You are thinking too much, it's bad for trading. Once a parabolic moves start no ones knows where it will stop and when, but a parabolic moves always stop and revert back.

Now steem is going down, that's a no brainer here. Some dead cat bounces may occur along the way. Unless some new factor enters in the game (big investor, big news, buying pressure), the price will fall.

And the last parabolic move was easy to see and I predicted when it was going up that the price would go back down. I told my friends to not buy steem and they didn't listen, they bought at 4 USD, and now they are crying that they didn't listen.