Does the Three Black Crows work on Ethereum?

On Ethereum's daily chart, after a three black crows Ethereum fell within 7 days 52% of the time across 50 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 EthereumNo edge
52% of 50 casesbaseline 48%
All coinsNo edge
50% of 8,345 casesbaseline 54%
Median move after the pattern +0.80% vs -0.32% from any bar; after a 0.2% round trip of fees +0.60%.

Daily chart

WithinEthereumOrdinary barCasesAll coinsVerdict
24 hours42% (32%–54%)49%7341% vs 51%No edge
30 days58% (42%–72%)47%3856% vs 58%No edge
7 days52% (39%–65%)48%5050% vs 54%No edge

4-hour chart

WithinEthereumOrdinary barCasesAll coinsVerdict
24 hours46% (40%–52%)48%26047% vs 50%No edge
7 days42% (35%–50%)47%16352% vs 52%No edge

1-hour chart

WithinEthereumOrdinary barCasesAll coinsVerdict
24 hours49% (44%–53%)49%46148% vs 50%No edge
4 hours46% (42%–50%)49%63945% 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 Ethereum 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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