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.

Solana Now Halfway To IHS Target

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Back in my post on 11th April I called the likely start of a strong rally which we then saw.

Back in my post on 12th May I called for new all time highs on Bitcoin (BTCUSD) and laid out possible IHS scenarios on both Solana (SOLUSD) and Ethereum (ETHUSD), looking for ideal right shoulder lows on Solana in the 125.43 area and on Ethereum in the 2074.27 area. That hasn’t gone quite as I drew then but essentially Solana is still running that scenario, and Ethereum has already reached the IHS target.

Back in my post on 23rd June I called the likely lows on those right shoulders made on Solana at 126.09 and on Ethereum at 2113.65, and was looking for that IHS scenario on both to start to play out.

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Fakeout, Not Breakout

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My only options position right now is puts on DIA, so naturally I watch the /YM futures closely. They were down a little pre-open, but the moment the bell rang, they exploded higher for No Particular Reason ™. Just as suddenly, they did a hairpin turn south and plunged triple digits.

Everyone’s on edge about tomorrow’s absolutely meaningless interest rate drop, which I think is going to be one of the “Buy the Rumor/Sell the News” events of all time.

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