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.

Withering Away

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Watching the Trump coin (available on SlopeCharts under the easy to remember ticker $TRUMP) is fascinating. I’m not sure if this thing is kind of like a popularity poll or, like Bitcoin, a proxy for the general risk on/risk off zeitgeist. It blasted from pennies to almost $80 in a few days, and since then has withered away to less than a third of its peak. I pretty much is guaranteed to be worth $0 by January 20, 2029, but I truly wonder what spasmodic actions are going to take place in between.

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Bitcoin & Solana Bull Flags Breaking Up

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In my last post on Thursday last week I was, among other things, looking at a sharply upsloping H&S on Bitcoin (BTCUSD) that had broken down with a target in the 92,000 area, though I was expecting that H&S to reject back up into the highs, and over last weekend Bitcoin broke down into a low at 97.7k.

On the face of it that was looking promising for the H&S to reach target but in my premarket video on Monday I put the case against that, on the basis that so far at least, this was looking like a backtest of the daily middle band as part of a bullish consolidation. In my premarket video on Tuesday I had drawn in the obvious bull flag setups on both Bitcoin and Solana (SOLUSD).

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Crypto – So Now What?

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In my last post on Friday I was saying that Bitcoin (BTCUSD) had just broken over the previous week’s high at 102.7k and, as I noted on Monday 13th Jan, that was the right shoulder high on the H&S that had broken down. The break up on Friday invalidated that H&S and that break fixed a target at the retest of the all time high at 108.4k.

That target at the retest of the all-time high was reached quickly amid a wild weekend with the launch of Trump and Melania’s astonishingly popular meme coins, and that leaves a possible large double top setup on Bitcoin that I am not taking particularly seriously at this stage.

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