Here’s my prediction for what’s ahead in the coming days, with David Ball Sacks at the helm:
Bitcoin’s Big Friday Event
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.
Trump and Tariffs
In my post on Wednesday 19th Feb I was looking at the very nice looking topping setups on SPX, QQQ and DIA and somewhat less nice topping setup on IWM, and in my post yesterday I reviewed those, which have now all broken down with the exception of the big double top pattern on DIA.
I don’t discuss politics much generally but given the news bomb action we have seen in recent weeks and the rapid changes we are seeing in the economic and political structure of the world around us this year, I want to talk briefly about Trump and the tariffs that he is currently very keen on imposing on many or all of those who trade with the US.
(more…)Ninety Kay
I would like to humbly suggest that the $90,000 level on Bitcoin is an important dividing line between fear and greed in the current market. Crypto’s behavior is a crucial part of the overall zeitgeist of the equity markets, and a healthy respect for $BTC’s price action is warranted.
Strategic Oscars Reserve
Hurray, huzzah, and cheers! A strategic crypto reserve! Of all the corrupt, hare-brained, idiotic ideas, this one takes the cake. What I find thrilling about it is that it is sending assets ROARING higher, which means I don’t have to wait even a few days before I can short the hell out of the market again. Thank You, Prezzy Trump! I am going to go in guns a-BLAZIN’ on Monday.
Crypto – Crisis? What Crisis?
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.
On Solana I gave three big support ranges and we were testing the second 180-216 range on a weekly close basis at the time. The third level is the 120-150 support/resistance range and by the time of my last post on Tuesday Solana was testing that and, with the low so far today at 125.43, is still holding the lower end of that range. I added that on a break below there is a last level at the Aug 2024 low at 110.02 that, if broken, would then raise a very real question as to whether the bull market is over.
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