Hello All Steemians !!!

Today I'm going to make my Steemit Crypto Academy Homework task by professor @reddileep that talking about How to Trade Cryptocurrencies Profitably Using TD Sequential. Very interesting lessons. Actually I have very little knowledge about this, but I will try to discuss it to improve my writing skills. On this occasion I will try to discuss it.

![16.png](https://cdn.steemitimages.com/DQmc2ZWHLtTT3gAhYQRKx19MFZnY3nmoW9rovkAMd2T55cQ/16.png) ![Picture1.png](https://cdn.steemitimages.com/DQmWJeJuj4zLHaQMik8UVJEUDX4DdJrXZyYovR6msQTY895/Picture1.png) ### Define TD Sequential Indicator in your own words --- TD Sequential is an indicator that traders can use to carry out technical analysis which is the strategy in trading. This indicator can be added to the charts of crypto assets to identify situations occurring in the market in the form of reversals or corrections. Traders can determine market movements that indicate long-term or temporary time. If the market undergoes a long term change this indicates a reversal and if the market undergoes a temporary change this indicates a correction. Market reversals or corrections are what this indicator focuses on to assist traders. In the world of cryptocurrencies, crypto asset price volatility will inevitably occur over time. Crypto asset price movements or changes in market direction can be analyzed and observed by traders who are very familiar with the cryptocurrency market cycle. What often happens in the cryptocurrency market is that if the crypto asset market is going up, there is a time when the market stops and changes direction. Changes in the crypto asset market can occur in the long term or temporary, therefore the TD Sequential indicator can be relied on by traders to analyze the situation and timing of market changes. Traders definitely expect profits and eliminate losses from the results of trading crypto assets made. Here traders need good strategy and analysis to achieve goals such as by placing buy or sell orders and joining market trends at the right time. Traders can use this indicator on the Japanese Candlestick chart to observe the behavior of each candle. The use of a 4 hour time frame is preferable to produce a more accurate analysis. TD Sequential is an indicator that is very helpful for traders and has a positive impact on producing good technical analysis. ![Picture1.png](https://cdn.steemitimages.com/DQmWJeJuj4zLHaQMik8UVJEUDX4DdJrXZyYovR6msQTY895/Picture1.png) ### Explain the Psychology behind TD Sequential --- TD Sequential has been created and designed in such a way that it shows values 1-9 based on a special calculation that is above and below each candle on the Japanese Candlestick chart to indicate a trader a market reversal or correction situation. This indicator consists of two namely the Setup phase and the Countdown phase. The TD Setup phase shows two Setups, namely TD Buy Setup and TD Sell Setup which are the focus of traders in the trading process. ![1.png](https://cdn.steemitimages.com/DQmPcEKB15iLxAW8rZvqz7Kif5MtvTH3HB5GAiBhuu3RGSW/1.png) _{Figure 1 TD Sell Setup [from Tradingview](https://www.tradingview.com/chart/)} ![2.png](https://cdn.steemitimages.com/DQmUkKCLTybm43WDiXrQE3dVDi2qDXMEHdBVhJpUnR7g5QD/2.png) _{Figure 2 TD Buy Setup [from Tradingview](https://www.tradingview.com/chart/)} Based on the chart above, the TD Buy Setup and TD Sell Setup are indications or momentum for traders to enter or exit the XMR/USDT market. In the TD Buy Setup, the market shows a downward price movement or a downtrend and there are values 1-9 in red. Traders can place a buy order at that value because after value of 9 the market will experience a reversal or correction. In the TD Sell Setup, the market shows an upward price movement or an uptrend and there are values 1-9 in green. Traders can place a sell order at that value because after value of 9 the market will experience a reversal or correction. Countdown phase is different from the Setup phase in that it consists of 13 values instead of 9. Resistance levels and support levels can be identified based on these values. ![Picture1.png](https://cdn.steemitimages.com/DQmWJeJuj4zLHaQMik8UVJEUDX4DdJrXZyYovR6msQTY895/Picture1.png) ### Explain the TD Setup during a bullish and a bearish market --- #### Bullish Market --- ![3.png](https://cdn.steemitimages.com/DQmefghfCCcqwSfDrjUWDBDPdNrL58U1hnHa8EZvDJJrBjS/3.png) _{Figure 3 Bullish Market [from Tradingview](https://www.tradingview.com/chart/)} Based on the chart above, TD Setup of the XMR/USDT bearish phase is with the following criteria: - The XMR/USDT market shows a bearish phase where the candlesticks has a value of 1-9 below it and are red. - Analyze the bullish candlesticks that has a value of 1 above it and is green. - The close of the bullish candlesticks must be above the close of the previous 4 candlesticks. - The next candlesticks must show a long bullish phase and its close must also be above the close of the previous 4. candlesticks. - An indication of a market reversal can be identified after the candlesticks has a value of 8 or 9 above it and is green. - Sell orders can be placed at this point. #### Bearish Market --- ![4.png](https://cdn.steemitimages.com/DQmb4bXRcuAD7QUkwJSXJsooDFse2gmyBQehJwkEzwUYrrD/4.png) _{Figure 4 Bearish Market [from Tradingview](https://www.tradingview.com/chart/)} Based on the chart above, TD Setup of the XMR/USDT bullish phase is with the following criteria: - The XMR/USDT market shows a bullish phase where the candlesticks