Decode

Decode

56,417 Twitter followers

Follow

bitcoin | crypto | macro | elliott wave

Posts

This doesn't necessarily mean anything for Bitcoin btw, since it's been decorrelated from the stock market for a while, but it's an observation. Most people are probably in equities right now anyway, although I don't fancy top blasting the indices when there is a beaten down asset class to accumulate.

Looks like a clear completed 5 wave impulse on SPX, so I'm expecting a bit of correction, and with bearish top calls to get very loud.

Looks like a clear completed 5 wave impulse on SPX, so I'm expecting a bit of correction, and with bearish top calls to get very loud.

Bitcoin is holding up really nicely here, but still trading in a channel, so no confirmation is available either way. At the upper channel boundary of a bear flag, we would expect Bitcoin to quickly sell off, but this hasn't been the case. As long as Bitcoin continues to range in the top half of the channel, above circa 74k, I am inclined to remain bullish, and believe Bitcoin will continue higher. Equities are showing you the bull market has not ended, the ISM is showing you the economy is in expansion, and this is where I believe Bitcoin and large cap altcoins more broadly will stage a recovery that the majority is not expecting.

On chain analysis hasn't been any more (or less) useful than technical analysis (for me). Mechanically different but both capturing the same thing: human behaviour and market psychology. I think OCA is less useful as a timing tool, and don't look for absolute confluence between OCA and TA. Both methods are noisy, so the risk is doubling the noise and confirming your bias through finding even more metrics to agree with. In addition, neither exist in a vacuum, so if you're looking for confluence, both are subservient to macro.

It doesn't matter what you say about TAO, there's always a queue of people in the comments ready to FUD it. Good sign in my opinion, just another way I know I am in the right project. Keep it coming.

ISM PMI cycles are on average 3.54 years, much like Bitcoin.

Bitcoin cycles are on average 3.42 years, not 4.

In consideration of the fact I just saw a big account calling for 28k Bitcoin, that's the 600 week sma, an absolutely bonkers call, I'm still of the opinion the bottom is more likely in, than not.

Considering equal weight staking across the four top Bittensor subnets SN4 Targon - Serverless SN51 Lium - Compute SN64 Chutes - Inference SN120 Affine - Orchestration Relative safety in solid infrastructure ecosystem players. All still <$100M cap, plenty of upside on TAO.

Loading..