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RE: Candlestick Patterns: How efficient is the "Bearish Hanging Man" Candlestick on BTC trading?

in HODL5 years ago

Thank you for this in depth explanation! Is the percentage of success indicator essentially a count of how many trades resulted in profit? if so what indicates the sale price?, or is it a count of how many hanging man signals correctly predicted an uptrend? if so what indicator do you use to verify the uptrend?

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This is only an assessment on how many of those indications had potential to be on profits.
So far, from those I have checked, the most successful candlestick pattern is the Bullish or Bearish engulfing (see the link to the particular assessment below in the post)