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.

Doge is Doing Well as DOGE

By -

As most of you know, the Doge coin was created for a laugh, yet it inexplicably became worth billions. The DOGE department, in a way, was created for laughs, too, since the acronym was the same as the coin name, yet it’s become something quite serious.

In both instances, the reputation and value of these efforts have tracked one another: an enormous and rapid lift immediately following the election, followed by a relentless grind lower. I daresay the value, and reputation, of both, are about to cut to pre-election lows in the near future.

Taking Stock on Crypto

By -

In my last post on Monday I was looking at the rally setup on Crypto which was decent but looked fragile, and that setup didn’t deliver, with Bitcoin (BTCUSD), Solana (SOLUSD) and Ethereum (ETHUSD) making lower lows and those bottoming setups disintegrating.

I want to have a look at the bigger picture on Crypto today as there are some reasons to think that a larger low may be forming, though with Crypto tied as closely as it is to equity prices, there is an obvious large risk that further equity declines may drag Crypto down into a larger decline.

That risk is very clear on the chart below, where you can see that historically Bitcoin regularly makes a high before equities, but tends strongly to make significant lows with equities.

(more…)

Decision Time on Crypto Rally

By -

In my post on Friday I was talking about the possible rally setup on Crypto and, while Crypto has gone down over the weekend, the rally setup has improved. It looks fragile though, and would rapidly fall in quality with a significant decline from here.

In the meantime, Trump was interviewed yesterday and was talking about further tariffs he was looking at against overseas trade partners. He was asked whether these policies might trigger a recession and said it was possible while seeming very relaxed about that prospect. This was not encouraging for equities and is fuelling further speculation that the current bull markets in Crypto and equities may now be over. I’m wondering more about that too but we’ll see how this develops.

(more…)

Possible Rally Setups On Bitcoin & Solana

By -

In my post on 20th February I was looking at the big support levels on Bitcoin (BTCUSD), Solana (SOLUSD) and Ethereum (ETHUSD). I was leaning towards seeing a retracement / consolidation on Crypto in the first half of this year and then strong new highs towards the end of the year with possible bull market highs pencilled in for Nov/Dec 2025. So far the big levels on Solana and Ethereum have been tested and are holding, but the Bitcoin double top has not yet played out to the target at 69k to 70k and I’m still thinking that is likely.

In my post on 28th February I was putting the case that the bull market on Crypto isn’t over until the bull market on Bitcoin is over, and so far there is little indication of that, though that could change of course if there is a hard break below the 65k to 73.8k backtest zone.

(more…)