I’ve never been shy about bad-mouthing the entire crypto-space, but as a chartist, I’ve got to say that it looks like a rally is getting ready. To be clear, I think the days of $20,000 bitcoin will never been see again – – not even close – – but in the weeks ahead, I think the HODL crowd will get some renewed hope.(more…)
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.
I don’t mention cryptos here much, but I saw a headline that LiteCoin was up 30%. There’s an entire subculture of crypto journalism, and I am certain without even looking that there’s a whole raft of “Crypto is BACK!” articles being cranked out at this very moment. My view is that this is a “one and done” kind of move. I continue to be impressed at how chart-compliant cryptos are, and the red horizontal and blue descending trendline should, I think, cap prices right about here.(more…)
Blind Squirrel posts stuff constantly in the comments section, and I happened to click on one of his posts this morning, which was the following truly hilarious video:
This is a tale of how greed and lack of risk management can blow up in a big way. Brace yourselves.
Allow me to introduce you to one Matt Todorovski, a resident of Australia who wanted to become a trillionaire – – yes, a trillionaire – – by sitting in front of his computer trading the FOREX markets.
Now there is absolutely nothing wrong with being ambitious, setting goals, and trying to beat the markets. Millions of people around the world do it, and the vast majority of them fail. It’s a tough business. That’s why the handful of winners make so much money. Because almost everyone else loses.(more…)
Some time has passed since I wrote a more lengthy article, but not nearly as long a time as this gruelling bear market in cryptos – now 12 months long, and counting. So, in this article I’d like to rewind the clock a bit.
When we first saw our bull market top in cryptos, I did not fully expect a long bear market such as we’ve seen. While the March breakdown confirmed in my mind that the $3000 to $4700 zone would be visited again, I did not think it would take this long.(more…)
Although I don’t trade them, I persistently find the cryptocurrencies to have fascinating charts. Every line seems to have meaning and import. Notice how Ethereum scraped along its supporting trendline, vaulted higher, and then weakened at the horizontal.(more…)
I was originally going to be back midday Tuesday, but I’ve rearranged flights to get back in the saddle late tonight. I can’t stomach being away from all my computers and screens an longer. Running this site remotely is just too awkward. While I am sorting through my own charts, just an update on the wonderful world of crypto – – one glance at the charts will tell you all you need to know.(more…)