It is not that simple..
- You need to have an idea about the clock of the system, 1 and than 0 may well mean 111 and 000. Knowing the clock is also not enough you need to be able to recover the clock from the data stream since your internal clock and recorded clock may not be perfectly synced. You may need a PLL for this.
If you need to interpret the data, you need to know the encoding scheme as most of these signals are encoded, additional bits are padded for various purposes including clock recovery.