$BTC Nothing much happening on the charts for now.
Ideally, we wanna see a reclaim of the Wave B / Kijun-Sen region for continuation towards the upside.
If we're unable to do so, then a sweep of the current lows is likely next, with the 76k region coming into play.
The structure is messy on the LTF at the moment, so the best approach here is to play level to level.
There's also a falling wedge being formed, and a bullish breakout would confirm the bottom.
The reason being that we have a lot of liquidity sitting in the middle of the range around 84.3k-85.5k, which could fuel the pump higher into the HTF liquidity pocket at 87k-89k.
If we stay below Wave B and keep rejecting there, then I'm looking for one final sweep below the current lows sometime between 20-24th Oct to mark the bottom before trending back towards the upside.
Ideally, we wanna see a reclaim of the Wave B / Kijun-Sen region for continuation towards the upside.
If we're unable to do so, then a sweep of the current lows is likely next, with the 76k region coming into play.
The structure is messy on the LTF at the moment, so the best approach here is to play level to level.
There's also a falling wedge being formed, and a bullish breakout would confirm the bottom.
The reason being that we have a lot of liquidity sitting in the middle of the range around 84.3k-85.5k, which could fuel the pump higher into the HTF liquidity pocket at 87k-89k.
If we stay below Wave B and keep rejecting there, then I'm looking for one final sweep below the current lows sometime between 20-24th Oct to mark the bottom before trending back towards the upside.