentation will be the BTC/USD token. which is currently undergoing a downtrend in the price. **`TRADE SETUP FOR RISING WEDGE`** A sell entry setup is usually the case in the rising wedge. This is because the movement before breakout is usually in an upward direction and the breakout creates room for downward movement or bearish trend. Sell entry is usually set when the trend is moving in a downward direction. So let's see the sell entry setup chart below. <center> ![SUL02.JPG](https://cdn.steemitimages.com/DQmWFrCVsPc6e5cGBA3xi5XXk4SiovUhVFwk3rUUZtVAhyT/SUL02.JPG) [screenshot taken from tradingview] </center> **`TRADE SET UP FOR FALLING WEDGE`** A buy entry setup is usually the case in the falling wedge. This is because the movement before breakout is usually in a downward direction and the breakout creates room for upward movement or bullish trend. Buy entry is usually set when the trend is moving in an upward direction. So let's see the buy entry setup chart below. <center> ![SUL1.JPG](https://cdn.steemitimages.com/DQmYpt7nanbnENLg9Xcac2xc7357T9sWQVbmyTNfoyutn6o/SUL1.JPG) [screenshot taken from tradingview] </center> </div> <center> ![C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iPUoBQ8ZLqVSiZwQtv52cwLh87BZgdrq6gWXDTfYp6M7Pe716L9Botf9MocCZsxycpVErVcxGri.png](https://cdn.steemitimages.com/DQmNtpVFSBNAkrdMu3B3A4WgyPjREb2HSiH6qFcqaaHYiiP/C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iPUoBQ8ZLqVSiZwQtv52cwLh87BZgdrq6gWXDTfYp6M7Pe716L9Botf9MocCZsxycpVErVcxGri.png) **CONCLUSION** ![C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iPUoBQ8ZLqVSiZwQtv52cwLh87BZgdrq6gWXDTfYp6M7Pe716L9Botf9MocCZsxycpVErVcxGri.png](https://cdn.steemitimages.com/DQmNtpVFSBNAkrdMu3B3A4WgyPjREb2HSiH6qFcqaaHYiiP/C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iPUoBQ8ZLqVSiZwQtv52cwLh87BZgdrq6gWXDTfYp6M7Pe716L9Botf9MocCZsxycpVErVcxGri.png) </center> <div class="text-justify"> In the lesson, I’ve learned enough about the wedges patterns and I’ve come to understand what Wedges pattern is all about. The class was really wonderful all thanks to prof.@sachin08 for such a good and nice explanation. </div> ![C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iPUoBQ8ZLqVSiZwQtv52cwLh87BZgdrq6gWXDTfYp6M7Pe716L9Botf9MocCZsxycpVErVcxGri.png](https://cdn.steemitimages.com/DQmNtpVFSBNAkrdMu3B3A4WgyPjREb2HSiH6qFcqaaHYiiP/C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iPUoBQ8ZLqVSiZwQtv52cwLh87BZgdrq6gWXDTfYp6M7Pe716L9Botf9MocCZsxycpVErVcxGri.png)
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permlinksteemit-crypto-academy-s5-w5-homework-post-for-prof-sachin08-on-trading-wedge-patterns-by-suleja
titleSTEEMIT CRYPTO ACADEMY S5-W5:: HOMEWORK POST FOR PROF.@sachin08:: ON TRADING WEDGE PATTERNS:: BY @suleja.
