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Crypto · chart pattern

Descending triangle on Bitcoin Cash

On Bitcoin Cash the descending triangle showed up 20 times. The target came first 35% of the time, the stop 65%, and 0% 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
4-hour633%67%0%
Hourly1436%64%0%

Bitcoin Cash against the rest

ChartsFoundTarget firstStop firstWent nowhere
Bitcoin Cash2035%65%0%
All Crypto charts42240%56%5%
Every market58539%56%5%

Year by year

YearFoundTarget firstStop first
2022475%25%
2023425%75%
2024450%50%
2026617%83%

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 descending triangle is

A flat floor and falling ceiling squeeze together, then price breaks down.

Imagine pressing a heavy lid down on a box a little harder each time, until the bottom of the box gives way. A descending triangle is like that: the ceiling keeps coming down while the floor stays flat. When price finally breaks through the floor, the pattern is complete.

The full descending triangle 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 descending triangle elsewhere

Polkadot · Aave · Filecoin

Questions

How often does the descending triangle work on Bitcoin Cash?

In 20 cases on Bitcoin Cash, the target (1.5 × ATR) came before the stop (1 × ATR) 35% of the time and the stop came first 65%; 0% went nowhere within 12 candles.

What is the descending triangle?

A flat floor and falling ceiling squeeze together, then price breaks down.