CRYPTOWZRD - OFFICIAL

2023-05-18 23:32:31 LEDGER COLD STORAGE WARNING:

Ledger has recently launched its "Recover" subscription service that lets users back up their Secret Recovery Phrase so they can be recovered if ever lost.

Ledger Recovery encrypts your seed in 3 shards and sends them to three different entities including Ledger, who can reconstruct it after ID verification. Thus requiring you to KYC that a ledger & its holdings are yours.

Hardware wallets like Ledger have always been considered the safest option, as offline devices are resistant to hackers and any other third parties attacks.

In my opinion this update clearly challenges that notion. Subscribers to the new Ledger Recover service are trading full control over their assets for an additional layer of security.

What if I don’t sign up to Ledger Recover?

Well, the it’s not the subscription that matters, it’s the ability for Ledger to be able to access your Private Keys/Seed Phrases, when they shouldn’t be able to do so.

Their latest update does exactly that, in other words, irrespective of whether you sign up or not, if your device is updated (which they can later force) your keys won’t be only yours anymore.

In the last 24 hours the EU have passed regulation for mandatory KYC and identification of anyone who owns, holds, sends or receives Crypto payments. In the UK last week, regulation is being put forward to be able to seize crypto off of exchanges (with Ledger now becoming more like a hot wallet, they can do the same). We already know the US will go above and beyond their scope to in force control on crypto.

This update can potentially allow Ledger to conduct a full KYC recovery in the future, enabling third parties like governments to force withdrawals from users' funds or pause them.

What now?

Personally, I will be purchasing a few Trezor’s, I only have two at the moment.

Trezor is Open Source and has vowed to keep it that way.


BUY A TREZOR HERE: https://affil.trezor.io/aff_c?offer_id=133&aff_id=33132&source=wzrd

Do not buy from any unofficial site. Open / Comment

2023-05-18 21:26:01 WINNERS AGAIN. Open / Comment

2023-05-18 19:24:58 Bitcoin Market Update:

The intraday chart is moving choppy and has some volatility.

Right now Bitcoin has some weakness and it should decline further below $27,200

We still need to get a H1 confirmation to expect more bearishness.

The H4 candle closed bearish but we need more healthy bearish candles to call it bearish.

The Daily candle is an indecisive candle so far but bearish pressure is there.

Whatever Bitcoin does from its current location most altcoins will follow that.

I will be following the intraday chart to get more trade opportunities.

https://www.tradingview.com/x/o96qV4FP/ Open / Comment

2023-05-18 05:46:20 Bitcoin closed bullish today and is teasing the Daily H&S neckline, a bullish breakout above $28,100 will offer a further upside move although a rejection can offer a quicker decline towards the $25,000 zone. The market does not have any bias and pulse yet, we need to wait for it. The US stock indices and DXY should also help Bitcoin to pick a side soon. Tomorrow my primary focus will be on the intraday chart and whatever Bitcoin does most altcoins will follow that. Let me know if you have any questions after reading today’s Crypto Technicals on Twitter.

https://twitter.com/cryptoWZRD_ Open / Comment

2023-05-18 04:56:05 DXY did not move in a big way today but it closed slightly bullish and should push much higher from the current location. 104.20 will be the next major resistance target and above we will get a further bullish push. 100.95 will be the main support target. I will pay more attention to the intraday chart tomorrow as the Daily chart has been trading in a range area for a long time. Whatever DXY does, most financial assets will follow that. Read the Daily Forex Technicals on Twitter and let me know if you have any questions.

https://twitter.com/cryptowzrd_ Open / Comment

2023-05-17 14:52:41 Yet again, members enter a zero drawdown BTC Trade handed on a plate Open / Comment

2023-05-17 04:38:10 Bitcoin closed with an indecisive candle today and so far it seems Bitcoin is following the H&S neckline and the current move is a pullback. However, we need a healthy bearish Daily candle from the current location to get the next big move. $25,000 is the next support target and $28,100 will be the main resistance target. Whatever Bitcoin does, most altcoins will follow that. I will be following the intraday chart tomorrow to get quick scalps. Let me know if you have any questions after reading today’s Crypto Technicals on Twitter.

https://twitter.com/cryptoWZRD_ Open / Comment

2023-05-17 03:46:16 DXY did not move much today and it turned green after a further pullback as mentioned yesterday, we should see more bullish momentum from the current location which will eventually lead the entire financial market. Below 100.95 DXY will become bearish and a further decline will be there. Tomorrow my primary focus will be on the intraday chart and I will be looking for quick scalps. I expect more volatility. Read the Daily Forex Technicals on Twitter and let me know if you have any questions.

https://twitter.com/cryptowzrd_ Open / Comment

2023-05-16 16:42:29 Bitcoin Market Update:

Bitcoin and BTC.D are both trading as a Doji so far but have weakness as I suggested yesterday.

BTC.D has a wide room to decline though it also has room for upside

Bitcoin is showing signs of weakness from the neckline of the H&S but we need bearish daily closing today, in that case $25,000 will be the next WZRD support although until then $28,100 is the main WZRD resistance

Whatever Bitcoin does most altcoins will follow that.

My view still stands until invalidated that this is a H&S retest which is a common phenomenon.

I will pay more attention to the intraday chart today, from the regular US trading session we should see more volatility.

The US stock indices should have an impact on Bitcoin.


Intraday:

The intraday chart is having some volatility but still trading into a smaller range area.

A bearish move below $27,000 (POI) will offer a short opportunity towards $25,900 - Red WZRD Projection

Trade position setup has been provided for the above scenario with all necessary information including Entry, Targets, Stop Loss, RR & Criteria to take the trade.

However, above $27,850 (POI) will offer a further upside move towards $28,960 or more sideway range volatility - Blue WZRD Projection

H1: https://www.tradingview.com/x/w1XC1iwc/
Daily: https://www.tradingview.com/x/vlrZGVE3/
BTC.D: https://www.tradingview.com/x/c1oxWxYW/ Open / Comment

2023-05-16 05:34:38 Bitcoin closed slightly bullish but the Daily candle has a big upside wick and it declined once it tested the H&S red neckline. We need a bearish Daily closing from the current location to become more bearish but above $28,100 will form the Daily sideways range area but that is less likely. I will expect a further decline towards $25,000 in the coming days. Whatever Bitcoin does, most altcoins will follow that. I expect more volatility tomorrow. Let me know if you have any questions after reading today’s Crypto Technicals on Twitter.

https://twitter.com/cryptoWZRD_ Open / Comment