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Crypto · indicator signal

Bollinger breakout up on Optimism

On Optimism the bollinger breakout up showed up 211 times. The target came first 41% of the time, the stop 57%, and 2% went nowhere within 12 candles.

Counted on Optimism (OP/USDT): daily candles from June 2022, 4-hour candles from June 2022 and hourly candles from June 2022.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily1100%0%0%
4-hour5042%58%0%
Hourly16041%57%2%

Optimism against the rest

ChartsFoundTarget firstStop firstWent nowhere
Optimism21141%57%2%
All Crypto charts7,91539%58%3%
Every market11,28739%58%3%

Year by year

YearFoundTarget firstStop first
20221822%72%
20234840%58%
20244745%53%
20256045%53%
20263842%58%

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 bollinger breakout up is

After a tight squeeze, price closed above the upper band.

Squeeze a spring tight and let go, and it jumps. Bollinger Bands are lines that hug the price, getting narrow when things are calm and wide when things get wild. After a tight squeeze, a close above the top band is like the spring jumping up.

The full bollinger breakout up lesson, video and quiz ›

Other patterns on Optimism

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

The bollinger breakout up elsewhere

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

Questions

How often does the bollinger breakout up work on Optimism?

In 211 cases on Optimism, the target (1.5 × ATR) came before the stop (1 × ATR) 41% of the time and the stop came first 57%; 2% went nowhere within 12 candles.

What is the bollinger breakout up?

After a tight squeeze, price closed above the upper band.