On this ridiculously sleepy holiday, let’s take a glance at the wonderful world of cryptos.
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.
Bitcoin Parallel
I find this quite interesting: if you look at the period of about November 2017 to August 2018 and compare it to more recent history, they are extremely similar. My conclusion from this is that Bitcoin, in spite of its recent boost, will succumb to weakness again this year, tumbling through six thousand, five thousand, and four thousand dollars.
Clinging Like a Magnet
Try as it might to escape, Bitcoin is clinging steadfastly to its Fibonacci retracement. It’s actually quite remarkable.
Special EFX
Two separate and unrelated items to mention:
First off, one of my short positions, Equifax (symbol EFX) is shaping up nicely with a series of lower highs. It hasn’t broken support yet (yellow tint), but here’s hopin’……..
Crypto Revolution Update
British Pound Soars On Election Exit Polls
Early election exit polls are predicting a huge majority win for British Prime Minister Boris Johnson’s Conservative Party…click here to watch this short video clip.
Real-ity Bites
Here’s a heart-stopping portrayal of the Brazilian Real, shown as a continuous futures contract in SlopeCharts. (I must apologize, I’ve been having way too much fun going through the new Futures data panel in SlopeCharts and exploring what’s there).
