Decode Newsletter

Decode Newsletter

Decode Newsletter - Issue #4

Is the cycle dead? A forensic Elliott Wave breakdown, and a technical pivot that is fully aligned with macro.

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Decode
Nov 23, 2025
∙ Paid

The volatility is back, and it has arrived with devastating speed.

We have entered an environment of extreme fear. Following a brutal rejection at key bull market levels, Bitcoin has plummeted in a waterfall-style collapse, straight down to 80k. It is a violent move reminiscent of the mid-2021 crash, the China Bitcoin mining ban and a moment I remember well, and it has the majority of investors today questioning whether it’s the end of this cycle.

In the short term, Bitcoin finds itself in an undeniably awkward spot. We are caught in the crossfire between the unwinding of the four-year cycle and a total evaporation of market sentiment. But while the timeline has been delayed, the destination hasn’t changed. If you look past the price action, the global economy is shifting. Central Banks are wrapping up QT and the global liquidity taps are being turned back on.

In this issue, we are cutting through the panic with a deep-dive Elliott Wave breakdown, tearing down every single Bitcoin count, both bullish and bearish, to give you a fully transparent look at my process. The result is a key technical pivot that suggests a contrarian reality: while the crowd is scrambling for the exit, a powerful wave 3 might be just around the corner.

In This Issue

  • Bitcoin market structure

  • Historic volatility analysis

  • Special Elliott Wave detailed breakdown:

    • A granular breakdown of every Bitcoin count

    • Macro and asset correlations

    • A key technical pivot, the reasons and rationale

    • Bullish and bearish variants, targets and invalidations

  • Sentiment analysis

  • Leading macro indicators

  • Global liquidity

  • Nasdaq

  • Small caps vs crypto

  • Community

    • Submit your altcoin requests

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