Transaction InfoBlock #59926234/Trx 0f0ee2805b570793f36ec4a59f87d3e5e8bd1060
View Raw JSON Data
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      "body": "<center>\n**HAPPY NEW WEEK EVERYONE**\n</center>\n\n***\n<center>\n**INTRODUCTION** \n</center>\n\n<div class=\"text-justify\">\n\n<center>\n![@EUNICE001 (7).png](https://cdn.steemitimages.com/DQmWUmMuYCicksi5TP1ZYLBvNGA6woDnhgDSeuvkeK27Vrp/@EUNICE001%20(7).png)\n[edited in canvas]\n</center>\n\nWedge Pattern is a type of trading pattern that make use of two trendlines converging at the end of their movement. This means that the lines in question meets at the end of their movement which implies that the current trend will end and a new trend will have to begin. The trendline is usually drawn on the price chart one above the price and the other below the price. This lines found above and below the price acts as resistances level and support level respectively.\n\n</div>\n\n<center>\n![C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iPUoBQ8ZLqVSiZwQtv52cwLh87BZgdrq6gWXDTfYp6M7Pe716L9Botf9MocCZsxycpVErVcxGri.png](https://cdn.steemitimages.com/DQmNtpVFSBNAkrdMu3B3A4WgyPjREb2HSiH6qFcqaaHYiiP/C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iPUoBQ8ZLqVSiZwQtv52cwLh87BZgdrq6gWXDTfYp6M7Pe716L9Botf9MocCZsxycpVErVcxGri.png)\n\n**MEANING OF WEDGE PATTERN**\n![C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iPUoBQ8ZLqVSiZwQtv52cwLh87BZgdrq6gWXDTfYp6M7Pe716L9Botf9MocCZsxycpVErVcxGri.png](https://cdn.steemitimages.com/DQmNtpVFSBNAkrdMu3B3A4WgyPjREb2HSiH6qFcqaaHYiiP/C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iPUoBQ8ZLqVSiZwQtv52cwLh87BZgdrq6gWXDTfYp6M7Pe716L9Botf9MocCZsxycpVErVcxGri.png)\n</center>\n\n<div class=\"text-justify\">\n\nIt is important to mention here that the two trend lines in questions have a large opening at their beginning and as the proceed the contract i.e the come closer to each other. It continues that way until it finally meet each other. This is mostly immediately after the price breakout and then reverses to the opposite direction. When this break out or reversal is about to take place, the volume of the asset will decrease.\n\nWe basically see this wedges in a trend market not in a range market. So we can spot wedges in bullish trend or bearish trend movement and because of that, we have two types of wedges I.e the rising and the falling wedges.\n\n</div>\n\n<center>\n![C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iPUoBQ8ZLqVSiZwQtv52cwLh87BZgdrq6gWXDTfYp6M7Pe716L9Botf9MocCZsxycpVErVcxGri.png](https://cdn.steemitimages.com/DQmNtpVFSBNAkrdMu3B3A4WgyPjREb2HSiH6qFcqaaHYiiP/C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iPUoBQ8ZLqVSiZwQtv52cwLh87BZgdrq6gWXDTfYp6M7Pe716L9Botf9MocCZsxycpVErVcxGri.png)\n**Explain both types of Wedges and How to identify them in detail. (Screenshots required)**\n![C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iPUoBQ8ZLqVSiZwQtv52cwLh87BZgdrq6gWXDTfYp6M7Pe716L9Botf9MocCZsxycpVErVcxGri.png](https://cdn.steemitimages.com/DQmNtpVFSBNAkrdMu3B3A4WgyPjREb2HSiH6qFcqaaHYiiP/C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iPUoBQ8ZLqVSiZwQtv52cwLh87BZgdrq6gWXDTfYp6M7Pe716L9Botf9MocCZsxycpVErVcxGri.png)\n</center>\n\n<div class=\"text-justify\">\n\nThe both types of wedges we have are the Rising wedge and the Falling wedge. Let's look at them in details one after the other.\n\nRising Wedge\n\nWhen we talk about the rising wedge, we also refer it to the bearish form of wedge pattern. It is so called because the end result of this type of wedge is a bearish movement in the price of an asset. The rising wedge is a movement of price in an upward direction or uptrend or bullish direction which after encountering a breakout, the said movement will reverse to an opposite direction I.e movement will change to downward direction or downtrend or bearish direction.\n\nThe rising wedge uses the two trendline as we have discuss above, one acting as a support and the other acting as a resistance. The lines continue to move until they meet (Converge) each other at the end. When this is about to happen, the price will breakout and then reverse in an opposite direction, the volume of the asset also will have to decrease. Example of rising wedge can be seen in the screenshot below.