Some perspective on how crypto is holding up against stuff you can actually hold.
Digital Gold, Eh?
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.
First Church of Crypto
I’d like to start off by referencing a post from a few days ago called Drunk on Ripple. My basic postulate was that the Ripple coin (or crypto or worthless string of 1s and 0s or whatever it is) had reached an important level of resistance and would reverse away from the right triangle top. Well, although I don’t trade crypto, I’m glad to at least thump my chest a bit by nailing the top virtually to the second:
Peter Schiffs on Bitcoin
A Double Top Breaks Down on Bitcoin
In my post on Tuesday 16th September I was looking at the possibility that we might see a modest retracement (by Crypto standards) on Crypto over the rest of the week and into the end of September, during the last significantly bearish leaning period (on equities) this year.
In my post on Wednesday 24th September I was looking at the possibility that the low on that retracement had been made and giving the obvious targets below in the event that Bitcoin (BTCUSD), Solana (SOLUSD), and Ethereum (ETHUSD) went lower.
As it turned out the short retracement low was in, all three recovered back over their daily middle bands and Bitcoin then made a new all time high.
(more…)Drunk on Ripple
I haven’t had a crypto account in years, but if I did, I’d seriously consider shorting Ripple ($XRP) if it gets back up to that horizontal, which is the base of its well-formed right triangle top.
