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.

Crypto Still In The Inflection Point

By -

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.

(more…)

Crime Scene Bear

By -

There have been a couple of very decent looking short setups here on SPX and NDX this week, and both times the markets just ripped up through them. The bear flags formed and broke up, the SPX, NDX and INDU broke back up over their daily middle bands and are now testing their monthly pivots, while multiple hourly sell signals that had fixed at these obvious resistance levels failed, including two each on ES and NQ. Altogether it was an ugly week for the bears.

(more…)

Either/Or Setup on Crypto Here

By -

In the short term there are very clear bull and bear scenarios here on Crypto, clearest on SOLUSD (Solana), though on the bigger picture these are still likely bull flags forming.

In terms of that larger picture, resistance is still at the daily middle bands, and on BTCUSD (Bitcoin) that is currently in the 61,246 area. A sustained break above that likely signals that the move to retest the all time high at 73.8k is in progress.

BTCUSD daily chart:

(more…)