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.

Bang Bang Goes Bitcoin (by Pierre)

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There’s really no way to predict what Bitcoin (BTC) or any type of cryptocurrency will do in the wake of recent global events. From geopolitical tensions, rising inflation rates, and tightening monetary policies constantly leaving investors, traders, and major banks with a feeling of anxiety.

So far, we’ve seen a good deal of ups and downs hit the crypto market throughout 2022, and February was no different – marking a turbulent slump.

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Animal Spirits Check-In

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Since this (silly) three-day weekend has been foisted upon us, and we don’t get to trade again until Tuesday morning, I thought I’d do a crypto check-in, since that’s the only market going here on a Sunday morning which might give us some insight into the animal spirits, particularly with respect to geopolitical tensions.

As a person who is fairly heavily short assets, I am encouraged by Bitcoin’s rejection from its trendline. The beautiful head and shoulders top has been badly violated, almost to the point to which the pattern is moot, but my view is that crypto is still in a serious bear market.

btcdrop
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