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Crypto · candlestick pattern

Hammer on Bitcoin

On Bitcoin the hammer showed up 310 times. The target came first 27% of the time, the stop 57%, and 16% 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

TimeframeFoundTarget firstStop firstWent nowhere
Daily743%43%14%
4-hour5630%62%7%
Hourly24726%56%19%

Bitcoin against the rest

ChartsFoundTarget firstStop firstWent nowhere
Bitcoin31027%57%16%
All Crypto charts9,05029%59%12%
Every market11,79231%58%10%

Year by year

YearFoundTarget firstStop first
20215430%63%
20226131%52%
20234420%55%
20246630%55%
20254617%59%
20263928%59%

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 hammer is

After a fall, a long lower wick shows buyers stepped in.

Drop a ball on the floor and it bounces back up. A hammer candle is like that: price fell a lot during the candle, then buyers bounced it back up near where it started. The long tail below shows how far it dropped before the bounce.

The full hammer 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 hammer elsewhere

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

Questions

How often does the hammer work on Bitcoin?

In 310 cases on Bitcoin, the target (1.5 × ATR) came before the stop (1 × ATR) 27% of the time and the stop came first 57%; 16% went nowhere within 12 candles.

What is the hammer?

After a fall, a long lower wick shows buyers stepped in.