Overbought eventually equals oversold. The most important aspect of trading is risk management which involves analyzing all possible outcomes.
However unlikely this scenario seems, it is possible. A lot of profit has been made over the last three months and as people rush to lock in those profits by selling that could potentially push prices lower than most of us can imagine.
A potential head and shoulders formation would look something like this if it were to eventuate giving us a final C-wave correction down to $2000.
However unlikely this scenario seems, it is possible. A lot of profit has been made over the last three months and as people rush to lock in those profits by selling that could potentially push prices lower than most of us can imagine.
A potential head and shoulders formation would look something like this if it were to eventuate giving us a final C-wave correction down to $2000.
