Does the Bullish Engulfing work on Dogecoin?

On Dogecoin's daily chart, after a bullish engulfing Dogecoin rose within 7 days 44% of the time across 94 past cases. On an ordinary day it did so 46% of the time.

No edge: a coin flipIndistinguishable from an ordinary day on this coin. Most patterns land here.
On DogecoinNo edge
44% of 94 casesbaseline 46%
All coinsNo edge
45% of 14,571 casesbaseline 46%
Median move after the pattern -0.94% vs -0.73% from any bar; after a 0.2% round trip of fees -1.14%.

Daily chart

WithinDogecoinOrdinary barCasesAll coinsVerdict
24 hours48% (39%–57%)49%11548% vs 48%No edge
30 days54% (40%–67%)47%5043% vs 42%No edge
7 days44% (34%–54%)46%9445% vs 46%No edge

4-hour chart

WithinDogecoinOrdinary barCasesAll coinsVerdict
24 hours49% (45%–52%)49%64048% vs 49%No edge
7 days45% (39%–51%)47%25248% vs 48%No edge

1-hour chart

WithinDogecoinOrdinary barCasesAll coinsVerdict
24 hours49% (46%–53%)49%84549% vs 50%No edge
4 hours47% (45%–50%)50%168748% vs 50%Leans opposite

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 Dogecoin 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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