Quote from: myself on January 28, 2015, 12:35:28 AM

Quote from: podyx on January 27, 2015, 05:38:31 PM

Quote from: masterluc on January 26, 2015, 09:55:33 PM

Please note! If Current daily candle will be shooting star - there is a high chance price will revisit $100

So you would base a 65% decline in price on a single candlestick?

That's awkward

read some example http://thepatternsite.com/Blog-May08.html#P16

Yeah, but bad example in the context of this discussion:

Bulkowski on the 'shooting star':

Quote

Day traders that I know depend on the shooting star more often than I think they should, but my statistics are based on the daily charts, not intra day ones. I found that the shooting star candle acts as a bearish reversal 59% of the time. I consider that "near random" performance.

http://thepatternsite.com/ShootingStar.html

But that's his result for traditional markets. Possible that in BTC, shooting star is a better predictor.