Does the Bearish Engulfing work on Bitcoin Cash?

On Bitcoin Cash's daily chart, after a bearish engulfing Bitcoin Cash fell within 7 days 44% of the time across 119 past cases. On an ordinary day it did so 51% of the time.

No edge: a coin flipIndistinguishable from an ordinary day on this coin. Most patterns land here.
On Bitcoin CashNo edge
44% of 119 casesbaseline 51%
All coinsNo edge
55% of 15,763 casesbaseline 54%
Median move after the pattern -1.34% vs +0.27% from any bar; after a 0.2% round trip of fees -1.54%.

Daily chart

WithinBitcoin CashOrdinary barCasesAll coinsVerdict
24 hours40% (33%–48%)50%16450% vs 51%Leans opposite
30 days42% (31%–55%)49%5957% vs 58%No edge
7 days44% (35%–53%)51%11955% vs 54%No edge

4-hour chart

WithinBitcoin CashOrdinary barCasesAll coinsVerdict
24 hours48% (45%–52%)50%68248% vs 50%No edge
7 days49% (43%–55%)51%25551% vs 51%No edge

1-hour chart

WithinBitcoin CashOrdinary barCasesAll coinsVerdict
24 hours47% (44%–51%)51%84749% vs 50%No edge
4 hours49% (46%–51%)50%179647% vs 49%No edge

How this is measured: each occurrence is counted from the bar where the pattern became knowable, overlapping cases are dropped, and the result is compared with how often Bitcoin Cash moved the same way from any random bar over the same window. A pattern only earns "beat the baseline" when the difference is larger than luck explains across all the tests we run. Full method.

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