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.

A Modest Retracement on Crypto

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In my post on Tuesday last week I was looking at possibility that we might see a modest retracement on Crypto over the next few days into the end of September, during the last significantly bearish leaning period this year.

In my premarket videos over the rest of the week I was looking at the possibility that daily RSI 5 sell signals might form on Bitcoin (BTCUSD) and Solana (SOLUSD), and that Bitcoin and Ethereum (ETHUSD) might get another leg down within larger bull flags that might be forming from their last all time highs.

Looking at Bitcoin, that next leg down may now have started, and it has retraced to test the first big support level on the way at the backtest of the May (then) all time high at 112k, and the weekly middle band just below that currently at 111,738. The overnight low at the time of writing is at 112,121.

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Decent Setup For Modest Retracement

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In my post on the morning of September 3rd, just after the sharp decline on the first trading day of this month, I was noting buy signals on all six of the hourly equity index futures charts that I follow, and those all delivered over the remainder of that week. When four or more of these fix at once on the hourly futures they generally deliver.

In my the Bigger Picture video on Sunday 7th September I was noting the strongly bullish leaning historical stats for the coming week and was suggesting a target for QQQ at a retest of the August all time high at 583.32, and we saw that with a new all time high at 587.86, seeing also new all time highs on SPX and DIA, and IWM moving closer to the IHS target at a retest of the Nov 2024 all time high at 243.04.

In my last post on Monday September 15th I was looking at the historical stats suggesting that after Tuesday this week there was a short bearish window into the end of September.

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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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Second Half of Sept Leans Bearish

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In my last post on the morning of September 3rd, just after the sharp decline on the first trading day of this month, I was noting buy signals on all six of the hourly equity index futures charts that I follow, and those all delivered over the remainder of that week. When four or more of these fix at once on the hourly futures they generally deliver.

In my the Bigger Picture video on Sunday 7th September I was noting the strongly bullish leaning historical stats for the coming week and was suggesting a target for QQQ at a retest of the August all time high at 583.32, and we saw that with a new all time high at 587.86, seeing also new all time highs on SPX and DIA, and IWM moving closer to the IHS target at a retest of the Nov 2024 all time high at 243.04.

I’m still expecting that all time high retest on IWM in coming weeks and there is a chance that we might see that this week, but the historical stats from tomorrow’s close through to the end of September lean strongly bearish, so I’m thinking that we will likely see at least a few days of retracement or consolidation then.

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Inflection Point Here on Bitcoin

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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 both are still running that scenario, though Ethereum has now 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.

Back in my post on 18th July I was looking at the IHS that had since broken up on Ethereum and the progress made towards the IHS neckline on Solana.

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