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Crypto · candlestick pattern

Spinning top on Bitcoin

On Bitcoin the spinning top showed up 2,492 times. Within 12 candles price broke up 48% of the time, broke down 48% 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
Daily6362%33%5%
4-hour53050%45%5%
Hourly1,89947%49%4%

Bitcoin against the rest

ChartsFoundBroke upBroke downStayed inside
Bitcoin2,49248%48%4%
All Crypto charts63,08148%49%3%
Every market88,07749%49%3%

Year by year

YearFoundBroke upBroke down
202146748%50%
202247345%49%
202344549%46%
202441449%45%
202538446%51%
202630950%45%

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 spinning top is

Small body, wicks on both sides. Nobody is in charge.

A spinning top toy whirls fast but stays in one spot. This candle is the same: price ran up and down a lot, but it ended close to where it began. Buyers and sellers were both busy, and neither took charge.

The full spinning top lesson, video and quiz ›

Other patterns on Bitcoin

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

The spinning top 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 spinning top work on Bitcoin?

In 2,492 cases on Bitcoin, price broke up 48% of the time, broke down 48% and stayed inside 4% within 12 candles.

What is the spinning top?

Small body, wicks on both sides. Nobody is in charge.