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.

Maybe BTC Will Help

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I believe the main question before us is simple: how high will the bounce go, and how long will it last? OK, that sounds like two questions, but it’s really one super-question. I feel highly confident that the end of the bounce will take place within the next ten trading days – – probably WELL within – – but it’s important to try to get this right. I suggest let’s keep an eye on Bitcoin as a proxy for the general zeitgeist out there. Yeah, I know, it isn’t a stock index, but it’s the psyche I want to follow, not a specific instrument.

The Rantings of Lunatics

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Look, I try to be careful when I say anything about Bitcoin, because these HODL freaks make Scientologists look positively sensible. I must share, however, the latest ramblings of these nut-jobs, who actually think speculating on the price of something over a quarter century from now isn’t an abject waste of time. Good God, these people are insane.

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Break Up On Crypto

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All the new weekly pivots are on the daily charts posted below.

The last few days I have been watching the resistance at the daily middle band on all three of BTCUSD (Bitcoin), ETHUSD (Ethereum) and SOLUSD (Solana). An H&S pattern had formed and broken down on Solana, and another was still forming on Ethereum. If resistance at those daily middle band held then the setup was likely to break down further, into targets of 119 on Solana and 2,250 on Ethereum. On a sustained break up over those daily middle bands, and the failure of the H&S pattern on Solana on a break back up over the H&S right shoulder high at 152.17.

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Crypto Still In The Inflection Point

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Last week I was writing about the inflection point that Crypto had reached short term, and they are still in that same inflection point, with a decision really needed in the next day or two if Crypto are going down any further, so a couple of days more uncertainty will considerably increase the odds of a break up.

The overhead resistance is, mostly, at the daily middle bands. I say mostly because BTCUSD (Bitcoin) has already broken back above it on Monday and tested the 50dma, though it failed there and closed back below the daily middle band yesterday and so failed to confirm Monday’s break above.

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