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Crypto · candlestick pattern
Dragonfly doji on Bitcoin
On Bitcoin the dragonfly doji showed up 39 times. The target came first 13% of the time, the stop 72%, and 15% went nowhere within 12 candles.
Counted on Bitcoin (BTC/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 | 1 | 100% | 0% | 0% |
| 4-hour | 7 | 14% | 57% | 29% |
| Hourly | 31 | 10% | 77% | 13% |
Bitcoin against the rest
| Charts | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| Bitcoin | 39 | 13% | 72% | 15% |
| All Crypto charts | 1,036 | 28% | 61% | 11% |
| Every market | 1,304 | 30% | 60% | 10% |
Year by year
| Year | Found | Target first | Stop first |
|---|---|---|---|
| 2021 | 6 | 0% | 83% |
| 2022 | 6 | 33% | 67% |
| 2023 | 9 | 0% | 78% |
| 2024 | 8 | 12% | 88% |
| 2025 | 6 | 17% | 50% |
| 2026 | 4 | 25% | 50% |
The last 8 times
- 23 Jun 2026, 15:00 UTC · hourly · went nowhere
- 4 Jun 2026, 00:00 UTC · 4-hour · stop first after 2 candles
- 30 Mar 2026, 23:00 UTC · hourly · target first after 2 candles
- 21 Jan 2026, 16:00 UTC · 4-hour · stop first after 5 candles
- 15 Dec 2025, 22:00 UTC · hourly · stop first after 5 candles
- 19 Nov 2025, 04:00 UTC · 4-hour · stop first after 2 candles
- 18 Nov 2025, 03:00 UTC · hourly · stop first after 1 candle
- 30 Aug 2025, 00:00 UTC · 4-hour · went nowhere
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 dragonfly doji is
Sellers pushed price far down, buyers pushed it all the way back.
Throw a yo-yo down and it zooms all the way back up to your hand. A dragonfly doji is like that: price dropped far during the candle, then buyers pulled it all the way back up to where it opened. It looks like a letter T, or a dragonfly with its wings at the top.
The full dragonfly doji lesson, video and quiz ›
Other patterns on Bitcoin
Inside bar · Stochastic bearish cross · Spinning top · Stochastic bullish cross · Volume profile bounce · Doji · Volume profile rejection · MACD bearish cross · MACD bullish cross · EMA 9/21 bearish cross · all of them
The dragonfly doji elsewhere
Ethereum · Solana · Litecoin · NEAR Protocol · Chainlink · Uniswap · BNB · Cardano · Polkadot · Aave
Questions
How often does the dragonfly doji work on Bitcoin?
In 39 cases on Bitcoin, the target (1.5 × ATR) came before the stop (1 × ATR) 13% of the time and the stop came first 72%; 15% went nowhere within 12 candles.
What is the dragonfly doji?
Sellers pushed price far down, buyers pushed it all the way back.