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Crypto · candlestick pattern

Spinning top on Optimism

On Optimism the spinning top showed up 1,839 times. Within 12 candles price broke up 49% of the time, broke down 49% and stayed inside 3%.

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

By timeframe

TimeframeFoundBroke upBroke downStayed inside
Daily3855%42%3%
4-hour37248%49%2%
Hourly1,42949%48%3%

Optimism against the rest

ChartsFoundBroke upBroke downStayed inside
Optimism1,83949%49%3%
All Crypto charts63,08148%49%3%
Every market88,07749%49%3%

Year by year

YearFoundBroke upBroke down
202224943%56%
202340653%44%
202438546%51%
202546349%49%
202633651%46%

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 Optimism

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

The spinning top elsewhere

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

Questions

How often does the spinning top work on Optimism?

In 1,839 cases on Optimism, price broke up 49% of the time, broke down 49% and stayed inside 3% within 12 candles.

What is the spinning top?

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