The market cycle that you show is just a typical market cycle for a volatile instrument like this.
It doesn't give any sense for just how long those phases would be. It's interesting that in the longer term, the chart reverts to the mean, which looks like it would be just about where we are now. So, to make any money during these 2 phases, it would require really good timing.
or "thirds rule strategy"
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I agree, that's why its important that you take profits when the trade starts to become profitable. You don't have to wait before it hits back the mean before you capitulate.
https://steemit.com/investment/@exyle/don-t-forget-to-take-your-profits-when-trading-crypto
Buy low sell high, and now is an opportunity that we can buy back steem this low. I'm quite sure we won't be seeing steem at this price levels in the coming months.
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