HoylesPattern

Bitcoin - Next Stop USD 128k to $130k #bitcoin #money #economy The wheels are turning after the latest Executive Order in the US which opens 401k’s to digital assets through ETFs and the like. We seem to have an early July 25 pattern forming that saw a USD 16k jump in the BTC price. Accordingly, this could lead to USD 128k - 130k top and then a pull bak to USD 120k as the price consolidates again. Whereas I am sure we all hope for peace in Ukraine/Russia and the Middle East, I do not hold much star on the Trump/Putin meeting in Alaska. This may mark a turning point in the BTC climb as the world re-assesses risk and may see a move back to traditional assets such as #gold

Australia’s Inflation about to soar #inflation #costofliving #costofliving #economy #money #gold #bitcoin Well it only took a month after the. May 25 Australian Federal Government elections and the M3 Money Supply has jumped from 5.96% YoY to 6.77% YoY (as at the end of June 25). Expect a bigger jump next month. The growth in money supply directly affects prices in an inflationary manner - that’s why most western governments print money like crazy to pump a slowing economy. In doing so governments debase your money. Based on Australian M3 growth your AUD one dollar will only buy AUD 93 cents of goods compared to a year ago. By 2030 at this rate it will be AUD 72 cents. The growth in M3 and debasement of your money really only affects the first recipients of the new money. Subsequent recipients effectively receive less value as the first recipients have caused demand-driven price increases - known as the Cantillon Effect. If the Reserve Bank of Australia (RBA) reduces interest rates in August 25 - expect the flow on effect to be significant encouraging more borrowing and spending driving up prices. Michelle Bullock, as the face of the RBA has been steadfast in moving slowly (very good), but I believe external pressures will result in a rate reduction in August. How much? Unless they step away from 25 basis point moves my bets are marginally on a 50 point reduction. Gold continues to show the underlying real debasement of 38.8% pa movement. So if you think your cost of living in some areas has gone up 20+ or 30+ percent then you are probably correct.

Bitcoin Recovers - slowly #bitcoin #money Bitcoin, after gradually declining to sub USD112k is gradually climbing back, indicating, on 6 Aug 25, its first higher low and higher top since early July 25 (not yet charted). The top remains marginal, only being about USD 20 above that achieved on 4 Aug 25. Given the pricing scale (100k ranges) comparatively for a USD 1 stock this would be seen as a double top. Accordingly, if the high for 7 Aug 25 does not exceed the 6 Aug 25 top we could see a pull back to USD 109.7k in the next few days. Keep your powder dry … if you got in with the USD 111k - 112k opportunity, great, if not you may want to wait or consider only a small investment at the current price level.