$MARA Holdings(MARA)$  Impressive. It turns out the shooting star (green candle with long upperwick) was actually an inducement for a breakout setup. 

The shooting star initially signalled bearish weakness, attracting short positions and creating a false reversal expectation. Instead, price retraced slightly and used the liquidity (stop-losses and pending orders) to push higher, leading to bullish continuation.

How to know: BTC still in uptrend (HH & HL), next candlestick after shooting star failed to close below the star's low, and low volume on sell side.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment3

  • Top
  • Latest
  • JackQuant
    ·12-17 13:59

    Nice explanation, no worry as long as Bitcoin still bullish, but do you have $MARA Holdings(MARA)$ on your bag ? 👀👀

    Reply
    Report
  • tiger_cc
    ·12-17 15:01

    Thanks for sharing!

    Reply
    Report
  • Edwardtoh
    ·12-18 08:44
    Good
    Reply
    Report