Steem Market Foundation 3rd and Final Test

Steem fell out of its ascending triangle pattern, and is now testing it's bottom line once again.

I've read and heard it said that a market will often give you up to three chances to buy the bottom, but almost never a fourth, and certainly never a fifth chance.

Steem is now touching what appears to be the bottom for the third time, and (statistically) there will not be a fourth chance to buy the bottom if a reversal is coming. Does that mean the price won't go lower than $1.10 USD? No, and in fact if the price does close below $1.10 on the Steem/USD daily chart it could mean Steem dropping plummeting to as low as $0.80 USD.

_{As always, this is not financial advice. I am just one guy sharing my opinion (for what it's worth). Trade and/or invest at your own risk, and always assume that the worst outcome is the most likely outcome for the majority of investors.}

Thanks for reading. Shares and comments are always welcome.