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.

Small H&S On Bitcoin

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Bitcoin (BTCUSD) has been retracing for a couple of days now and I mentioned on the premarket video yesterday morning that a possible small H&S was forming that might deliver some more downside. Since then that H&S has finished forming and has broken down with a target in the 63,500 area.

Now there is always a chance of course that an H&S may reject back up to the high, and if we see that here, this H&S would fail with a target back at a retest of the last high at 69.5k on a break back over the right shoulder high at 67,801.

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Yeah. Finally.

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Years ago, ZH was my hero. Their voice – – and it was a loud one – – said the kinds of things I wanted to say. They used to think crypto was idiotic, that stocks were overvalued, that Goldman Sachs was the anti-Christ (more specifically, a vampire squid), and they did it all without politics.

These days, every single thing is reversed. They WORSHIP Goldman Sachs. They are permabulls to the Nth degree. They think crypto is going to save the world. And, as for politics, their comments section is like a national Klan convention.

A tidbit of this was experienced earlier today, when they were cheering on Bitcoin’s ascent, while they mocked any skepticism about its imminent lifetime highs.

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Hard Break Up On Crypto

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Yesterday afternoon I sent a quick update post to all the subscribers at my Crypto SubStack to warn them that there was now a high quality bull flag setup on Bitcoin (BTCUSD) that on a break up would look for a target at a retest of the September high at 66.5k. I also noted that the hourly RSI 14 sell signal that had formed and fixed as Bitcoin was hitting flag resistance had reached the possible near miss target. I was thinking of circulating this more widely but SubStack was having issues yesterday afternoon, so I thought I’d just cover this in a post today.

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Bitcoin Made Target And Reversed Hard

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In my last post on Crypto I was looking at the overall setup on Crypto and the short term H&S patterns on Bitcoin (BTCUSD) and Solana (SOLUSD). Those short term setups are played out now (more details below) and we have been seeing strong rallies across the board which could be the start of a larger break up.

This is a match with what I am seeing on equities, which may be starting a general break up here though, as with Crypto, more needs to be done to the upside to deliver that break up.

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