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.

Perfect Inflection Point on Crypto

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In my last post on Monday 9th June I was looking at the bull setup on Crypto and that was looking very promising, and still looks promising, but I did note that Solana still needed to break back over the 50dma daily middle band and the daily middle band and convert them to support to open the upside.

That didn’t happen, with a closing break over the middle band that rejected the next day. From there Solana made a slightly lower low in the 140-3 support area. Solana then retested the daily middle band again yesterday, and so far is failing there again.

The short term bull case depends on all of Bitcoin (BTCUSD) , Solana (SOLUSD) and Ethereum (ETHUSD) converting and holding their daily middle bands as support and, at the time of writing, all are currently below their respective middle bands.

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Raining on My Perede

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One of these days I’m going to finally realize that Weekend IG information is not the least bit indicative of what the Sunday open is going to be like. All weekend long, IG was showing the Dow down a couple hundred points in the face of continued Israeli/Iran nastiness. Not to say that the endless hostility in the middle east had no effect, since it did briefly launch crude oil into the same kind of spike it had Thursday evening.

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