August: the most hated BTC new ATH which nobody is predicting
Urgent crypto timing update on August and the roadmap ahead. Local low into new ATH. Rationale and details + crazy election predictions.
Read the previous newsletter to see how on point I have been with calling the reversal in the 55k 52k range, before a big run up, and this also exactly happened as Bitcoin touched 70k a week ago.
Now it is dumping again back to 61k.
What’s the future made of?
First, 2 critical elements of note:
-Yellen is playing with bond maturity and doing swaps which is akin to a stealth QE, inflation will pick this up shortly.
-War in the middle east is sadly heating up again, and this is also very inflationary.
Why is it critical? Well, that’s because this dump, is a rate cut decrease and carry trade dump, signaling the end of the free money from the Yen carry trade AND that the economy is starting to break, prompting the market to take chips off the table.
Whilst your favorite youtuber is making faces on the thumbnails and saying it’s all over again, the truth is again much more nuanced. The recession doesn’t start now.
It’s much later. And it will be a 2 stage recession. The big one is much later. As usual most of the market pundits are wrong.
Precisely, the market is about to run back up in August.
58-61k will hold as a bottoming/ reversal range within next 3 days max.
A new ATH will be made in August!