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.

Bullish Consolidations on Crypto

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In my last post on Thursday I was looking at the possibility that the bullish consolidation on Solana (SOLUSD) particularly might see another lower low as part of a bull flag forming, and the jury was still out on that this morning.

On the daily chart Solana has still been holding the daily middle band, currently at 239.41, as resistance. The path to a lower low is still open, and there are some attractive targets.

On the daily chart the obvious support is at the monthly pivot at 219.10, and the 50dma, currently at 210.07. 210 would be a close backtest of the broken March 2020 high at 209.86 of course.

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Two Heads and Four Shoulders

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Since snaggle-toothed Brian Thompson has fallen off the front pages, I was glancing at the other “healthcare” CEOs who pull down $20 million a year for cheating their customers. The comely lass below is Sarah London, who makes seven figures every month running Centene. Looks like a super nice lady, right? Anyhoo, as your resident chartist, I at least wanted to point out the rather substantial topping pattern this creature has banged out.

Bullion Beating Bits

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Only days ago, Bitcoin crossed above the meaninglessly but psychologically important $100,000 level with great fanfare. Social media was buried in a wave of posts declaring that $250,000 would be “easy” and $1 million achievable since, let’s face it, $100,000 is 10% of one million. I watched BTC play jump rope with $100k all weekend, and it’s finally sinking away. I think the crypto freaks kind of shot their wad with this one.

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