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.(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.
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).
As Bitcoin has crumbled from nearly $20,000 to about one-third that value, and continues to slip under its latest $7100 support as I am typing this…..(more…)
The Fibonaccis have had almost mystical power over this “asset”. I wouldn’t be surprised if bitcoin never sees quintuple-digits again.
We haven’t looked at the US dollar relationship with the Chinese Yuan in a while. As I mentioned during the trade war (remember that?), the stronger this cross-rate is, the weaker our equities will be, and vice versa. This thing peaked on September 3rd and has been trending lower ever since then (thus, equities have been strong). It’s a relationship that merits monitoring.
For someone who has never trade a crypto in his life, I sure do blather on about it. But I’ve got to say, I remain slack-jawed with amazement at the behavior of Bitcoin vis a vis its Fibonacci levels. I’ve mentioned repeatedly the major level at about $7200. Well, not only did that provide support, but it did so with an explosive, eye-popping move to the upside:(more…)