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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