One of the best ways to filter out the noise during a sideways market is by looking at Volume Profile. 📊
When $BTC is chopping in a tight range like we are seeing today around 77.8k, traditional support and resistance lines can get messy with fakeouts and wicks.
Instead, look for the Point of Control (POC)—the price level where the most volume has been traded over a specific period. It acts like a magnet. Price will often gravitate back to the POC until a true catalyst forces a breakout and establishes a new value area.
Have you incorporated volume profile into your trading strategy, or do you stick to standard candlestick patterns? 🕯️
When $BTC is chopping in a tight range like we are seeing today around 77.8k, traditional support and resistance lines can get messy with fakeouts and wicks.
Instead, look for the Point of Control (POC)—the price level where the most volume has been traded over a specific period. It acts like a magnet. Price will often gravitate back to the POC until a true catalyst forces a breakout and establishes a new value area.
Have you incorporated volume profile into your trading strategy, or do you stick to standard candlestick patterns? 🕯️