Intro
In the previous post — Codex Brief: Liquidity Event Delivered — I wrote that “three setups remain before the next phase.”
Setup 4 has now played out exactly as the playbook foreshadowed.
Only two remain: Setup 5, the most important long of the C‑wave consolidation, and Setup 6 before the second flush.
Relief is coming — but it’s not the turn.
It’s the setup.
The only green candle in the entire B→C wave.
The lower‑high that prepares the swingshort for the second flush.
BTC is moving exactly as mapped in Brief 2: three red weeks, controlled drift, and a relief window approaching.
This post is not about reversal — it’s about recognizing the trap before it forms.
BTC fractal on track — In Codex Brief 2, the C‑wave roadmap outlined a simple rhythm:
- Week 1: wick
- Week 2–3: controlled drift
- Week 4: lower‑high window
- Week 5: stabilization
- Week 6: flush
We are now deep inside that Week 2-3 drift — the exact low‑momentum compression phase the model expected.
The updated weekly BTC chart shows it clearly: three red weeks, exactly on schedule. The same chart we have been tracking since Nov 22, 2025.
The broader outlook from Brief 2 remains fully intact.
The same invalidation still applies: a weekly reclaim of the 100‑week MA around 87.4k would break the model and cancel the expected flush.
Until that happens, the C‑wave structure continues to unfold as mapped.
What We Knew in Advance (Codex 8 → Brief 2)
Back in November 2025, Codex mapped:
- the A‑bottom the day after
- a B‑peak
- a corrective C‑wave
- three red weekly candles
- setups 1–4 before any relief
- ETH acting as an echo
None of this was prediction.
It was structure repeating the same rhythm documented since 2022.
Brief 2 confirmed it:
consolidation first, relief later.
February followed the script.
Why Bear Weeks Are Opportunity Weeks
Most traders avoid red weeks.
But in Codex, these weeks are not dead weeks — they’re rhythm weeks.
It’s about how structure turns bearish phases into opportunity, using February 2026 as a clean case study.
Bear weeks offer:
- cleaner structure
- predictable rotations
- tighter invalidations
- better R‑efficiency
- ALT clusters that move together
- less noise, more rhythm
BTC sets the tempo.
ETH echoes.
ALTs amplify.
When you trade phases, not coins, bear weeks become some of the easiest weeks of the cycle.
Case Study — February Execution
I always take partial profits when structure shows exhaustion.
ALT entries are always timed against BTC’s phase — never in isolation.
There is no certainty in trading, only probability and structure.
February was pure rhythm.
I traded the entire C‑wave consolidation with precision: BTC’s fractal dictated setups 1–4, ETH acted as the echo, and ALTs came in two waves — the Feb 6 wick reaction and the Feb 11–13 breakout that delivered the month’s momentum.
Scalp‑longs during BTC setup 3 became the core driver, exactly as described in the recent Codex Brief — Follow‑Up.
Even in a bearish month while BTC printed three red candles, perfectly matching the 2022 playbook, structure has produced clean execution — before setup 5 (relief long) and setup 6 (swing short) have even triggered.
How the B‑Peak Swing Short Is Managed Through the Cycle
On February 1, I published Codex Brief 11 Silent Entries Before the Breakdown — the mirror of the June 23 entries 11 Entries Taken in Silence Before the Breakout, but in reverse.
Those swing‑shorts are still open — Account ScreenshotThey have expanded significantly since the breakdown began, and they remain part of the second phase of the C‑wave — the same phase outlined in Brief 2.
We are only mid‑cycle: BTC is in the Week 2-3 drift, not the flush.
Setup 5 is the relief long.
Setup 6 is the flush.
The silent entries were positioned for Setup 6, not for the relief window.
Above them sits the B‑peak swing short — the structural anchor for the entire B→C transition.
It is designed to survive every phase of the cycle:
B‑peak → first flush → consolidation and relief → second flush → Wave‑4 top → Wave‑5 drift → accumulation.
The position remains valid until the market reclaims the 50‑week MA — the earliest confirmation of a new bullcycle.
The management rules are simple:
- Touch only at major pivots:
the relief → C‑bottom → Wave‑4 top → Wave‑5 drift - Coin‑M structure accumulates BTC/ETH during the bear
- The swing remains valid until the 50‑week MA is reclaimed
This is how a bear‑cycle is planned:
one macro swing for the phase, scalps inside the setups, and adjustments only at the true pivots.
This creates a structural buffer — not as protection, but as psychological stability. It allows the next cycle’s swing long to be built without stress.
Setup 5 — The Only Window That Matters
Setup 5 is the most important long of this consolidation — and it will be treated as such.
And the reason is simple:
It is the only clean reload window in the entire B→C sequence.
In the 2022 B→C wave, there was only one green weekly candle — the lower‑high relief. That candle was the trap before the second flush.
This window is where I plan to:
- take the relief long
- reload the B‑peak swing short
- add back size while keeping entry far above market
- prepare for the second flush (Setup 6)
- take partials at the C‑bottom
- add back again at the Wave‑4 top for Wave‑5 drift
Setup 5 is the hinge between:
the best long of the consolidation → and the best short before 2nd flush.
It is the pivot.
Tier 1 readers already have the full playbook.
The Wave‑4 relief playbook is already mapped as well — it will be released in Brief 3 when the 60k low breaks and confirms the second flush.
Codex is documented live — and the next chapter is already written, waiting for the pivot.
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Teaser for the Next Post — “How Codex Formed”
Over the past week I’ve reviewed every phase from July 2025 to February 2026 — the cycle that shaped Codex.
Not the trades.
Not the results.
But the memory, the method, and the rhythm behind everything.
Coming next:
🌀 How Codex Formed — A Rhythm Recap (July 2025 → February 2026)
Please do follow if you want to keep up with my next post. Any upvotes or reblogs are hugely appreciated!
Latest post, check out :
🌀 Codex Brief — Follow‑Up: Liquidity Event Delivered, C‑Wave Playing Out
Christopher
Kristiansand, Norway
Source: Photos are chart-screenshots by me from Tradingview.com and screenshots from my personal trading journal.
Legal Disclaimer : Never invest more than what you can afford to lose. I am not a financial advisor and I am sharing my opinion based on speculation. This post is for informational purposes only and provides only my personal opinion. If you make any trades after reading this post, it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.
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going down!
If the 2022 structure repeats, then yes — that’s the path.
I like the systematic aspect of it all, as it removes much of the guesswork and the psychological gymnastics of going back and forth between levels, bearish or bullish.
Quite an eye opener again on the B Peak Swing Short section, looks very sophisticated for my ordinary mind :)
Glad it helped. The B‑Peak swing short looks complex at first, but it’s just one position managed across phases. Once you see the rhythm behind it, it becomes simple. Thanks for the visit!
Right. Everything goes back to understanding the rhythm first before its manifestation in phases. Will definitely give the setup a study, thanks for sharing, learn something new everyday :)
You got the playbook, you know whats coming, its just around the corner.
🌀 Tagging the Codex crew:
@zekepickleman @ph1102 @mypathtofire @nenio @tobetada @iyanpol12 @libertycrypto27 @takhar @heroldius @ekavieka
Relief is coming — but it’s not the turn.
It’s the setup.
The only green candle in the entire B→C wave.
The lower‑high.