RihardsC

Bitcoin 1k pullback, then breakout

Long
RihardsC Updated   
BITTREX:BTCUSDT   Bitcoin / Tether
Right now Bitcoin is a bit overbought, I think we'll see a pullback to 15000+ level before reaching the first target.
I project this as possible triangle breakout, seeing the chart you will get my idea of why I think like that.
Ultimate goal - 23300.
Comment:
Being aware of both scenarios because of China mining regulations, that can cause deeper correction to that 8k level, if so, we're not going lower than that anymore.

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