Does the Bullish Engulfing work on Avalanche?

On Avalanche's daily chart, after a bullish engulfing Avalanche rose within 7 days 47% of the time across 88 past cases. On an ordinary day it did so 48% of the time.

No edge: a coin flipIndistinguishable from an ordinary day on this coin. Most patterns land here.
On AvalancheNo edge
47% of 88 casesbaseline 48%
All coinsNo edge
45% of 14,571 casesbaseline 46%
Median move after the pattern -1.08% vs -0.53% from any bar; after a 0.2% round trip of fees -1.28%.

Daily chart

WithinAvalancheOrdinary barCasesAll coinsVerdict
24 hours56% (47%–64%)50%11548% vs 48%No edge
30 days40% (28%–55%)46%4743% vs 42%No edge
7 days47% (37%–57%)48%8845% vs 46%No edge

4-hour chart

WithinAvalancheOrdinary barCasesAll coinsVerdict
24 hours47% (43%–51%)49%58048% vs 49%No edge
7 days47% (41%–54%)48%22648% vs 48%No edge

1-hour chart

WithinAvalancheOrdinary barCasesAll coinsVerdict
24 hours40% (28%–55%)51%4749% vs 50%No edge
4 hours45% (35%–54%)52%10148% vs 50%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 Avalanche 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.

Share