has a value of 1-9 above it and are green. - Analyze the bearish candlesticks that has a value of 1 below it and is red. - The close of the bearish candlesticks must be below the close of the previous 4 candlesticks. - The next candlesticks must show a long bearish phase and its close must also be below the close of the previous 4 candlesticks. - An indication of a market reversal can be identified after the candlesticks has a value of 8 or 9 below it and is red. - Buy orders can be placed at this point. ![Picture1.png](https://cdn.steemitimages.com/DQmWJeJuj4zLHaQMik8UVJEUDX4DdJrXZyYovR6msQTY895/Picture1.png) ### Graphically explain how to identify a trend reversal using TD Sequential Indicator in a chart --- #### Uptrend Reversal --- ![5.png](https://cdn.steemitimages.com/DQmQPtShHBtXU3vVcFUHW8B63c5V6JATHd1PjxoFzYK4VKA/5.png) _{Figure 5 Uptrend Reversal [from Tradingview](https://www.tradingview.com/chart/)} Based on the chart above, the identification of the XMR/USDT reversal trend is with the following criteria: - The XMR/USDT market shows an uptrend where the candlesticks has a value of 1-9 above it and is green. - Candlesticks that has a value of 9 or 8 must be above candlesticks that has a value of 6 and 7. - Analyze the bearish candlesticks that has a value of 1-4 which is an indication of a trend reversal or market correction. - Trend reversal can occur after 4 bearish candlesticks continue to follow the market trend. - The XMR/USDT market reversal from uptrend to downtrend has been confirmed. #### Downtrend Reversal --- ![6.png](https://cdn.steemitimages.com/DQmTBcA1aT7UbfkWBjcAbWhGT4iqKEy3chQW2Trukmfc3jV/6.png) _{Figure 6 Downtrend Reversal [from Tradingview](https://www.tradingview.com/chart/)} Based on the chart above, the identification of the XMR/USDT reversal trend is with the following criteria: - The XMR/USDT market shows a downtrend where the candlesticks has a value of 1-9 below it and is red. - Candlesticks that has a value of 9 or 8 must be below candlesticks that has a value of 6 and 7. - Analyze the bullish candlesticks that has a value of 1-4 which is an indication of a trend reversal or market correction. - Trend reversal can occur after 4 bullish candlesticks continue to follow the market trend. - The XMR/USDT market reversal from downtrend to uptrend has been confirmed. ![Picture1.png](https://cdn.steemitimages.com/DQmWJeJuj4zLHaQMik8UVJEUDX4DdJrXZyYovR6msQTY895/Picture1.png) ### Using the knowledge gained from previous lessons, do a better Technical Analysis combining TD Sequential Indicator and make a real purchase of a coin at a point in which TD 9 or 8 count occurs. Then sell it before the next resistance line --- ![7.png](https://cdn.steemitimages.com/DQmaibBdiku6Z8h8cRFAzecjCoWzRzFNZW928YrbFucV1eN/7.png) _{Figure 7 MATIC/USDT Chart [from Tradingview](https://www.tradingview.com/chart/)} I did technical analysis via the Tradingview platform on the MATIC/USDT trading chart using the TD Sequential Indicator. The MATIC/USDT market is showing a bearish phase. The bearish candlestick has a value of 1-9 below it and is red. Here I place a buy order at the TD point which has a value of 9. I set the Take Profit slightly above the Support line at $2.02397698 and set the Stop Loss slightly below the Resistance line at $1.85400533. Based on learning about the TD Sequential Indicator, the TD Buy Setup is carried out when the market is in this situation where the market is in a downtrend and buy orders can be placed on a bearish candlestick that has a value of 8 or 9 to maximize profit because after a bearish candlestick that has a value of 9 the market will undergo a reversal or correction. Here I used the Bittrex exchange with the Market order feature in the process of buying MATIC/USDT and the details of the transaction are as follows: ![8.png](https://cdn.steemitimages.com/DQmaVTvGrx5MZUmck1giM1gG9UhrrQq4qVXHjgFBMMyBo79/8.png) ![9.png](https://cdn.steemitimages.com/DQmPtfQKZui72aKvFAgJcv7FBYRotyrhvWN6FtNDzki6CNa/9.png) _{Figure 8 Details of Buy Order [from Bittrex](https://global.bittrex.com/)} Next I placed another sell order for MATIC/USDT according to the Take Profit level below the Resistance line that I set earlier at $2.02397000. I use the Bittrex exchange with the Limit order feature in the process of buying MATIC/USDT and so far the sell order has not been executed. I apologize to the professor for not being perfect in answering this question. However, I can provide evidence that I have placed the sell order and the details of the transaction are as follows: ![10.png](https://cdn.steemitimages.com/DQmTGku1gUMHgRkQeTBeyYuAXikw83F6GzQ7Us3fJ61PLgP/10.png) ![11.png](https://cdn.steemitimages.com/DQmYwbfg6Mowj2zxJTYSPsTNABjoWQwBnksDCp1KweNvtXr/11.png) _{Figure 9 Details of Sell Order [from Bittrex](https://global.bittrex.com/)} ![Picture1.png](https://cdn.steemitimages.com/DQmWJeJuj4zLHaQMik8UVJEUDX4DdJrXZyYovR6msQTY895/Picture1.png) ### Conclusion --- TD Sequential is a very useful indicator for traders to use in technical analysis and executing trading strategies. This indicator can be relied on to identify market cycles that indicate a reversal or correction of price movements. Traders can determine changes in the price of crypto assets that occur in the long term or temporary based on the value of a bullish or bearish candlestick. TD Buy Setup and TD Sell Setup can be used as a reference for traders to enter or exit the market at the right time to gain profits and minimize losses from trading in the cryptocurrency world.