Just thought I would post an observation about the performance of Bitcoin.
For the technical analysts among us, this is proof that Dow Theory doesn't just apply to stocks.
Charles Dow published some observations over a hundred years ago that linked human behaviour and financial markets.
The recent surge and subsequent fall in Bitcoins value clearly shows the cyclic human behaviour of markets and how rampant speculation of greed, ego and hope turns to fear and panic, returning price to previous levels of support.
For the technical analysts among us, this is proof that Dow Theory doesn't just apply to stocks.
Charles Dow published some observations over a hundred years ago that linked human behaviour and financial markets.
The recent surge and subsequent fall in Bitcoins value clearly shows the cyclic human behaviour of markets and how rampant speculation of greed, ego and hope turns to fear and panic, returning price to previous levels of support.