I’ve seen many times in stocks, commodities, and currency — after a downside wick and short recovery, prices usually move again in the same wick direction.
CRYPTO MECHANIC
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Bitcoin has already filled around 70% of that Friday wick, shouldn’t really be a surprise.
We’ve talked about this “wick fill” scenario in almost every live stream, and I even uploaded a video explaining it. We are now entering an important zone.
From a trading perspective, There is no good trade yet but if we look at next few weeks. I think its good price.
Lets see what we get.
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