$BTC

The Shooting Star is a type of Japanese candlestick that appears at the end of an upward trend.

Characteristics of the Shooting Star

1. Small body: The Shooting Star has a small body, usually white or black.

2. Long upper wick: The candle has a long upper wick, indicating that the price rose significantly during the period but then returned down.

3. Small or nonexistent lower wick: The candle usually has a small or nonexistent lower wick.

Significance of the Shooting Star

1. Potential reversal: The Shooting Star indicates a potential reversal of the upward trend, which may signal the beginning of a downward trend.

2. Loss of momentum: The candle indicates a loss of upward momentum, which may signal that the upward trend is losing strength.

How to use the Shooting Star

1. Watch for the candle at the end of the upward trend: The Shooting Star should be monitored at the end of the upward trend, as it may indicate a potential reversal of the trend.

2. Confirm the candle: The Shooting Star should be confirmed with other candles or technical indicators to determine the strength of the potential reversal.