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.

Taking Stock on Crypto

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In my last post on Monday I was looking at the rally setup on Crypto which was decent but looked fragile, and that setup didn’t deliver, with Bitcoin (BTCUSD), Solana (SOLUSD) and Ethereum (ETHUSD) making lower lows and those bottoming setups disintegrating.

I want to have a look at the bigger picture on Crypto today as there are some reasons to think that a larger low may be forming, though with Crypto tied as closely as it is to equity prices, there is an obvious large risk that further equity declines may drag Crypto down into a larger decline.

That risk is very clear on the chart below, where you can see that historically Bitcoin regularly makes a high before equities, but tends strongly to make significant lows with equities.

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Asian Speed

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Interesting to see the progress difference. Let’s face it, in China, you don’t have to muck around with property rights, going to court for years to get permission to go through someone’s field, or paying union wages for manual labor. You just get it freakin’ done. By the way, the California High Speed Rail is just as much of a train wreck, so to speak, as ever.