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.
Ripples and Waves
Just a bit of a victory lap with respect to my Ripple to Fall post from the 27th of October. The crypto fell 25% over the next nine days. The peak was the 27th. My post was the 27th. Not terrible!
Looking Over the Cliff Edge
In my post on Wednesday 22nd October I was looking at the major support being tested on Bitcoin (BTCUSD), Solana (SOLUSD), and Ethereum (ETHUSD), and saying that sustained breaks below those support levels would boost the case that the bull market on Crypto has already ended, barring possible high retests as part of the topping process. This was and is a major inflection point, and the direction of the break from this inflection point is still in the balance.
I was noting that the last two bull market highs on Bitcoin were in December 2017 and November 2021, close to the end of the year and four years apart, so the end of 2025 is the obvious period to be looking for an end to the current bull market, and I’ve had that pencilled in at the likely topping area all year.
In my last post on Thursday 30th October I was looking in detail at the key support levels on the weekly and daily charts and looking at the possible H&S patterns forming on the Solana and Ethereum charts.
(more…)Defy, Defy, Defy
Over the years, I’ve made my feelings about crypto fairly well known (in case I was too subtle, yesterday’s “Bitcoin Blows” post might have tipped you in the right direction). Bitcoin itself has lost over $25,000 since just a few weeks ago (and remember, BTC is the “blue chip”, as compared to all the other scams and crap out there).
Bitcoin Blows
Normally, I shy away from talking about crypto for the same reason I shy away from talking about any member of the current administration: because its supporters are zealots, bordering on religious mania, and nothing I say is ever going to change them. Plus, they’re goddamned nuts. Thus, I tend to keep my mouth shut.
I’d at least like to point out, however, that the price is Bitcion is the same it was eleven months ago.
