$BTC What happened to bitcoin at this wick?
Yesterday we were bearish until (suddenly) we got this whipsaw wick action that looked like this.
When I detected this pattern, I immediately shared a public long because I've seen this pattern before. Shorts got clustered into a liquidity cluster and it became an overcrowded trade. So we popped up sharply.
Macro is still bearish and this is just one of the many more fake outs needed before getting a 60k retest.
BTC
73,012.18
+0.05%
NOM
0.00441
-21.80%
D
0.00926
-10.18%