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.
A week ago, when I did a post titled simply and plainly Coinbase Bullish, folks must have wondered if they have stumbled on to the wrong site. It looks like this classic bullish pattern worked out quite nicely, though, as bald Brian proudly attests.
Something very odd is going on.
First off, crypto has gone positively ape. A year ago, the entire crypto space seemed dead and buried. Now it’s the hottest thing in pants. Bitcoin has gone up about $5,000 in just the past few days, and it’s hardly taking a breath. I would remind folks visiting this site that Slope has a lot of cool crypto stuff, and you can check out our Best Pages For You guide to see them.
Crypto has become the hottest thing again. Who ever thought this would happen a year ago? I bet SBF is pulling his curly hair out, since their company would have been FINE if they had just been left alone!
I am typing this post in advance of publishing it, so I’m not sure if the chart will be much different, but I wanted to point out the rather important $2200 level on Ethereum ($ETH). This level was the neckline for the exceptional head and shoulders top that broke down in May 2022, and it is also the top line for the bullish right triangle pattern in formation right now. So this line in the sand will be an important determinant of crypto gets a whole new head of steam going higher, because a successful push above this right triangle would be bullish.
Yes, I’m actually going to type something bullish about Bitcoin, but hear me out. I was struck by the good-looking pattern on BITO, which is one way to go long Bitcoin without actually having a crypto account.
