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.
Let’s cut straight to the chase. Cathie “it’s not a bubble” Wood has upped her insane $1 million Bitcoin target price to the batshit-insane level of $2.3 million.
What’s her reason for this? Is it just some crazy-ass number to get attention for a hopeless narcissist? Nope. She says if 20% of all investable assets are allocated to Bitcoin, that’s what the price will do.
Just a couple of knick-knacks during this quiet weekend………..
First, I ran a poll on X, and the results are………..interesting!
This is one of my favorite scenes of all time. It reminds me of my own mother, whose faith in her children was unshakeable. Fun fact: this is Ron Howard’s (the film’s director) actual mom!
Disclaimer: Prices can go a lot higher regardless of “Narrative”. Everyone who has a vested interest in higher prices are selling the stories that will try to make it so.
That is why it is counter intuitive to consume too much financial content. Even mine. That is also why my podcasts are so short vs what you see out there in the marketplace. The market already has priced all below news into prices already. That is also why I note that listening to earnings is for entertainment only. The price action is king.
When you can ingest “NARRATIVE” data like earnings and sell side packaged news and still function as a trader and win, you are making huge progress in the psychology of trading. So, before I get into the narrative data, I want to point out charts and “What Stuck out” section first! Because price action and charts are more important than news and narrative. I would say the healthy ratio of attention or head space for a good trader is at minimum 90:10. 90% price action and psychology vs 10% news, earnings and narrative.
(more…)I took a stroll through my watch lists and plucked out obscure but interesting bearish setups. As always, click on any chart for a screen-filling version.
