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Crypto · candlestick pattern

Tweezer bottom on Polkadot

On Polkadot the tweezer bottom showed up 281 times. The target came first 26% of the time, the stop 63%, and 11% went nowhere within 12 candles.

Counted on Polkadot (DOT/USDT): daily candles from January 2021, 4-hour candles from January 2021 and hourly candles from January 2021.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily825%50%25%
4-hour4622%65%13%
Hourly22727%63%10%

Polkadot against the rest

ChartsFoundTarget firstStop firstWent nowhere
Polkadot28126%63%11%
All Crypto charts6,99133%55%12%
Every market9,70935%55%11%

Year by year

YearFoundTarget firstStop first
20214224%69%
20224726%64%
20235531%62%
20245328%57%
20255725%61%
20262719%70%

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 bottom is

Two candles hit the same low. That floor held twice.

Picture a pair of tweezers, with two tips meeting at the very same point. A tweezer bottom is two candles whose lowest points land at almost exactly the same price. Price tested the floor twice, and the floor held both times.

The full tweezer bottom lesson, video and quiz ›

Other patterns on Polkadot

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

The tweezer bottom elsewhere

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

Questions

How often does the tweezer bottom work on Polkadot?

In 281 cases on Polkadot, the target (1.5 × ATR) came before the stop (1 × ATR) 26% of the time and the stop came first 63%; 11% went nowhere within 12 candles.

What is the tweezer bottom?

Two candles hit the same low. That floor held twice.