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.

BTC May NOT Rally Next Week

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Here is a quick WEEKLY outlook for BTCUSD spot: currently mildly oversold, 2 weeks down.

The time model to the right shows that usually BTCUSD does not pull back for more than 4 weeks, but there is not many events in history where BTCUSD rallies after 2 weeks up, it’s rare.

The point from where it did rally, in the past, when this exact pattern was encountered, is after 4 weeks down.

So this means BTCUSD may fall for another 2 weeks before reversing and going higher.

If you want to get direct access to these tools, you can use this link.

Perfect Inflection Point on Crypto

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In my last post on Monday 9th June I was looking at the bull setup on Crypto and that was looking very promising, and still looks promising, but I did note that Solana still needed to break back over the 50dma daily middle band and the daily middle band and convert them to support to open the upside.

That didn’t happen, with a closing break over the middle band that rejected the next day. From there Solana made a slightly lower low in the 140-3 support area. Solana then retested the daily middle band again yesterday, and so far is failing there again.

The short term bull case depends on all of Bitcoin (BTCUSD) , Solana (SOLUSD) and Ethereum (ETHUSD) converting and holding their daily middle bands as support and, at the time of writing, all are currently below their respective middle bands.

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Setup For a Bull Run on Crypto

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In my last posts on In Monday 12th May and Thursday 22nd May I was looking at the possible setup for a retracement on Crypto that might then set up a substantial bull run on Crypto after that retracement was complete. That retracement is not yet necessarily complete, but I think it may well be, so today I want to look at that retracement, explain why I think that may be ending a bit early, and look at the large bullish IHS patterns forming on Solana (SOLUSD) and Ethereum (ETHUSD) that may deliver major high retests on both while Bitcoin (BTCUSD) makes substantial new all time highs.

Looking at the daily chart Bitcoin broke below the daily middle band into a test of the lower band, the 50dma and the 100k level. They held as support and Bitcoin is trying to break back over the daily middle band. The daily RSI 5 sell signal reached the full target. If the daily middle band is successfully converted back to support then this retracement is likely complete.

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Trapped in the Ether

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Four years ago, Ethereum was as hot as a pistol, and as it approached $5,000, speculation about how high it would go was running rampant, egged on by Raoul Pal who issued many long-dead predictions, including this item from March 2023 which declared $ETH would reach $20,000 by March 2022 “at the latest”.

I won’t endeavor to figure out why an article from March 2023 was offering up such a prediction already one year expired, but crypto bros are weird, man.

In any case, it didn’t get to $20,000, or even $5,000, for that matter. On the contrary. years after the aforementioned bold prediction, $ETH has been ambling around at about HALF its peak value, even with the recent preposterous ascent in asset prices across the board.

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