Dear Steemians,
Welcome to the fourth week of Season 21 of the Steemit Crypto Academy's "Advanced Breakout Strategies with Volume Profile and VWAP" competition. From November 18 to November 24, 2024, we delved into advanced breakout strategies, integrating Volume Profile and VWAP (Volume Weighted Average Price) to empower traders in identifying breakout opportunities with greater precision. These tools are instrumental in managing associated risks and capitalizing on significant price movements during a bull run.
Breakouts often mark the onset of rapid price changes, presenting lucrative opportunities for traders. However, they also come with risks, including false signals. By utilizing Volume Profile to identify critical trading zones and VWAP to measure price dynamics, traders can develop robust strategies for navigating breakouts effectively.
This week’s competition challenged participants to analyze the STEEM/USDT pair, apply these advanced tools, and demonstrate how to execute breakout strategies with confidence. The submissions reflected a deep understanding of market mechanics, showcasing the participants' analytical skills and strategic thinking—core values that the Steemit Crypto Academy strives to promote.
In this report, we will highlight key aspects of this week's competition, present the most innovative ideas shared by participants, and reflect on the overall quality of the submissions.
This week, we are pleased to report a solid level of engagement, with a total of 7 valid entries submitted. The continued interest and enthusiasm within our crypto trading community are evident, and we are delighted to see participants embracing advanced trading concepts.
Here is the detailed breakdown:
| Total Number of Entries | Valid Entries | Invalid Entries | Plagiarized Content |
|---|---|---|---|
| 7 | 7 | 0 | 0 |
Out of the 7 entries:
We are particularly pleased with the absence of invalid or plagiarized submissions, reflecting the participants' dedication to producing original, high-quality content. The commitment to academic integrity and the production of thoughtful, well-researched work is commendable.
The overall quality of the submissions this week was impressive. Participants displayed a strong grasp of Volume Profile and VWAP, effectively applying these tools to identify and execute breakout strategies in the STEEM market. Here's the distribution of performance evaluations:
The entry rated Excellent stood out for its depth of analysis, clarity of explanation, and effective use of Volume Profile and VWAP in trading strategies. The majority of participants fell into the Good category, indicating a strong overall performance and a solid understanding of the subject matter.
The performance distribution suggests that while participants are producing strong and well-structured submissions, there is potential for further enhancement. Encouraging participants to delve deeper into the nuances of Volume Profile and VWAP, explore advanced strategies, and provide more detailed analyses will help elevate their work to the 'Excellent' level in future contests.
We are pleased to recognize the participants who delivered outstanding submissions this week. These users demonstrated technical proficiency, creativity, and insightful analysis in their work. Here are the top performers:
| Ranking | Username | Article | Score |
|---|---|---|---|
| 1 | @sahmie | Link | 8.9/10 |
| 2 | @luxalok | Link | 8.7/10 |
| 3 | @artist1111 | Link | 8.6/10 |
| 4 | @simonnwigwe | Link | 8.6/10 |
@sahmie achieved the highest score this week with 8.9/10, standing out for her detailed analysis and effective application of Volume Profile and VWAP in breakout strategies for the STEEM market. Her submission demonstrated a high level of understanding and practical insight, serving as an excellent example for others.
@luxalok, @artist1111, and @simonnwigwe also delivered high-quality work, showcasing their ability to interpret market dynamics, utilize advanced tools effectively, and develop robust trading strategies.
We encourage all participants to review these top submissions to gain insights into how to enhance their analyses and presentations in future contests.
The fourth week of Season 21 has been both challenging and rewarding. Participants embraced the complexity of advanced breakout strategies, demonstrating their dedication to advancing their trading skills and understanding of sophisticated market analysis tools.
The strong performance across the board reflects a deepening understanding of Volume Profile and VWAP within our community. As participants continue to refine their skills, we anticipate even more exceptional work in the coming weeks.
We are particularly pleased with the collaborative spirit and mutual support demonstrated within the community. By sharing insights and constructive feedback, participants are not only enhancing their own expertise but also fostering a culture of continuous learning and improvement.
Moving forward, we encourage participants to:
We extend our heartfelt thanks to all participants for their dedication and hard work this week. Your contributions enrich the Steemit Crypto Academy and inspire others to pursue excellence.
Stay tuned for more exciting competitions!