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Reversal Candle-stick BTCUSD Patterns: Bearish Crypto Candlestick Patterns

Reversal Candlestick BTCUSD Patterns: Bearish Crypto Candlestick Patterns

Shooting Star BTC/USD Crypto Candles Pattern is a bearish market reversal candlesticks pattern setup formation. It occurs at the top of a market trend.

Shooting Star Bitcoin Candle Pattern occurs at the top of a up bitcoin trend where the open bitcoin price is the same as the low - & bitcoin price then rallied upward but was pushed back down to close near the opening.

Reversal Candle Bitcoin Chart Setups: Bearish Candlestick Patterns

Shooting Star Candle Pattern Reversal Candle-stick Bitcoin Chart Setups: Bearish Candle Pattern Setups

Analysis of Shooting Star Bitcoin Crypto Currency Candles Patterns

A sell is confirmed when a candlestick closes below the neck-line of this shooting star candlestick pattern, this is the opening of the candle to the left side of this candle pattern. The neckline in this case is a support zone.

Stoploss orders for the sell trades should be set a few pips above the highest bitcoin price in the recent high.

The Shooting Star candle is named so because at the top of an upward cryptocurrency market trend this cryptocurrency candle pattern looks like a shooting star up high in the sky.

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