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CantorTechnologies
Jun 4, 2019 7:35 PM
Example of a shooting star in btc - bearish candle be careful
BITSTAMP:BTCUSD
1W
Bitcoin / U.S. dollar
Bitstamp
Description
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Jun 4, 2019 7:35 PM
Hello all,
Just a heads up this is a traditionally bearish situation so make sure you are prepared for the worst as always :)
-YS
Comment
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Jun 4, 2019 7:37 PM
classically, you would probably have gone short below the wick on the last candle (8000) with a sl around 8800.
Chart Patterns
Shooting Star
Bitcoin (Cryptocurrency)
Comments
jthrasher
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Jun 4, 2019 11:24 PM
Also worth noting that this is a "real" evening star formation where it gapped up. only 1 tick on Bitstamp but gapped up a bit more on Coinbase. Still would wait for weekly close to confirm it but good eye.
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