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.
With absolutely zilch new to say about equities, I’ll just mention this: if anyone thinks the BTC rally is going to sputter out, I’d like to offer one idea. Before getting to it, I’ll say that BTC has done an impressive job reaching “escape velocity“, and if it can get past that blob of overhead supply (tinted in green) it shouldn’t have too hard a time getting up to its 50% retracement level (highlighted).
Here are two major cross-rates that seem to be telling different stories about the direction the US dollar is going to be heading. The first is EUR/USD, which to my eyes looks ready to plunge (implying the dollar will be getting stronger).
After weeks of hanging around $28,000, Bitcoin ($BTC) finally broke free to the upside, conquering its Fibonacci resistance level. This is an impressive move.
It has pretty much a throwaway day for me, but, ah well, there not all going to be winners. As we await for things to start rocking again, I wanted to share once more my Domino’s Pizza (DPZ) chart. The head and shoulders top is exceptionally well-formed. It could actually go as high as $340 with little consequence, but I’ve got this on a very tight leash and will get out if it crosses above $333.25:
