DN17 | The Buy Zone | A technical breakdown of the recent liquidation cascade, Elliott Wave updates to map out the direction of the market, and uncovering relative strength in select digital assets. newsletter.decodejar.com/p/d…

If this ends up being the bottom, or somewhere close to it, those bullish at the 60k Feb lows won't look so silly after all. Bitcoin has only gone 1.7% lower since, and even at 50k the game hasn't changed that much. That's normal volatility in crypto, and with observable relative strength in some altcoins, especially in decentralised AI, this is where real opportunities are found. You can either spend your time worrying about who is right and wrong, or pay attention when Bitcoin dips and take advantage of that situation. As it stands today, there is no confirmed bottom in place, just as there was no confirmed bottom in February. In 2022, the bottom wasn't confirmed for almost two months, after which Bitcoin rallied 22% in one week.

Bitcoin holding the 200 week SMA like a champ.

Can you see the relative strength in Bittensor? Imagine what $TAO can do in an uptrend.

My understanding is that Elon's private wealth is about 1% of the $1.1T figure that is going around, with the other 99% comprising $765B SPCX SpaceX and $279B TSLA Tesla. Probably has some more stashed under the mattress somewhere, but the majority is equity in amazing companies he created, and their holdings. Stock prices go up and down.

DN17 | The Buy Zone | A technical breakdown of the recent liquidation cascade, Elliott Wave updates to map out the direction of the market, and uncovering relative strength in select digital assets. newsletter.decodejar.com/p/d…

The 2015 Bitcoin bear market fractal, taken precisely from the 2014 B-wave high and scaled to fit the 2025 flat pattern B-wave high, is grade A hopium with perfectly spaced and aligned lows.

The US government, citing national security authorities, has issued an export control directive to suspend all access to Fable 5 and Mythos 5 by any foreign national, whether inside or outside the United States, including foreign national Anthropic employees. The net effect of this order is that we must abruptly disable Fable 5 and Mythos 5 for all our customers to ensure compliance. Access to all other Claude models is not affected. We apologize for this disruption to our customers. We believe this is a misunderstanding and are working to restore access as soon as possible. Read our full statement: anthropic.com/news/fable-myt…

Buy the dip #Bitcoin

People are bearish on what happens immediately after the SpaceX IPO, but actually shares are so limited, and stock market complacency is so high, there will probably be enough people trying to get in on every dip to support the price for a while and even push it substantially higher. How long that lasts is more a question of the overall market and how long this kind of behaviour can be sustained before it breaks. History suggests the market can remain irrational longer than you can remain solvent. It's either that, or by the time you have your feet up on Sunday afternoon the top is already in, and the big AI IPOs later in the year launch into a bear market? Unlikely. Don't think for a minute the planning has been anything less than absolutely meticulous. They will take your money.

Wondering if this is the beginning of a more significant correction in stocks,

If I replied to every comment I would do nothing else, but I try to keep up with it, even if they're a bit salty. When sentiment is this negative, many accounts either just ignore comments or check out completely until the next uptrend. I'm still here hanging out with the community because I enjoy chatting with you guys. It's a shame it's spread so thin sometimes, but that's the nature of it.

Once retail have lost all their AI profits on SpaceX, Crypto might look attractive again.

Realised price 54k, Average price 52k, SMA 300W 54k, EMA 300W 58k, 2024 weekly closing lows 54k, 2024 wick lows 50k. Electrical Cost of Production 50k. Lots of 50s. 15%-ish lower for BTC? Plus a wick I'll probably sleep through and we're done? Is that it? What did I miss?

It's ok to be bullish on Bitcoin in a bear market. If you've been in Bitcoin for a few cycles, it'll have that effect on you. Being bullish on the most bullish asset with the most asymmetric returns is a pretty normal disposition, and it's ok if you get even more bullish as price goes lower. 45k seems to be about consensus now, but who doesn't like discounts? Incredibly bullish Bitcoin!

If prices go lower, it doesn't change the fact that Bitcoin and many other crypto assets are undervalued today, and this will be clearer when you look back in a few years, assuming you held.