\n\n<center>\n\n![SUL2.JPG](https://cdn.steemitimages.com/DQmQnkgkh1A34BAH5cmiwnrtgzCG6RtwxG8cmfydt2Q2kg6/SUL2.JPG)\n[screenshot taken from tradingbview]\n</center>\n\n* In other to identify the rising wedge pattern on a chart, you have to draw two trend lines one at the top of the price and the other below the price.\n\n* Be certain that this trend lines touches at least 5 points for it to be a valid wedge. It can be 3 touch above and 2 touch below. It can also be more than 5 touch but it must not be less than 5 touch.\n\n\n\n***\n***\n\n<div class=\"text-justify\">\n\n#### The Falling Wedges\n\n\n\nWhen we talk about the falling wedge, we also refer it to the bullish form of wedge pattern. It is so called because the end result of this type of wedge is a bullish movement in the price of an asset. The falling wedge is a movement of price in a downward direction or downtrend or beardish direction which after encountering a breakout, the said movement will reverse to an opposite direction I.e movement will change to upward direction or uptrend or bullish direction.\n\nThe falling wedge uses the two trendline as we have discuss above, one acting as a support and the other acting as a resistance. The lines continue to move until they meet (Converge) each other at the end. When this is about to happen, the price will breakout and then reverse in an opposite direction, the volume of the asset also will have to decrease. Example of falling wedge can be seen in the screenshot below.\n\n<center>\n![SUL.JPG](https://cdn.steemitimages.com/DQmP14NjSLBNUWcnRGGbmBDRGNXwFVgEL6BCWBf2J4gs62x/SUL.JPG)\n[screenshot taken from tradingbview]\n</center>\n\n**`HOW TO IDENTIFY THE FALLING WEDGE`**\n\n* In other to identify the rising wedge pattern on a chart, you have to draw two trend lines one at the top of the price and the other below the price.\n\n* Be certain that this trend lines touches at least 5 points for it to be a valid wedge. It can be 3 touch above and 2 touch below. It can also be more than 5 touch but it must not be less than 5 touch.\n\n* When identifying this wedge, take also into consideration the volume and watch it closely as it is suppose to be decreasing.\n\n\n</div>\n\n\n<center>\n![C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iPUoBQ8ZLqVSiZwQtv52cwLh87BZgdrq6gWXDTfYp6M7Pe716L9Botf9MocCZsxycpVErVcxGri.png](https://cdn.steemitimages.com/DQmNtpVFSBNAkrdMu3B3A4WgyPjREb2HSiH6qFcqaaHYiiP/C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iPUoBQ8ZLqVSiZwQtv52cwLh87BZgdrq6gWXDTfYp6M7Pe716L9Botf9MocCZsxycpVErVcxGri.png)\n**Do the breakout of these Wedge Patterns produce False Signals sometimes? If yes, then Explain how to filter out these False signals.**\n![C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iPUoBQ8ZLqVSiZwQtv52cwLh87BZgdrq6gWXDTfYp6M7Pe716L9Botf9MocCZsxycpVErVcxGri.png](https://cdn.steemitimages.com/DQmNtpVFSBNAkrdMu3B3A4WgyPjREb2HSiH6qFcqaaHYiiP/C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iPUoBQ8ZLqVSiZwQtv52cwLh87BZgdrq6gWXDTfYp6M7Pe716L9Botf9MocCZsxycpVErVcxGri.png)\n</center>\n\n<div class=\"text-justify\">\n\nI will say yes to this question. The Reason is stated below and a way out as well.\n\nIt may interest you to know that false breakout are present in most trading market. hence since this cannot be eradicated from our day-to-day trading, it would be better if we think of ways to trade without getting caught up in false breakout.\n\nWhen we talk about false signal we are referring to signals given by the wedge pattern which are sometimes very disastrous to a trader. They signal will lead you into entering or exiting a trade the wrong time. So this is always seen in most pattern of trade and the case of the Wedge pattern is not an exception. So to answer the above question, the breakout of wedge pattern also produce fale signal. This false signal can be filtered by introducing an indicator to the trade.\n\n</div>\n\n<center>\n![C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iPUoBQ8ZLqVSiZwQtv52cwLh87BZgdrq6gWXDTfYp6M7Pe716L9Botf9MocCZsxycpVErVcxGri.png](https://cdn.steemitimages.com/DQmNtpVFSBNAkrdMu3B3A4WgyPjREb2HSiH6qFcqaaHYiiP/C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iPUoBQ8ZLqVSiZwQtv52cwLh87BZgdrq6gWXDTfYp6M7Pe716L9Botf9MocCZsxycpVErVcxGri.png)\n**Show full trade setup using this pattern for both types of Wedges.