As a financial analyst working with several Global 500 companies, I have come to appreciate the standard patterns of traditional investment vehicles. Though many will dismiss these observations as pure fantasy, the reality is that the markets do not take a "random walk" -- they are the culmination of investor hopes, fears, and every emotion in between.
But when the cryptocurrency assets were introduced, it threw many of the traditional assumptions of market analysis out the window. Don't get me wrong -- technical analysis is still very much valid, as has been proven by multiple technicians. However, some of the intricate patterns of the cryptocurrency markets are not visible in high-volume, blue-chip stocks.
When I dug further into this issue by incorporating a scatter plot analysis of the STEEM currency, I could not help but notice one glaring event -- the price action magnitude is charting a spiral pattern based on the "Fibonacci Effect," or the Golden Ratio.
Could it be that STEEM is the God Crypto?
The Fibonacci Effect
Think about Wall Street for a second. It's a man-made institution that opens at 9:30am EST, and closes at 4:30pm EST. If a holiday exists, the markets close. If a panicked selloff rips through the collective sentiment, the markets close. When the weekend arrives, the markets close and stay closed. No matter how you look at it, outside factors constantly impose its leverage on the trading platform. Thus, Wall Street is hardly a "free market."
Now consider the cryptocurreny markets. Like Wall Street, it is a man-made institution. However, cryptos are imbued with "self-intelligence" via the blockchain. It doesn't care about holidays, nor investor panic. If the weekend arrives, so what? It keeps trading. And by the way, it keeps trading 24 hours a day, 7 days a week, 365 days a year. No exceptions. The only outside factor involved is if someone shuts down the internet. Otherwise, the cryptos are about as free of a market as you will find.
Most religions speak of God breathing life into the human soul. Thus, we humans have the image of God firmly planted in our hearts and minds. And while individually, we each have our variances, COLLECTIVELY, these variances average out to form a cohesive pattern.
My fellow Steemians, my thesis is this: STEEM volatility is a reflection of the human soul (breathed by God), and therefore, follows patterns identifiable in the natural world. One of these identifiable patterns is the Fibonacci Effect.
A Yet Untapped Opportunity!
Consider the spiral of the Milky Way galaxy, or the undulating lines of a mollusk's shell. These patterns, which supposedly feature aesthetically pleasing ratios, are based on the Fibonacci sequence. We find many, many examples of this Golden Ratio in our lives, which reflects the signature of an almighty Creator.
If indeed the Fibonacci Effect, or some iteration of it, is driving the Steemit currency, we may be sitting on one of the most explosive investments in all of human history!
My secondary thesis is that STEEM will continue to fill the gaps of the "volatility calendar," similar to the spirals of the galaxy. If so, we have an unprecedented opportunity zone in the Steemit platform that will eventually be actualized by the people who are presently active in the community.
I cannot stress this enough. If you think that you missed the boat on bitcoin, or are just learning about cryptocurrency assets, you need to drop whatever it is that you are doing and join Steemit right now! Yes, as in RIGHT THIS FREAKIN' SECOND!
Like age, the road will only get harder for you the longer you wait. An opportunity like this rarely presents itself for too long. Once the masses jump aboard, it may be too late to develop your brand, or whatever it is that you are hoping to do this very moment.
Final Thoughts
Listen, you can think whatever you want about my Fibonacci thesis. Many will scoff at the notion, and that's totally fine. But you don't want to scoff yourself out of a lifetime, perhaps even multiple generations, of real wealth. That's a regret that you definitely want to avoid!
So whether you think I'm totally full of crap, or that I'm onto something, here's the deal...get onboard Steemit. You literally have nothing to lose, and the world to gain!
Thanks for Reading!
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I'm a financial analyst and a contributor at InvestorPlace and Crush The Street. One of my personal and professional goals is to make Steemit my primary hub for investment ideas and human interest pieces.
Together, we can create a platform that truly works for the best interest of the people!