Bitcoin Cash · BCH/USDT · daily
What happens to Bitcoin Cash after a 15% drop in a day?
Since 2019, Bitcoin Cash has shown a 15% drop in a day 10 times. In the 10 cases old enough to score, the price was higher 7 days later 60% of the time, with a median move of +3.4%. On an ordinary day the median 7-day move for BCH is −0.2%.
No better than chance24
Once you allow for how many studies were run, a gap this large is luck about 72% of the time, so this signal has told you nothing reliable about the following week.
By holding period
| After | Cases | Higher | Median move | Middle half | Ordinary median | Gap | By luck | Proof score |
|---|---|---|---|---|---|---|---|---|
| 1 day | 10 | 80% | +2.9% | +0.5% to +5.9% | 0.0% | +2.9% | 9.7% | 61 |
| 3 days | 10 | 50% | +1.4% | −5.9% to +6.8% | −0.2% | +1.6% | 75% | 21 |
| 7 days | 10 | 60% | +3.4% | −7.8% to +8.0% | −0.2% | +3.6% | 72% | 24 |
| 14 days | 10 | 50% | −4.5% | −11.5% to +4.4% | −0.5% | −3.9% | 84% | 22 |
| 30 days | 10 | 40% | −6.4% | −16.2% to +3.4% | +0.1% | −6.6% | 83% | 22 |
“Ordinary median” is the median move of BCH over the same number of days starting from any day. “Gap” is the signal's median minus the ordinary one. “By luck” is how often a gap at least that large comes from randomly chosen days, corrected for the 3,572 studies run at each holding period (for this study taken alone: 28%).
Holding it for 7 days
Dips and best points use each day's low and high, measured from the close on the signal day. Costs assume 0.3% for a round trip: a 0.1% exchange fee each way and 0.05% slippage each way.
Every occurrence
One square per occurrence, oldest first. Green: higher 7 days later. Red: lower. Grey: not yet 7 days old.
| Date | Close | +1d | +7d | +30d |
|---|---|---|---|---|
| 5 Mar 2024 | $401.0 | +3.7% | +8.5% | +65.9% |
| 9 May 2022 | $217.9 | +6.2% | −9.3% | −18.9% |
| 21 Jun 2021 | $455.4 | −2.5% | +10.2% | −5.4% |
| 19 May 2021 | $694.5 | +17.7% | +10.0% | −18.9% |
| 12 May 2021 | $1,236 | +1.8% | −43.8% | −53.3% |
| 23 Feb 2021 | $515.8 | +2.2% | +0.3% | −8.3% |
| 21 Jan 2021 | $418.7 | +5.0% | −3.3% | +62.0% |
| 11 Jan 2021 | $476.8 | −5.2% | +6.7% | +3.8% |
| 3 Sep 2020 | $213.7 | +7.6% | +6.4% | +2.3% |
| 8 Mar 2020 | $272.8 | +0.1% | −34.7% | −7.4% |
The 12 most recent. All 10 are in the open data file.
The rule
Close at least 15% below the close one day earlier.
Occurrences closer than 7 days to the previous one are not counted again. The signal is confirmed at the daily close (00:00 UTC) and returns are measured from that close. Full method.
The same signal on other coins
| Coin | Cases | Higher after 7d | Median | Gap | Verdict |
|---|---|---|---|---|---|
 Zcash | 24 | 58% | +5.8% | +5.7% | Weak evidence |
 Tellor | 31 | 58% | +3.2% | +3.7% | Weak evidence |
 Reserve Rights | 27 | 37% | −4.9% | −3.6% | Weak evidence |
 ConstitutionDAO | 21 | 52% | +1.6% | +2.9% | Weak evidence |
 Theta Network | 20 | 45% | −3.2% | −2.6% | Weak evidence |
 Kava | 24 | 67% | +4.7% | +5.3% | No better than chance |
 COTI | 26 | 62% | +3.3% | +4.5% | No better than chance |
 Neo | 24 | 58% | +3.4% | +4.0% | No better than chance |
15% drop in a day across all 94 coins
Other Bitcoin Cash signals
New signals are sealed in the public ledger at the daily close. Members see them immediately; everyone else sees them a day later.
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