GEO coin is putting in the final touches of a bottom. As usual, in these situations, I very welcome the sudden air pocket type of spike downs that wash out all the weak hands. That's why I have a few buy rungs at reidiculous low levels as an attempt to fish for those low level bites!
The below chart is quite well labeled and was contributed by T. Chittenden, a talented Elliottician! The micro degree wves and subwaves show an impending bottom.
This chart shows the Elliott Wave projection at a higher degree of trend. Wave 5 targets $51.36 or higher!
Here is the GEO/BTC and the pattern is quite similar which is bullish! Elliott Waves place the target at around 0.00370 BTC!!
Legal Disclaimer: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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