As bitcoin has continued its explosive rally ever since bottoming at $3100 just six months ago……..(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.
When $BTC (bitcoin) was at $3800, I did something very un-Tim-like and (1) said something nice about cryptocurrencies (2) made a long call. Specifically, I said bitcoin would head to $6,000.
I was right………but not nearly “right” enough, as we’ve even exceeded $7,000, thanks, I suppose, to the US/China relationship falling to pieces.(more…)
A reminder that we are not using the standard gold bug method of evaluating the USD (perma “death to the dollar!!”). We are using fundamentals in evaluating its potential to correct (and launch a global macro trade). The blue shaded boxes on this weekly chart tell the story of Fed policy (Fed Funds/3 mo. T-Bill) that significantly lagged the upturn in the 2yr yield into late 2015. But USD turned up much earlier (in 2014) to follow the 2yr.(more…)
I honestly have zilch and zip to say about stocks right now. Wednesday was a nothing day, and the laughable news that the U.S. is going to give China until 2025 to comply with any kind of trade “deal” is apparently a non-event (the ES and NQ are actually both slightly up as I am typing this). So let me just say a word or two about a couple of crypto charts, since those are in the news.
Bitcoin Cash has been on a crazy tear, but I’d like to point out the descending trendline. It might wind up in two or three weeks for another run to smash through it, but at the moment it seems plausible to me BCH will have some sellers taking profits at these levels.(more…)