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Crypto · candlestick pattern

Hammer on Bitcoin Cash

On Bitcoin Cash the hammer showed up 351 times. The target came first 27% of the time, the stop 56%, and 17% 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
Daily933%56%11%
4-hour5829%57%14%
Hourly28426%56%18%

Bitcoin Cash against the rest

ChartsFoundTarget firstStop firstWent nowhere
Bitcoin Cash35127%56%17%
All Crypto charts9,05029%59%12%
Every market11,79231%58%10%

Year by year

YearFoundTarget firstStop first
20215824%62%
20227621%58%
20234542%40%
20249026%60%
20254330%51%
20263926%59%

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 hammer is

After a fall, a long lower wick shows buyers stepped in.

Drop a ball on the floor and it bounces back up. A hammer candle is like that: price fell a lot during the candle, then buyers bounced it back up near where it started. The long tail below shows how far it dropped before the bounce.

The full hammer 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 hammer elsewhere

Ethereum · Bitcoin · Solana · Litecoin · NEAR Protocol · Chainlink · Uniswap · BNB · Cardano · Polkadot · Nifty 50 · Dow Jones · S&P 500 · Nikkei 225 · Sony · GBP/USD · EUR/JPY

Questions

How often does the hammer work on Bitcoin Cash?

In 351 cases on Bitcoin Cash, the target (1.5 × ATR) came before the stop (1 × ATR) 27% of the time and the stop came first 56%; 17% went nowhere within 12 candles.

What is the hammer?

After a fall, a long lower wick shows buyers stepped in.