BagsInSight

BagsInSight

The total market cap has tapped 1.7 Trillion 3 times recently. This 3rd tap is as BTC is trying to hold $47,000. If the market fails to push through this 1.7 Trillion level I see it as Bearish, indicating a potential correction in price. Anyway id love to hear some thoughts on this, feel free to leave a comment.

BagsInSight

Looking at the total 3 it has risen above the 500 billion marketcap briefly and looks like it could be finding resistance at this level. In my opinion this is a great place to take profits and a possible short opportunity. As i write this BTC has just hit a High 0f 47,000 and is showing signs of losing strength. Similarly ETH has risen to a new high above 2300 and...

BagsInSight

Head and shoulders formation sending bitcoin to down 48k and possibly further.

BagsInSight

BTC gave us a fakeout above 60k and has since failed to find support at the 54-56k range sending us down to the 48-51k levels. It looks to me that this pattern of a rounding top may fractalize and continue a 3rd time sending us to 44-46k before any type of bullish correction in price. THIS IS NO FINANCIAL ADVICE IT IS STRICTLY MY OWN PERSONAL TECHNICAL...