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DecodeJar Profile picture
DecodeJar
@decodejar
'15 #bitcoin investor | elliott wave #crypto analyst | #ordinals connoisseur
David Profile picture sudowire Profile picture 2 subscribed
May 29, 2023 • 6 tweets • 4 min read
#Bitcoin Primary Wave 5 Target is 100K.

Also, a lesson on how to measure wave 5 targets (instead of pulling numbers out of thin air) and draw correct Elliott Wave base and trend channels.

Wave 5 can be measured three ways:
- equal the height of wave 1 (68,692)
- 0.618 the… twitter.com/i/web/status/1… Image #Bitcoin Low Time Frame Alternate Count.

The base channel fails as support on the first attempt, but price is contained by the trend channel, before moving higher. Image
Dec 18, 2022 • 5 tweets • 5 min read
#Bitcoin Elliott Wave update.

I've updated all the counts I've been tracking. Just counting what I see and posting here for comment.

1/ #BTC Wave 4 ABC correction.

Looks incomplete with one leg lower still to play out. Must complete above 13,870 or invalid. 2/ #BTC Wave 2 Double Zig-Zag correction.

Combination of small zig zag followed by large zig zag. Also incomplete with one leg lower still to play out on #Bitcoin
Dec 17, 2022 • 4 tweets • 2 min read
Seems to me the #Bitcoin bottom is more likely in than not. Everyone hates everyone. Everything is scam. Every red candle is some degen getting liquidated. Too much narrative. Too much fear.

If you look at the charts, the #Crypto market as a whole has gone nowhere in six months. If you're selling out of your positions, instead of taking the opportunity to accumulate and grow them at these levels, I really think you're going to look back and regret that decision.

And I'm not talking trading, I'm talking about opportunity for long term portfolio growth.
May 29, 2022 • 11 tweets • 3 min read
Some thoughts on investing in #Bitcoin and #Crypto.

Generally speaking, when the news is universally bad and the sentiment is at all time lows, I am a buyer. I buy slowly and consistently across the months when the market is hunting for a bottom.

1/ My obsession with charts means I am always looking for the exact bottom. I want to know when it is approaching and when it has passed, but my investment timeframe means I have no need to buy the exact candle.

I am just averaging into long term positions.

2/
May 27, 2022 • 5 tweets • 3 min read
#Bitcoin diagonal in wave C of an expanded flat.

Expecting key trendlines in red to act as short term resistance.

Upside breakout competing above 33k (but below 40.5k) to complete minute wave 4 before reversing lower to complete the count.

1/ Image #Bitcoin zig-zag in WXY complex correction.

Breakdown to complete the final wave lower in what looks to be a very clear 5 wave impulse.

2/ Image
May 21, 2022 • 10 tweets • 6 min read
#BITCOIN UPDATE THREAD ⚡

The smaller dashed channel remains my primary case, mapping out waves 1 though 4 with perfect touches at the channel bounds. Wave 5 higher is still missing.

Lots of charts! Lets get into it...

🧵1/ In both channels we can draw a tight lower boundary, as well as one that captures deviations.

In the smaller channel, #Bitcoin has now broken the tight boundary and consumed the full extent of the Covid deviation.

Is the Luna crash simply another deviation?

🧵2/
Mar 21, 2022 • 5 tweets • 3 min read
A thread of threads. #Bitcoin #Crypto

I believe I've done the due diligence to back my consistent stance that we are in a large wave 4 correction with a wave 5 impulse yet to come.

I spend a great deal of time looking at both side of the coin.

🧵1/5 Image I considered many bearish macro counts in detail. I wrote a thread here:



You don't see those counts around CT as much anymore. Many of the proponents of them have moved on, posted new counts.

🧵2/5
Mar 14, 2022 • 7 tweets • 5 min read
#Bitcoin Update.

I've had a few days off and sentiment seems to be even worse now! Looking at the charts though... nothing has happened. 🤷‍♂️

Certainly a move is coming soon...

🧵1/7 Bearish scenarios seem to be in the same ball park:

- 29k is a popular bottom call on CT
- My EWT bear count has a fib target at 28,750
- Onchain models suggest a floor of 27k

There are also some calls for capitulation to the bottom of the regression channel (good luck)!

🧵2/7
Feb 12, 2022 • 5 tweets • 3 min read
#Bitcoin EWT update.

1/ Wave 4 Double Combination.

I prefer this WXY over an ABC running flat because of low volume in the would-be C wave, and it counts better as a zig-zig. I'm being technical, but it changes the options.

Is it finished?

🧵👇 2/ Wave 4 Running Triangle.

The WXY is a three wave structure; as is an ABCDE triangle. Two more three wave swings would give us a neat triangle.

The E wave could hold 40k support or find the lower trendline. That would suck in the H&S bears nicely!

👇