Michael Jansey Jr

UPDATE: #BTC #Bitcoin The 1HR LTF bias has officially been invalidated with a break and close below 117k + the 4hr stage 2 hit 119% in terms of overextension. So this run is over in my eyes for a little and if you've been following me, we've been anticipating this correction to occur on the 4hr, now its here. The 4HR MTF now hits the spotlight, where a broader consolidation is setting in. 4hr still holds strong, there's nothing to freak out about... This isn’t a collapse, it’s a normal and natural reset. (Keep in mind that over the last week we've ran up by 15k and over the last 3weeks, 25k.) Right now I'm expecting us to be locked inside a range between 121K–114K, essentially a 7K box of noise. Any movement within it? Irrelevant. It won’t hold. It won’t sustain. Price fluctuations here are distractions, nothing more. And if history has anything to say, this is just the beginning. Consolidations on the 4hr typically stretch for two weeks on average. For the 4hr, the 50% retracement lives at 115.7k - IF BTC is going to maintain its current strength on MTF/HTF, we should not lose (Close below) this level. Pullbacks below it are fine, it's the candle closures that matter. We are at 116k as of right, just wicked the 115.7k range. So this previous correction from 123k-115.7k SHOULD be the base of our 4hr consolidation. This base has not been confirmed yet as price needs more time to settle down as it picks a base market equilibrium or Stage 1 range midline, which i believe will be around 118k. But the bias remains: once this range resolves, the path to 150K opens up again. For now, accept the chop. The next leg will come..... just not yet.

This is a full in-depth breakdown on #BTC technicals showing everything im seeing/expecting at this point in time. I also talk a lot about my system and how I use it. Ive never done a video like this before where I've needed to breakdown the system and how I use it so its not perfect but regardless, I think there's a ton of technical value and knowledge to gain from it. A lot of the analysis happens in my head extremely quickly, and trying to accurately line it all up for an audience isn't the easiest, as there are many depths to the system and how I think about it. I imagine as I make more videos, I'll come up with cleaner and simpler methods of delivery. So I am planning on making more videos like this in the future. Any feedback is much appreciated!!

#BTC #Bitcoin This looks to be the most ideal path out of our HTF range. The first impulsive wave of 5, wasn't so impulsive. Not impulsive enough to send us out of this range. Remember what we are looking for: > Reset in OI > Impulsive structure > SPOT driven structure, not OI driven structure A correction to mid/low 60s would be extremely ideal for resetting OI, and setting us up further for the next impulsive wave of 5 up to 100k and beyond. Just because we are at our range highs does not = breaking out. Don't let your emotions and excitement of a 73k BTC distract you from the price action that delivered us to a 73k BTC. It is not time yet.