Honest question:
is the head and shoulders considered valid, given that this chart also includes the unusual events of Hack, SF-fail, HF and ETC?
Personally, I tend to look more closely, after recent events, on a smaller scale. However, ETH/Fiat is so illiquid that I don't think it's really worth looking at those charts. But hey, that's just my opionion of course :)
Head and shoulder patterns are always valid - you just want to assess the probabilities of them playing out by considering other patterns and indicators. I keep a very open mind to these patterns actually PREDICTING all the events you listed above (hack, sf fail, etc) - trading stocks is all about information, and it seems logical to me that the buying and selling patterns on a chart would indicate investors who know more than we do making their moves. But when it comes to head and shoulders patterns I don't give them a ton of weight unless other factors confirm them because all traders know about them and all see them--but to ignore them is a very dangerous game. Hope that helps.
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