CryptoWizard
399 posts

CryptoWizard
@TheCrypWizard
Crypto Enthusiast l VeChain Node Holder l Moodeng Connoisseur 🤌🏻 l Real Estate Investor



Nothing has changed for #BTC. Weekly bearish divergence, weaker moves to the upside ever since Q1 of 2024, two weekly inverse hammer candles after failing to break the highs. Until the 120K-125K range is broken along with this massive weekly bearish divergence you should practice extreme caution.




As a follow up to my last tweet, someone just asked "what is Scenario 3?". Covered it extensively in an older Youtube vid but for those who missed it or need a refresher, "Scenario 3" is the "GREEN" path on $BTC in the tweet below 👇 (Basically just means a "deeper" pullback below 105k (which we now have) or even 98k is technically allowed before the next impulse).








Zooming out to remind you all of where we are in the bigger picture so you don't get lost in the lower timeframes and panic un-necessarily: High timeframes remain unequivocally bullish, and the current correction is considered normal/healthy in HTF context. The idea shared below is the SAME idea covered in my last Youtube vid, but sharing this chart to make it clear for those who may have missed it or need a reminder. The chart below clearly shows the importance/significance of the 74k level I've been talking about for a while now and why it is so relevant. The current correction should either hold above the lows at 98k (what we call a "running flat") or potentially wick below them (what we call an expanded flat) , but in either case- there is no change in HTF structure. Keep calm and get through this correction because what comes next is what you've been waiting for since 2018. $BTC



17 weeks now #BTC has been trading in between 98K-106.8K-125K. The weekly bearish divergence we spoke about heavily at 120K-125K back in August continues to play out. This is what corrective phases look like. It's been going on for a while now. A hold of structure is all that matters. A break of structure in either direction will lift the volatility that is historically low and the move will become significantly more aggressive.






