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Crypto · candlestick pattern

Doji on Bitcoin

On Bitcoin the doji showed up 1,856 times. Within 12 candles price broke up 46% of the time, broke down 50% and stayed inside 4%.

Counted on Bitcoin (BTC/USDT): daily candles from January 2021, 4-hour candles from January 2021 and hourly candles from January 2021.

By timeframe

TimeframeFoundBroke upBroke downStayed inside
Daily4745%49%6%
4-hour39347%46%7%
Hourly1,41645%51%4%

Bitcoin against the rest

ChartsFoundBroke upBroke downStayed inside
Bitcoin1,85646%50%4%
All Crypto charts49,27548%49%3%
Every market69,19749%49%3%

Year by year

YearFoundBroke upBroke down
202136947%51%
202233641%55%
202334948%44%
202429545%51%
202529547%48%
202621244%52%

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 doji is

Open and close are almost equal. Buyers and sellers are in a tie.

Picture a tug of war where both teams pull hard, but when the whistle blows the flag is right back in the middle. A doji candle is that tie: price moved up and down, but it closed almost exactly where it opened. Nobody won this round.

The full doji lesson, video and quiz ›

Other patterns on Bitcoin

Inside bar · Stochastic bearish cross · Spinning top · Stochastic bullish cross · Volume profile bounce · Volume profile rejection · MACD bearish cross · MACD bullish cross · EMA 9/21 bearish cross · EMA 9/21 bullish cross · all of them

The doji elsewhere

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

Questions

How often does the doji work on Bitcoin?

In 1,856 cases on Bitcoin, price broke up 46% of the time, broke down 50% and stayed inside 4% within 12 candles.

What is the doji?

Open and close are almost equal. Buyers and sellers are in a tie.