$BTC VIP AnalysisJanuary 15, 2023
BIAS:
Mid-Term: Bullish
Short-Term: Bullish
BTC has reached a local high of $21,500 on our la move, which has ended up being a level much higher than initially expected, from where the bulls do need a huge amount of strength and volume in order to see a straight up continuation.
The other possibility for price action is currently seeing a short/mid term correction and cool-down, which would be enough to grab short term liquidity for another upside move with strength and volume.
Up Probability: 52% - Down: 48%
MAIN INTEREST LEVELS
SHORT
$23,642
LONG
$18,938
PREDICTED DAILY RANGE
$19,281- $22,441
VIP ACTION PLANMost profits have been taken for our strongest VIP positions, and we’re currently expecting to see that short/mid term correction move to the downside for BTC< ETH and alts. We’r catching this move from the beginning, at least until we start seeing mid term bullish momentum again.
As always, stay safe brothers!
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Yours truly,