Hey guys! Two days ago I [predicted Steem will be quite bullish after a day of ascending triangle patters](https://steemit.com/steem/@cryptoeater/steem-bullish-after-day-of-ascending-triangle-patters), and here we are with a price around 30% higher than it was two days ago! Below is the hourly chart for the day when I psoted the article.

## Graph 1
![](https://cdn.steemitimages.com/DQmbZRnm25W96LafDeULTrFEJFem24vpsF9XfSW8Ysov317/image.png)

If you have a look at graph one taken from the article I posted a couple days ago, you'll see that there's a giant green candle right at the end! I was very tempted to sell some Steem and buy back in the morning at a lower price, but I was convinced Steem was still bullish so I didn't sell, and thank god I didn't! 

## Graph 2
![](https://cdn.steemitimages.com/DQmXPVtpNvufgKQYcSAnKJH6QWBLQ8nzXQ74PcH98ntkAmj/image.png)

Where the black circle is in Graph 2 the approximate time the first graph was taken. As you can see, the large green candle at the end of Graph 1 is nothing in the graph scheme of things, as the prices reached almost 50% higher than the peak of that green candle less than a day later. 

# What's Next?
**I would first like to emphasize, that this is NOT investment advice, nor am I a trained professional**
Historically the price of Steem typically falls after a massive rally like this for a few days, if not weeks. So from a historic point of view the price of Steem will fall, IF that was the peak, however **was that the peak is my question.**

## Graph 3

![](https://cdn.steemitimages.com/DQmPgDr8AM39YbfGCXc8Ds4T9nTJr2nHBoiH8edMJCbWhJj/image.png)
As you can see from Graph 3, after a massive spike/rally, it always falls to below the peak, and even below the price before the peak! **However, this was during the bear market.** Typical in a bull market, the price only continue to climb after a rally after the cool off period, so if we can reach the peak price again some time soon, we'll know we're back to a bull market! 

## Graph 4
![](https://cdn.steemitimages.com/DQmatTduMGw41WH3LeeaHv3SuEGYmDzuP14mrddWH8eFxzs/image.png)
Furthermore, looking at Graph 4 we can see that even in a bearish market, sometimes it rallies even harder after a peak and it peaks even higher. Perhaps we're in the red circle right now, and the black arrow is still yet to come, assuming we're still in a bearish market overall.

# My Final Decision
Personally I will not be doing any swing trading. I personally feel Steem will be worth more in a few days or a week than it is now, which is why I won't be selling more than 50% of what I have and I'll only be looking to sell to buy back at a lower price! I will not be selling into fiat to take profits any time soon because:
* A) I'm greedy
* B) I feel like the real bulls are still to come 
* C) SMTs will drive up Steem's demand, so I will not be selling until after SMTs are out

# My Final Prediction 
Honestly, this prediction is not as confident as my previous one, but I reckon the real bulls are ahead of us. Steem's price should be able to break the recent peak within days, or a week at most if we're really in a bull market. If it does not, then I'll be considering selling to do some swing trading!