BTCUSD Potential for Bullish Rise | 1st December 2022

Looking at the H4 chart, my overall bias for BTCUSD is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Looking for an immediate buy entry at 17246.66, slightly above where the 23.6% Fibonacci line is. Stop loss will be placed at 16004.00, where the previous swing low is. Take profit will be at 18595.60, where the 50% Fibonacci line is.