Slope of Hope Blog Posts

Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.

How Does A Crypto Analyst Make A Mistake And Still Make Over 265% Profit?

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By Avi Gilburt, ElliottWaveTrader.net

Ryan Wilday is our newest analyst. When we found him, he had already been trading over two decades for a supplemental income, but without the Elliott Wave Theory. He was a quick study in the theory and soon was producing professionally accurate wave counts, according to our method- Fibonacci Pinball. Ryan was also an early adopter of cryptocurrency and trading the new asset class.

His life started to change in August 2017 when I brought him on staff at ElliottWave Trader to lead our cryptocurrency analysis team.

For the first few months, his new life was very quiet publicly, until he made a very timely call. In mid-October 2017, he made a call for STEEM, the currency of the Steemit social media site, to reach $5, perhaps by January 2018. The price at the time of his post was 92 cents.

A couple of guys from England — the hosts of the CryptoNights videoblog on Steemit — saw the post and interviewed him. This is where his work first came to public attention. While he’ll admit his timing was intuitive, he stood by the price target, which was an important Fibonacci level in his ElliottWave count for STEEM. STEEM first hit $5 on January 3, 2018. It moved on, topping at $9.24, before starting the correction we now find it in.

His original post is here, and you can see the CryptoNights videoblog interview here.

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Financials First Crossover

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As brutal as this day has been, the big picture still hasn’t changed: lower lows, lower highs, and a general downtrend (although, God almighty, I am really sick and tired of all these “fight backs” the bulls are pulling off). For a little perspective on this, here is the triple-bullish on financials fund, symbol FAS, on which I own January 2019 puts. As you can see, we finally got our first bearish crossover on the two faster moving averages for the first time in God knows how long……..

slopechart_FAS