Interesting idea about STEEM's waves
Hi fellow steemians
Today I wanted to discuss about STEEM's technical analysis with you. Today's focus is not on trendlines or patterns but steem's waviness. So I've noticed that steem has actually incredibly logical waves.
So far, it has had 4 major waves:
First we are going to give a look to the 1st, 2nd and the 4th wave. I'm doing my charting in Tradingview so if you want to do the process with me then you can look up Cyclic lines tool in Tradingview.
Here I've connected the 1st and the 2nd wave with the Cyclic lines tool. You can instantly see that we match
with the 4th wave also. So that gives us a signal that those waves took place after exact time period, every time!
Also, the previous times we had a slow curve with the waves before the next hype, they looks very similar to the present one.
So by this theory, we should see the next peak at the end of March.
Now what is that 3rd wave and why didn't I talk about it? Well I think that it m-m-might be just a hype wave. Because the whole crypto market mooned there, steem just went with the flow.