This is not investment advice. I am only attempting to entertain. It is meant to be a joke but I'm not funny.
I am going to teach you all how to analyze price charts. Who am I to teach you? I am eligible to be a Forbes 30-Under-30 finance luminary. My qualifications include: being 26. They should be giving me that distinction any day now....any day now...
Above is the Steem price chart for the past week. Does it hold the secrets to the future??? Well if it does, I don't know to see it. How crazy would that be if you could predict the future like that? If I could, I wouldn't waste my time making a Steem post worth $0.10, I'll tell you that much. I know what you are thinking and, no, that is not selfish; that's ROI positive thinking! Fortunately, if you can't predict prices you can still have fun with it. Here are some key terms.
A. Trough of Sadness
This is a technical term to describe such a dip. At least it is now that I just made it up. It is a trough because it is long and narrow. When prices dip like that, people tend to get sad. When you see that on the chart, know with confidence that someone's dreams of owning a Lambo crumbled as they spiraled into hopelessness and despair.
B. Jagged Crown Formation
If you squint a little, this set of squiggles looks like a jagged crown. This is a very important formation in chat analysis. What if the crown were made of jagged iron? That would be awesome. The main takeaway is that a crown like this would be really cool.
C. Lagomorphic Movement
It looks like a little bunny popping up to say hello! Hi bunny!
Did I miss any important chart features? Let me know in the comments. LIKE IT SO I GET MONEY.
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