- Mt. Gox to distribute 143K $BTC in July. - Miners sold $1.8B in June. - Bitcoin #ETFs faced $1B outflows since June 15. - German government sold $200M #BTC
Technical Analysis learning: Shooting Star Candlestick Pattern:
1. The Shooting Star is interpreted as a type of reversal pattern.
2. The long wick of the candlestick pattern indicates that buyers drove the price up, which then caused selling pressure and drove the price back down.