BTC - Wen retracement? It should be NOWBTC has a bullish move for 5 days straight since 06 Jan 2023 after it broke and hunted buyside liquidity at $17000 level.
$4600 increased which is 29.28%
What if BTC keeps raising and hunts $22850?
Wait!!!
Yes, keep waiting.
Be patient is how we play the game.
What should we expect?
A down move.
Yes, a retracement.
On 1H Chart, I expect BTC will respect the previous long term high $21544, but it will hunt the liquidity above 21240 then start to hunt buyside liquidity.
The short term target for retracement will be $19200,
then $18400
and then finally $17500.
