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’ve made mention plenty of times of my bearishness on Bitcoin. The push higher over the past twenty-four hours hasn’t been heartening, and I ditched my MSTR short and half my BITI long (the bearish fund) as a result. Here’s the minute bar of the /BTC futures.
I know I’m yammering on a lot about my Bitcoin short, but the chart compels me to do so. To be clear, the powers that be keep trying to spook me out of it, particularly in overnight sessions, but the big picture is unchanged: it’s simply one of the biggest, most beautiful tops I’ve ever seen in my young life.
Having endured the inexplicable rise in Bitcoin to nearly $80,000 on Sunday, I’m pleased to see it encounter some much-deserved weakness.
Could equities maybe take a hint? Or at least Bitcoin itself?
