BITCOINS OMINOUS Warning Signal for Bitcoin Owners!

While many cryptocurrency investors don’t follow technical analysis, the popularity of bitcoin and other cryptocurrencies means people have brought to bear this sort of analysis on the market.

PEOPLE who do so-called “technical analysis” on the pricing charts of stocks and other financial markets have a lot of funny names for things.

There’s the “dead cat bounce,” a “reverse hockey stick,” a “diamond top” or a “spinning top candlestick pattern” and plenty of other bewildering jargon. The colourful array of terms are meant to denote something supposedly significant, and in turn signal a potential near-term future.

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