#WriteToEarnUpgrade #BTC100kNext? #FedOfficialsSpeak #ShootingStar Here’s a visual reference for a Shooting Star candlestick on a BTC/USDT chart (Binance) and how it typically looks in the context of Bitcoin price action:
A Shooting Star has a small body near the low of the candle and a long upper wick, showing that price spiked up but sellers dragged it back down.
It’s considered a bearish reversal signal when it appears after a strong up move — indicating that buyers failed to sustain higher prices.
On Bitcoin charts, this pattern often emerges near resistance levels, signaling potential rejection of higher price levels.
📈 Example BTC/USDT Chart (Binance)
While I can’t display your live chart directly, you can view the real-time BTC/USDT candlestick chart on TradingView or Binance to spot the pattern:
👉 Live chart here: Open Bitcoin / TetherUSDT Chart on TradingView
When you load the chart:
Set the timeframe (e.g., 1D daily candles or 4H).
Look for a candle with a long upper wick and small body after a short run-up in price.
Confirm that the next candle closes below the Shooting Star’s body — this adds reliability to the bearish signal.
🧠 Interpretation Tips
Trend context matters: Seeing a Shooting Star near a local high (e.g., recent rejection near key resistance) suggests exhaustion of the recent buy pressure.
Confirmation helps: A follow-up bearish candle — especially on higher volume — strengthens the likelihood of a short-term pullback.
Support levels: Watch subsequent support zones (e.g., prior lows) — failure to hold them can accelerate selling.