$BTC The red shooting star candle on Bitcoin is considered one of the strongest ⛔️⛔️warning signals, as it indicates a potential reversal in the trend after the market reaches levels of exaggerated greed. Its appearance usually indicates sudden selling pressure as a result of whales' fear of a major correction.
⛔️The most important thing that the shooting star candle indicates
👎
Declining buying momentum: reflects that buyers have lost their strength as the RSI reaches overbought areas (above 80)
👎
Whales exit: Intense selling operations for fear of a sharp correction
👎
Opportunity for alternative currencies: Bitcoin's calm usually opens the way for alternative digital currencies to rise strongly