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Crypto · candlestick pattern

Tweezer top on Bitcoin

On Bitcoin the tweezer top showed up 287 times. The target came first 30% of the time, the stop 57%, and 13% 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
Daily944%56%0%
4-hour5927%63%10%
Hourly21931%56%14%

Bitcoin against the rest

ChartsFoundTarget firstStop firstWent nowhere
Bitcoin28730%57%13%
All Crypto charts7,85434%57%9%
Every market10,99134%58%8%

Year by year

YearFoundTarget firstStop first
20214630%61%
20224236%55%
20235428%57%
20245535%58%
20255829%55%
20263222%56%

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 tweezer top is

Two candles hit the same high. That ceiling held twice.

Imagine jumping twice and bumping your head on the same spot of the ceiling both times. A tweezer top is two candles whose highest points land at almost exactly the same price. Buyers hit a ceiling twice, and it held both times.

The full tweezer top 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 tweezer top elsewhere

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

Questions

How often does the tweezer top work on Bitcoin?

In 287 cases on Bitcoin, the target (1.5 × ATR) came before the stop (1 × ATR) 30% of the time and the stop came first 57%; 13% went nowhere within 12 candles.

What is the tweezer top?

Two candles hit the same high. That ceiling held twice.