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.

A Funny Thing Happened On The Way To Support

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In my post on Wednesday last week I was looking at the bear flags formed on Bitcoin (BTCUSD), Solana (SOLUSD) and Ethereum (ETHUSD), and those have all since broken down, but in a way that looks as though we might see a rally shortly.

I was outlining a scenario for that rally to a friend a couple of days ago, but was thinking the setup would probably fall apart as equity indices fell hard, but with SPX down almost 10% since then the setup is still intact, so I’m going to look at that today.

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Decent Bear Flags on Crypto

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In my post on Tuesday last week I was looking at the very promising rally setup on Crypto and was looking at the important daily middle band resistance that needed to be broken and converted to open the upside. That didn’t go quite as hoped and in my last post on Friday last week I put forward an alternate scenario where the IHS pattern on Bitcoin (BTCUSD) and Solana (SOLUSD) wouldn’t make targets as it was bear flags that were forming.

In my premarket post this morning I was looking at the bear flags and, coupled with the matching flags on US equity indices, was calling a likely high. We;’‘ll see how that goes.

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