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.

Decent Bear Flags on Crypto

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In my post on Tuesday last week I was looking at the very promising rally setup on Crypto and was looking at the important daily middle band resistance that needed to be broken and converted to open the upside. That didn’t go quite as hoped and in my last post on Friday last week I put forward an alternate scenario where the IHS pattern on Bitcoin (BTCUSD) and Solana (SOLUSD) wouldn’t make targets as it was bear flags that were forming.

In my premarket post this morning I was looking at the bear flags and, coupled with the matching flags on US equity indices, was calling a likely high. We;’‘ll see how that goes.

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ZH in a Nutshell

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If a website can be a hero, Zerohedge used to be mind. When they started, they were basically a giant version of Slope. They despised the Fed. They considered Goldman Sachs to be a vampire squid. And they figured the stock market was doomed.

Some years back, for reasons I do not know, they flipped 180. These days, the essence of ZH is:

  • They worship, and I do mean worship, Trump;
  • They parrot everything Goldman Sachs says every single day;
  • Unless the market is in a free fall, they are virulent permabulls;
  • Their comments section is basically a hybrid of the Ku Klux Klan and the NRA.

It’s a real shame. I used to think they were the greatest, but now I consider them swill.