If you don’t want to hang out on Earth too long, choose Africa.
To Die For
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.
That’s……….Odd
I realize that even though 99% of the value of Strategy (MSTR) is based on its Bitcoin holdings, there’s still a substantial “Saylor Premium” people are paying above and beyond the intrinsic (if we dare use such a word) value of BTC itself. Thus, it’s intriguing that on Thursday, when BTC stormed to lifetime highs………
The Dog That Didn’t Bark
My apologies for this unusually long post. This has been a very interesting week on Crypto and there is a lot to look at. I did consider splitting this into two shorter posts but decided it is better to just do a longer post today.
In my last post on Monday 12th May I was looking at the possibility that large IHS reversal patterns might be forming on Solana (SOLUSD) and Ethereum (ETHUSD), and that there might be a large retracement across the board on those two and Bitcoin (BTCUSD) while right shoulders were established on those IHS patterns.
Last Friday, as the modest retracement we have seen this week on equities was setting up, my working assumption was that this retracement on Crypto would happen mostly as that retracement played out on equities, as the retracement between Crypto and equity indices is historically very strong, but that didn’t deliver as I expected and while what did happen was interesting, what didn’t happen was potentially much more interesting. Let’s have a look at that.
(more…)The Terminal
Several major investment banks learned of the Bear Force One plans and have, for the moment, sabotaged my efforts by way of a 5 hour (!) flight delay. I will not be thwarted, however.
For the Joy of Weeding
When I was a lad, my favorite times with my father were in the garden. He had planted a bunch of vegetables in the back yard, and I took a lot of pushing the plow around, planting the seeds, setting up the sprinklers, and watching things grow. The least-favorite task, of course, was weeding, but it was an important part of taking care of a garden.
I’d like to share a couple of thoughts about how I think this plays into trading, or at least my own style of trading. Let’s take a look at this daily chart of one of my positions over the past couple of weeks:
