GEO / BTC - Is the correction finally over?

in #bitcoin6 years ago

Good morning,

I see 2 possibilities for the GEO / BTC pair on Bittrex right now.
Either we are in an ABCDE falling wedge which being bullish gives me confidence that it is ok to HOLD.

Or we are currently at then end of a running Zig-Zag (5-3-5) correction, which I think is most probable.
Here it is a running Zig-Zag because the low of C does not go beyond the bottom of A.

The volume has also decreased, indicating that sellers have exhausted their stocks of GEO's leaving the market to new buyers.

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