Bitcoin is changing hands at $61,351 after a 2.31% slide, with Ethereum down 2.38% to $1,627, and the daily chart is printing exactly the kind of upper-wick rejection candles that single-candle reversal patterns were built to read. The Gravestone Doji is the cleanest of those rejections. It marks the moment a session opens, gets bid up hard by buyers, then closes right back at the low as sellers absorb every cent of the rally. When it shows up at the top of an uptrend or at a prior resistance level, it is one of the loudest exhaustion signals a candlestick chart can give you.

Most traders have seen the shape and called it a doji without thinking about what the wick is actually saying. Here is the breakdown of what makes a Gravestone…