I wanted to share my 15 minute charting segment with you today because I go on a mini-rant about crypto, and sharing that impromptu moment will save me the time and trouble of writing about it here. Plus, there are plenty of good charts and commentary besides the rant!
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.
Super-BTC Proxy
It’s no surprise that Microstrategy (MSTR) are Bitcoin ($BTC) are pretty much in lockstep, since MSTR has essentially changed from a software company into a giant Bitcoin holding trust.
Mara Had a Little Lame
My point here is a simple one: if a company like Marathon Holdings (symbol MARA) has one and only one purpose in life – – mining crypto – – and, during a day in which $BTC is up thousands of dollars to a lifetime high – – it is NOT a good sign that the stock is down! As the old saying goes, “If something is down, and it should be up, sell it!”
Non-Junk Alt-Coins
After trying to beat $70k and repeatedly failing, Bitcoin finally did the deed over the weekend and is now very safely into seventy-k territory. It has moved hundreds of percent higher over the past couple of years, and the question now is when the sellers will overwhelm the buyers. That’s the trick about lifetime highs: it’s pure musical chairs at this point.
Is 70K Performative?
Bitcoin keeps breaking to lifetime highs………..and then keeps selling off. There’s no doubt $BTC is doing great, but it isn’t exactly following through with any of these headline-grabbing rallies.
