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 Low Looking Good

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I’m probably going to start writing a post every Monday morning on cryptos. That’s a good day to do it because the pivot week on cryptos ends on Sunday night, so the weekly pivots on the daily charts I post on Monday mornings will be the new ones.

BTCUSD made an interesting looking low a few days ago and I wrote a post that day about the possible bull flag low that might now be in. Since then on BTCUSD the possible RSI 5 buy signal has fixed and BTCUSD has rallied well to break back over the daily middle band yesterday. If that is converted into support then the next obvious target will be bull flag megaphone resistance, currently in the 71,300 area. On a break above that the bull flag target would be a retest of the all time high not far above.

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Beware Of The Balrog

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Last week I was looking at the decent looking resistance trendlines and growing mass of negative RSI divergence on both SPX and NDX. Over the course of the last week first the SPX resistance trendline broke, though this could still be a bearish overthrow, and then the daily RSI 14 sell signal failed on Friday, and then the SPX RSI 5 sell signal failed yesterday. That is very unusual and does not favor a significant high being made here.

SPX daily chart:

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