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Crypto · candlestick pattern

Hanging man on Bitcoin Cash

On Bitcoin Cash the hanging man showed up 189 times. The target came first 36% of the time, the stop 56%, and 8% 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
Daily540%60%0%
4-hour3644%44%11%
Hourly14834%59%7%

Bitcoin Cash against the rest

ChartsFoundTarget firstStop firstWent nowhere
Bitcoin Cash18936%56%8%
All Crypto charts5,40236%57%6%
Every market8,31136%58%6%

Year by year

YearFoundTarget firstStop first
20213639%56%
20222421%71%
20233531%57%
20243345%48%
20253339%48%
20262836%61%

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 hanging man is

After a rise, a long lower wick warns that sellers are testing.

Imagine climbing to the top of a hill, slipping far down, then scrambling back up. You made it, but the slip warns that the ground up there is shaky. A hanging man is that slip, showing up after price has been rising.

The full hanging man 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 hanging man elsewhere

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

Questions

How often does the hanging man work on Bitcoin Cash?

In 189 cases on Bitcoin Cash, the target (1.5 × ATR) came before the stop (1 × ATR) 36% of the time and the stop came first 56%; 8% went nowhere within 12 candles.

What is the hanging man?

After a rise, a long lower wick warns that sellers are testing.