( Entry Point, Take Profit, Stop Loss, Breakout)**\n![C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iPUoBQ8ZLqVSiZwQtv52cwLh87BZgdrq6gWXDTfYp6M7Pe716L9Botf9MocCZsxycpVErVcxGri.png](https://cdn.steemitimages.com/DQmNtpVFSBNAkrdMu3B3A4WgyPjREb2HSiH6qFcqaaHYiiP/C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iPUoBQ8ZLqVSiZwQtv52cwLh87BZgdrq6gWXDTfYp6M7Pe716L9Botf9MocCZsxycpVErVcxGri.png)\n</center>\n\n<div class=\"text-justify\">\n\nFor the purpose of the lesson, the token I will be using from the presentation will be the BTC/USD token.  which is currently undergoing a downtrend in the price.\n\n**`TRADE SETUP FOR RISING WEDGE`**\n\nA sell entry setup is usually the case in the rising wedge. This is because the movement before breakout is usually in an upward direction and the breakout creates room for downward movement or bearish trend. Sell entry is usually set when the trend is moving in a downward direction. So let's see the sell entry setup chart below.\n\n<center>\n![SUL02.JPG](https://cdn.steemitimages.com/DQmWFrCVsPc6e5cGBA3xi5XXk4SiovUhVFwk3rUUZtVAhyT/SUL02.JPG)\n[screenshot taken from tradingview]\n</center>\n\n**`TRADE SET UP FOR FALLING WEDGE`**\n\nA buy entry setup is usually the case in the falling wedge. This is because the movement before breakout is usually in a downward direction and the breakout creates room for upward movement or bullish trend. Buy entry is usually set when the trend is moving in an upward direction. So let's see the buy entry setup chart below.\n\n<center>\n![SUL1.JPG](https://cdn.steemitimages.com/DQmYpt7nanbnENLg9Xcac2xc7357T9sWQVbmyTNfoyutn6o/SUL1.JPG)\n\n[screenshot taken from tradingview]\n</center>\n</div>\n\n<center>\n![C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iPUoBQ8ZLqVSiZwQtv52cwLh87BZgdrq6gWXDTfYp6M7Pe716L9Botf9MocCZsxycpVErVcxGri.png](https://cdn.steemitimages.com/DQmNtpVFSBNAkrdMu3B3A4WgyPjREb2HSiH6qFcqaaHYiiP/C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iPUoBQ8ZLqVSiZwQtv52cwLh87BZgdrq6gWXDTfYp6M7Pe716L9Botf9MocCZsxycpVErVcxGri.png)\n**CONCLUSION**\n![C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iPUoBQ8ZLqVSiZwQtv52cwLh87BZgdrq6gWXDTfYp6M7Pe716L9Botf9MocCZsxycpVErVcxGri.png](https://cdn.steemitimages.com/DQmNtpVFSBNAkrdMu3B3A4WgyPjREb2HSiH6qFcqaaHYiiP/C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iPUoBQ8ZLqVSiZwQtv52cwLh87BZgdrq6gWXDTfYp6M7Pe716L9Botf9MocCZsxycpVErVcxGri.png)\n</center>\n\n<div class=\"text-justify\">\n\n In the lesson, I’ve learned enough about the wedges patterns and I’ve come to understand what Wedges pattern is all about. \n\nThe class was really wonderful all thanks to prof.@sachin08 for such a good and nice explanation. \n</div>\n\n![C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iPUoBQ8ZLqVSiZwQtv52cwLh87BZgdrq6gWXDTfYp6M7Pe716L9Botf9MocCZsxycpVErVcxGri.png](https://cdn.steemitimages.com/DQmNtpVFSBNAkrdMu3B3A4WgyPjREb2HSiH6qFcqaaHYiiP/C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iPUoBQ8ZLqVSiZwQtv52cwLh87BZgdrq6gWXDTfYp6M7Pe716L9Botf9MocCZsxycpVErVcxGri.png)",
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      "title": "STEEMIT CRYPTO ACADEMY S5-W5:: HOMEWORK POST FOR PROF.@sachin08:: ON TRADING WEDGE PATTERNS:: BY @suleja."
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sulejaclaimed reward balance: 0.143 SP
2021/12/17 13:57:24
accountsuleja
reward sbd0.000 SBD
reward steem0.000 STEEM
reward vests232.262646 VESTS
Transaction InfoBlock #59925200/Trx cfca04ff6a0ee3bd03455669da15958384796c64
View Raw JSON Data
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2021/12/17 13:51:27
authorwhitestallion
permlinkonchain-metrics-part-3-giom-adjusted-large-transaction-volume-steemit-crypto-academy-s5w5-homework-post-for-sapwood
votersuleja
weight10000 (100.00%)
Transaction InfoBlock #59925083/Trx ab40c36974281b097766ab84485b1c49603fbf7a
View Raw JSON Data
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Account Metadata

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