An Evening Star candle occurring at the peak of the uptrend can indicate that the bullish is losing track and the trend is about to reverse. Evening Star candle shows the exhaustion after a cycle of the uptrends price pattern. We saw this pattern in BTC in April 2021 following a very strong red candle in May 2021. We can get a solid red candle this month (Dec 2021) as the Doji candle means bulls are not able to push the price up any further and then bears will step in to take control.
Ehsan.F
Ehsan.F
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the crypto market is really exhaused.
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Time and history will judge my analysis.
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The top was called on 1st December 2021 when the Total was 2.61 and BTC at 60k. Now they are approximately 20 % less than before. I also expect the Domino Effect occurs in the crypto market.
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Evening star 🌟 happened as expected.
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Sad story started from here.
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Power of Evening star.