RE: Bitcoin Trend / 12 - 02 - 2018 / Inverse Head & Shoulders on 5H

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RE: Bitcoin Trend / 12 - 02 - 2018 / Inverse Head & Shoulders on 5H

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bubke (60)in #bitcoin • 6 years ago

Thanks @lordoftruth, i would love to give you the following results i got from research i did 25 years ago on stock-market historics. Average success of a normal head- and shoulders formation is 85% but only 65% for a reversed bottom formation.

6 years ago in #bitcoin by bubke (60)

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freiheit50 (70) 6 years ago

Maybe, but this is bitcoin :-)
The long term perspective is bullish, because cryptos in general are in times of mass adoption. And bitcoin is the boss.

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lordoftruth (71) 6 years ago

Bitcoin is The Grandfather

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bubke (60) 6 years ago

:-) Long term bullish, yes. Bitcoin is the boss, yes. Nobody will go against that. I don't have enough statistical data yet to do same research on crypto but results with available data show very similar results as stock market and as such, i don't give too much importance on the inverted head- and shoulders, just saying :-)

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