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RihardsC
Jan 5, 2018 4:24 PM

Bitcoin 1k pullback, then breakout Long

Bitcoin / TetherBittrex

Description

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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