Steemit Crypto Academy Contest / S21W6 [SUMMARY] : Combining Multi-Timeframe Analysis with Market Cycles

in SteemitCryptoAcademy15 days ago (edited)

Introduction

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Dear Steemians,

Welcome to the sixth and final week of Season 21 of the Steemit Crypto Academy's "Advanced Trading: Multi-Timeframe Analysis and Market Cycles" competition. From December 2 to December 8, 2024, we embarked on a journey to blend the insights of multi-timeframe analysis with the understanding of market cycles—two essential elements of advanced trading strategies.

Market cycles, encompassing accumulation, expansion, distribution, and contraction phases, provide a lens through which we can observe the ebb and flow of market sentiment. Multi-timeframe analysis, on the other hand, offers a method to break down the market into multiple layers of information—weekly, daily, and hourly—to pinpoint trends, identify reversals, and enhance decision-making.

By combining these two powerful analytical frameworks, participants were challenged to create refined trading strategies tailored to the STEEM/USDT market, adapt to changing conditions, and maintain a solid footing in volatile environments.

In this final report of Season 21, we will highlight the achievements of our participants, reflect on their contributions, and celebrate the close of an enlightening and dynamic series of competitions.


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Participation Statistics

This week’s contest saw strong engagement, reflecting the sustained interest in advanced trading concepts within our community. We are pleased to report that we received a total of 11 entries—a testament to the ongoing enthusiasm and dedication of participants.

Here is the detailed breakdown:

Total Number of EntriesValid EntriesInvalid EntriesPlagiarized Content
111010
  • 2 entries were rated Excellent, demonstrating exceptional understanding and application of multi-timeframe analysis and market cycle integration.
  • 8 entries were rated Good, showcasing solid knowledge and practical approaches, with room for further enhancement.
  • 0 entries were rated Acceptable.
  • 1 entry was considered invalid due to irrelevant content.
  • 0 entries contained plagiarized content.

The invalid entry serves as a reminder of the importance of relevance and adherence to the competition’s guidelines, while the absence of plagiarism underscores the community’s commitment to originality and intellectual integrity.


Performance Evaluation

The overall quality of submissions was impressive, with participants displaying a robust understanding of market cycles and the ability to apply multi-timeframe analysis effectively. By combining these concepts, participants offered nuanced insights into the STEEM/USDT market’s complexities and demonstrated innovative ways to manage risk, optimize entry and exit points, and navigate changing sentiment.

Here’s the performance distribution this week:

  • Excellent (18.18%): 2 posts delivered outstanding content, seamlessly integrating theoretical knowledge with actionable trading strategies.
  • Good (72.72%): 8 posts exhibited solid understanding, practical application, and thoughtful analysis, albeit with room to delve deeper into finer details.
  • Invalid (9.09%): 1 post, unfortunately, did not align with the competition requirements, highlighting the importance of remaining focused on the given topic.

This distribution reflects a majority of participants presenting valuable insights. Those who reached the Excellent tier exemplified the highest standards of analytical rigor and strategic thinking that the Steemit Crypto Academy encourages.

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Score Distribution

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Performance Distribution (%)


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Top Contributors

We extend our congratulations to the top contributors who distinguished themselves through their in-depth analyses, clear demonstrations, and innovative strategies. These participants showcased exceptional skill in integrating multi-timeframe analysis with market cycles to produce actionable insights:

RankingUsernameArticleScore
1@sahmieLink8.8/10
2@mohammadfaisalLink8.8/10
3@artist1111Link8.7/10
4@simonnwigweLink8.7/10

@sahmie and @mohammadfaisal both achieved the highest score this week, tying for first place with 8.8/10. Their submissions stood out for their depth of analysis, clarity of presentation, and the elegant integration of multi-timeframe perspectives with market cycle phases. Their work exemplifies what can be accomplished with dedication, critical thinking, and creativity.

@artist1111 and @simonnwigwe followed closely, with 8.7/10 each, also delivering high-quality analyses and valuable trading strategies that highlight their strong grasp of the competition’s core concepts.

All participants are encouraged to review these top submissions as benchmarks of excellence and sources of inspiration for future endeavors.


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Conclusion

As we conclude Season 21 of the Steemit Crypto Academy, we celebrate a journey of learning, innovation, and continuous improvement. From the early weeks’ explorations of fractals and multi-timeframe analysis to the sophisticated integrations of sentiment indicators, on-chain data, and market cycles, participants have steadily honed their analytical and strategic trading skills.

This final week’s focus on "Advanced Trading: Multi-Timeframe Analysis and Market Cycles" served as a culminating challenge, pushing participants to synthesize multiple concepts into cohesive, actionable strategies. The strong participation, original insights, and quality contributions speak to the community’s commitment to growth and excellence.

Looking ahead, we encourage participants to:

  • Refine Techniques: Continue exploring advanced tools and frameworks, seeking ever-greater precision in decision-making.
  • Embrace Complexity: Recognize that real-world markets are multifaceted and require integrated approaches, such as combining cycle analysis with multi-timeframe perspectives.
  • Practice Risk Management: Remain vigilant about volatility and strive to protect capital through disciplined risk management.
  • Foster Community and Knowledge-Sharing: Engage with fellow traders, share experiences, and support each other’s learning journeys.

We extend our deepest gratitude to all participants for their hard work, creativity, and integrity throughout Season 21. Your efforts have enriched the Steemit Crypto Academy and advanced the collective understanding of cryptocurrency trading.

Stay tuned for future challenges and opportunities to further elevate your trading skills!

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Thank You😊.

Wow, This seems like a contest designed just for me. : ) I am very interested in technical analysis although I have been doing it for some time, there is always room for improvement but I think I am late. Can anyone tell me when the next contest will be organized?

☀️

Компенсаційна таблиця #academysummary-s21w6.png

Дякую! ☀️☀️

Make me want to brush up my technique analysis real quick LoL