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.
For the sake of simplicity, here is Bitcoin with the trio of exponential moving averages. I have hidden the drawn objects and even the price bars, just to make it austere and pristine.
Take a wild guess where you think crypto is heading long-term.
Thanks to the, ummm, holiday of Juneteenth, indexes were frozen in time as of yesterday (even though futures were permitted to be open). The four major indexes all tell me the same story: so long as prices do not exceed the horizontals I’ve drawn, we have a very real change of the first meaningful drawdown of the year. The stars have all lined up.
I seriously don’t know why they make me look like this. Anyway, here’s the show:
The market continues to vault to lifetime highs on a nearly daily basis, but my short positions are steadfast. Below I shown all of them, and the three losses (all tinted) which do exist are no greater than half a percentage point.
