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Crypto Insiders Community
Consistency is key.
Just make sure you’re consistent at the right things 😅
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#BTC still looks weak, and the bearish correction idea is still active.
BTC is currently around $59,568, and price is still trading below the key recovery levels. As long as BTC cannot reclaim strength, the chart can still continue toward the major support zone around $49,000 to $47,000.
This support zone is very important. If BTC reaches that area, we may see a strong reaction or bounce attempt from there.
But if that zone fails, the correction can get deeper toward $43,000 to $39,000.
For now, the invalidation for this bearish idea is around $82,721. If BTC reclaims that level with strength, then this downside setup becomes weak.
Until then, small bounces can happen, but the bigger picture still looks bearish.
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Message from Heisenberg has been removed because it is not allowed to post links in this group for first 24 hours (???)
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❕Bearish Pennant was formed on BTC/USDT [1H Chart]
Possible Target: $56178
Could someone please mentor me how to use poc effectively for trading? I know most of theories about poc. Use fixed range volume profile in TV. Still couldn't catch a way to get a clue of the price action
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