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TradingShot
Oct 17, 2019 12:58 PM

XTZBTC Buy Signal. Big upside potential. Long

XTZ / BitcoinBitfinex

Description

Pattern: Triangle on 1D.

Signal: Bullish as the pattern is about to break out to the upside on a similar manner to the early 2019 formation.

Target: 0.000207 and 0.000267 in extension.
Comments
BDG
You're right, it does look very similar to the 2019 wedge. But the top of the wedge is still acting as resistance. It may need to hit the bottom of the wedge to get enough bounce to break free like it did in Mar 2019. We won't know until it actually breaks out of the wedge. Putting an alert on the top wedge line would notify us of the breakout.
without_worries
Did we hit the second target or are we still on course to test it? I'm of the opinion we're still to test it.. but it's a tough call.

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