Technical analysis by bacurrie45 about Symbol BTC: Sell recommendation (9/7/2024)

Hello traders as we can see on the chart many times bitcoin was trading at the extremes of the linear regression channel in this case 3x the standard deviation. That strong resistance line showing bitcoin being rejected every time. The bottom of the channel shows $46500. If BTC falls out of this bottom channel that is again 3x the standard deviation from the mean so will be looking for where it finds support below this then looking for that reversion back to the mean. The fib channel shows confluence with my idea that we may be coming back to test that golden pocket at 49K