STEEM update 28.08.2019
Today I want to focus on time-based cycle analysis.
If you look at the price chart and define the first cycle from alltime-low (ATL) to alltime-high (ATH), you will get the following picture:
We have now completed the 3rd cycle for STEEM. Coincidence? I think not.
Now, the next cycle is about to begin. (4th cycle)
The next two cycles could easily bring the price back up again.
Or, if the pattern repeats, we could see 1 big up cycle followed by two down cycles...
I will follow up this time-based cycle analysis in midcycle 4 (20.01.2020).
If you think this to be useful information:
Feel free to use and share my charts, but please mention me, @ew-and-patterns as the author. Otherwise it is considered plagiarism and I will flag you and advise my friends to do the same.
Please consider leaving a comment, like or resteem, if this post entertained you or helped you see things differently...
Have a nice day :-)
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Interesting theory! Thanks :)
I always take those theories with a grain of salt, but I hope you're right. There's the HF21 now which can crash or moon the price. No one knows~
Interesting, looking forward what will happen...
How long does one cycle last?
10th of March till 3rd of January was the first cycle.
Roughly 10 months is one cycle.
Sehr interessant und ich sehe das ähnlich. Alles kommt in Zyklen.