The bit in red is where you are going wrong. You seem to be saying that

, and that is not true. It's the x that is raised to the power 4, not the 5.
It is correct that the derivative of

is

. So for example, if you take x=2, that corresponds to the point (2,32) on the graph of

. The slope at that point is

. The same sort of calculation will give you the slope of the graph for any other value of x.
Edit. Deadstar has just said the exact same thing, even using the same example of taking x=2. Coincidence!