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Crypto · candlestick pattern
Piercing line on Bitcoin Cash
On Bitcoin Cash the piercing line showed up 152 times. The target came first 31% of the time, the stop 57%, and 12% 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
| Timeframe | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| Daily | 5 | 20% | 80% | 0% |
| 4-hour | 29 | 28% | 59% | 14% |
| Hourly | 118 | 32% | 56% | 12% |
Bitcoin Cash against the rest
| Charts | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| Bitcoin Cash | 152 | 31% | 57% | 12% |
| All Crypto charts | 4,565 | 33% | 54% | 12% |
| Every market | 6,128 | 34% | 55% | 11% |
Year by year
| Year | Found | Target first | Stop first |
|---|---|---|---|
| 2021 | 33 | 36% | 55% |
| 2022 | 29 | 24% | 62% |
| 2023 | 19 | 26% | 63% |
| 2024 | 25 | 24% | 64% |
| 2025 | 33 | 39% | 48% |
| 2026 | 13 | 31% | 54% |
The last 8 times
- 9 Oct 2026, 00:00 UTC · 4-hour · went nowhere
- 9 Sep 2026, 23:00 UTC · hourly · stop first after 8 candles
- 14 Aug 2026, 15:00 UTC · hourly · target first after 2 candles
- 16 Jul 2026, 04:00 UTC · hourly · target first after 1 candle
- 15 Jul 2026, 20:00 UTC · hourly · stop first after 3 candles
- 15 Jul 2026, 03:00 UTC · hourly · target first after 2 candles
- 2 Jun 2026, 10:00 UTC · hourly · stop first after 4 candles
- 1 Jun 2026, 12:00 UTC · 4-hour · stop first after 6 candles
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 piercing line is
After a big red candle, green closes above its middle.
Imagine sliding down a slide, then climbing back up more than halfway before you stop. A piercing line is like that: after a big red candle, the next green candle climbs back past the middle of the red one. Buyers took back more than half of the drop.
The full piercing line 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 piercing line elsewhere
Ethereum · Bitcoin · Solana · Litecoin · NEAR Protocol · Chainlink · Uniswap · BNB · Cardano · Polkadot · S&P 500 · GBP/USD · EUR/JPY
Questions
How often does the piercing line work on Bitcoin Cash?
In 152 cases on Bitcoin Cash, the target (1.5 × ATR) came before the stop (1 × ATR) 31% of the time and the stop came first 57%; 12% went nowhere within 12 candles.
What is the piercing line?
After a big red candle, green closes above its middle.