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Crypto · price-structure setup

Breakout on Bitcoin Cash

On Bitcoin Cash the breakout showed up 79 times. The target came first 39% of the time, the stop 57%, and 4% went nowhere within 12 candles.

Counted on Bitcoin Cash (BCH/USDT): daily candles from January 2021, 4-hour candles from January 2021 and hourly candles from January 2021.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily2100%0%0%
4-hour933%67%0%
Hourly6838%57%4%

Bitcoin Cash against the rest

ChartsFoundTarget firstStop firstWent nowhere
Bitcoin Cash7939%57%4%
All Crypto charts1,77940%57%4%
Every market2,25240%56%4%

Year by year

YearFoundTarget firstStop first
2021933%44%
20221450%50%
20231457%43%
20241136%55%
20251724%76%
20261436%64%

The last 8 times

Counted by the Trading Class research engine on real past candles: entry at the signal candle's close, target 1.5 × ATR(14), stop 1 × ATR(14), 12 candles to decide, a candle that touches both counts as the stop. How we count. Past data, not a forecast and not advice.

What the breakout is

Price closed above resistance on strong volume. The ceiling broke.

Imagine a crowd pushing on a stuck door until it finally bursts open. A breakout is when price pushes through a ceiling that stopped it before and closes above it. Lots of trading at that moment is like a big crowd pushing together.

The full breakout lesson, video and quiz ›

Other patterns on Bitcoin Cash

Inside bar · Stochastic bearish cross · Stochastic bullish cross · Spinning top · Volume profile bounce · Volume profile rejection · Doji · MACD bullish cross · MACD bearish cross · EMA 9/21 bearish cross · all of them

The breakout elsewhere

Ethereum · Bitcoin · Solana · Litecoin · NEAR Protocol · Chainlink · Uniswap · BNB · Cardano · Polkadot

Questions

How often does the breakout work on Bitcoin Cash?

In 79 cases on Bitcoin Cash, the target (1.5 × ATR) came before the stop (1 × ATR) 39% of the time and the stop came first 57%; 4% went nowhere within 12 candles.

What is the breakout?

Price closed above resistance on strong volume. The ceiling broke.