Does the Bearish Engulfing work on Zcash?

On Zcash's daily chart, after a bearish engulfing Zcash fell within 7 days 52% of the time across 118 past cases. On an ordinary day it did so 49% of the time.

No edge: a coin flipIndistinguishable from an ordinary day on this coin. Most patterns land here.
On ZcashNo edge
52% of 118 casesbaseline 49%
All coinsNo edge
55% of 15,763 casesbaseline 54%
Median move after the pattern +0.86% vs -0.15% from any bar; after a 0.2% round trip of fees +0.66%.

Daily chart

WithinZcashOrdinary barCasesAll coinsVerdict
24 hours52% (44%–60%)49%14550% vs 51%No edge
30 days53% (40%–65%)50%5557% vs 58%No edge
7 days52% (43%–61%)49%11855% vs 54%No edge

4-hour chart

WithinZcashOrdinary barCasesAll coinsVerdict
24 hours44% (41%–48%)49%64248% vs 50%Leans opposite
7 days47% (41%–53%)48%24851% vs 51%No edge

1-hour chart

WithinZcashOrdinary barCasesAll coinsVerdict
24 hours49% (45%–52%)49%75449% vs 50%No edge
4 hours47% (45%–50%)49%140747% 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 Zcash 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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