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#P16Yeah, but bad example in the context of this discussion:
Bulkowski on the 'shooting star':
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.htmlBut that's his result for traditional markets. Possible that in BTC, shooting star is a better predictor.