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Bitcoin setting up shooting star candle on the weekly

259
Ciao Traders,

I would keep an eye on the weekly chart of BTC, it looks like a shooting star candle is forming on the weekly.
What is a shooting star candle?
The shooting star candlestick is a chart formation consisting of a candlestick with a small real body, and a large upper shadow. This pattern represents a potential reversal in an uptrend especially when followed by red candle. It is also one of the four reversal candle types in candle theory: morning, evening, doji, and shooting.
So this is not a short signal as yet but it may become in the near future, lets wait for the week close and next week candle, a pull back to moving average support can be on the way.
İşlem aktif
I'm expecting a small bounce from 7k
Not
Below trade as update on smaller timeframe:
Bitcoin is in a tightening range (triangle formation)
İşlem elle kapatılmış

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.