Does the Bullish Engulfing work on Bitcoin Cash?

On Bitcoin Cash's daily chart, after a bullish engulfing Bitcoin Cash rose within 7 days 49% of the time across 99 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 Bitcoin CashNo edge
49% of 99 casesbaseline 49%
All coinsNo edge
45% of 14,571 casesbaseline 46%
Median move after the pattern -0.27% vs -0.27% from any bar; after a 0.2% round trip of fees -0.47%.

Daily chart

WithinBitcoin CashOrdinary barCasesAll coinsVerdict
24 hours43% (35%–52%)50%12248% vs 48%No edge
30 days50% (37%–63%)50%5443% vs 42%No edge
7 days49% (40%–59%)49%9945% vs 46%No edge

4-hour chart

WithinBitcoin CashOrdinary barCasesAll coinsVerdict
24 hours46% (42%–49%)50%67948% vs 49%Leans opposite
7 days48% (42%–54%)49%25248% vs 48%No edge

1-hour chart

WithinBitcoin CashOrdinary barCasesAll coinsVerdict
24 hours45% (41%–48%)49%85749% vs 50%Leans opposite
4 hours46% (44%–49%)49%172748% 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 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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