Steemit Crypto Academy Contest / S20W2 [SUMMARY] : Trading Steem with Elliott Wave Theory

Introduction

Hello Steemians,

Welcome to the weekly edition of our competition, organized by the Steemit Crypto Academy as part of the Steemit Engagement Challenge (SEC) Season 20. For this second week, from September 16 to 22, 2024, we focused on a vital trading strategy: Trading STEEM with the Elliott Wave Theory.

This theme provided an opportunity for participants to explore the intricacies of market psychology through the Elliott Wave Theory, which is crucial for identifying market patterns and making informed trading decisions. Applying this method allows traders to predict market movements and develop a strategic approach to trading.

Our participants delivered insightful and well-researched submissions, showcasing their understanding of the Elliott Wave Theory and its application in trading STEEM. Their analyses contributed to a highly informative and engaging week.

This report presents a summary of the best entries, innovative ideas, and valuable insights shared by our talented members. It also emphasizes the importance of mastering these concepts in cryptocurrency trading.

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Participation Statistics

During this week, we received a total of 8 entries, all of which were valid. Here's the breakdown:

Total number of entries	Invalid entry	Plagiarized content
8	0	0

We are satisfied with the overall quality of the submissions, which exhibited a high level of engagement and a thorough understanding of the topic.

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_{Score Distribution}

_{Performance Distribution (%)}

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Out of the 8 valid entries, 12.5% were rated as excellent, and 87.5% were rated as good. This distribution demonstrates that participants have a solid grasp of the Elliott Wave Theory, which they applied effectively in their analysis of STEEM market behavior.

The overall quality of the submissions reflects a commendable level of engagement and analytical skills. Encouraging thoughtful and original contributions will be key to maintaining this standard in future contests.

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Top 5 Users This Week

Based on the quality of the submissions, we are pleased to recognize the following top contributors for this week:

Ranking	Username	Article	Score
1	@aneukpineung78	Link	9/10
2	@stream4u	Link	8.75/10
3	@mrsokal	Link	8.75/10
4	@mohammadfaisal	Link	8.75/10
5	@mostofajaman	Link	8/10

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Conclusion

We are pleased with the participation and quality of submissions in the second week of Season 20. All participants provided valuable insights and demonstrated a solid understanding of the Elliott Wave Theory. As we move forward, we aim to encourage even more original and thoughtful contributions while maintaining strict adherence to competition rules to avoid plagiarism.

We thank all participants for their contributions and look forward to the coming weeks, where we will continue to explore enriching and relevant topics in cryptocurrency trading.