Technical analysis by andre_007 about Symbol BTC: Sell recommendation (9/26/2024)

I don't know if the price will go up or down. But I think buying now in areas of multiple resistances is a bit risky. Any divergence in either the MFI or the RSI indicating buying exhaustion, I believe it is a good time to sell. As happened on July 28th.Stables coins dominance signaling a bear trap.MicroStrategy in resistance zone. Many consider this stock a proxy for Bitcoin. The correlation on the weekly chart is at a point where it tends to increase (periods from July to September). In addition, the price is at the top of a long rising channel, threatening to break above and then turn back down in a symmetrical triangle on the daily chart.USDT, USDC and DAI dominance index (together). We have a possible false breakout of the bearish trendline in dollar dominance. If this falsehood comes true, USD dominance falls, and so Bitcoin rises. On the other hand, if there is indeed a breakout above and dominance rises, BTC falls further.Wait for the next entry.Next target: 59kThe price needs to respect wave 1 to continue rising.Bullish divergenceVIX: people are scared...Partial target hit, operation cancelled.Will the party end early or will we still have an extension if the same bullish leg of wave 3 repeats?Bear divergence on Money Flow Index, also with rejected resistance in RSI. Targets: $ 62,875 $ 61,074 $ 57,229 $ 53,376 $ 48,725 Bear divergence on Money Flow Index, also with rejected resistance in RSI. Can be only a pullback to continue rising? I don't know.Pullback scenario:⏳ Waiting...The scenario in this chart is out of date.