Does the Bearish Harami work on Bitcoin?

On Bitcoin's daily chart, after a bearish harami Bitcoin fell within 7 days 41% of the time across 167 past cases. On an ordinary day it did so 47% of the time.

No edge: a coin flipIndistinguishable from an ordinary day on this coin. Most patterns land here.
On BitcoinNo edge
41% of 167 casesbaseline 47%
All coinsNo edge
54% of 14,324 casesbaseline 53%
Median move after the pattern -0.77% vs -0.50% from any bar; after a 0.2% round trip of fees -0.97%.

Daily chart

WithinBitcoinOrdinary barCasesAll coinsVerdict
24 hours45% (39%–52%)49%22350% vs 51%No edge
30 days43% (32%–54%)45%7758% vs 57%No edge
7 days41% (34%–48%)47%16754% vs 53%No edge

4-hour chart

WithinBitcoinOrdinary barCasesAll coinsVerdict
24 hours48% (44%–51%)48%75652% vs 50%No edge
7 days49% (43%–55%)46%26752% vs 51%No edge

1-hour chart

WithinBitcoinOrdinary barCasesAll coinsVerdict
24 hours46% (42%–49%)48%87150% vs 49%No edge
4 hours49% (46%–51%)49%184850% 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 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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