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Crypto · candlestick pattern

Shooting star on Bitcoin Cash

On Bitcoin Cash the shooting star showed up 285 times. The target came first 39% of the time, the stop 51%, and 10% 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
Daily967%22%11%
4-hour4835%50%15%
Hourly22838%53%9%

Bitcoin Cash against the rest

ChartsFoundTarget firstStop firstWent nowhere
Bitcoin Cash28539%51%10%
All Crypto charts7,26636%57%7%
Every market10,01336%57%7%

Year by year

YearFoundTarget firstStop first
20213741%54%
20225235%62%
20235443%44%
20245032%50%
20255342%49%
20263941%49%

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 shooting star is

After a rise, buyers pushed up and sellers slammed it back down.

A firework shoots high into the sky, sparkles, and then falls back down. A shooting star candle is like that: after a rise, price shot up during the candle, then sellers pushed it back down near where it started. The long top wick is the trail it left behind.

The full shooting star 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 shooting star elsewhere

Ethereum · Bitcoin · Solana · Litecoin · NEAR Protocol · Chainlink · Uniswap · BNB · Cardano · Polkadot · Dow Jones · Sony · GBP/USD · EUR/JPY · Silver

Questions

How often does the shooting star work on Bitcoin Cash?

In 285 cases on Bitcoin Cash, the target (1.5 × ATR) came before the stop (1 × ATR) 39% of the time and the stop came first 51%; 10% went nowhere within 12 candles.

What is the shooting star?

After a rise, buyers pushed up and sellers slammed it back down.