Riding The Wave Weekly Outlook #104

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Table of Contents

1. Tweets

2. What’s Happening Now?

3. What Might Happen Next?

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Tweets

https://twitter.com/BTC_Archive/status/1742656004339184111

https://twitter.com/callieabost/status/1742659677912170771

https://twitter.com/nickgerli1/status/1742612124860383388

https://twitter.com/scottmelker/status/1742522738470690930

https://twitter.com/WatcherGuru/status/1742930822859276458

https://twitter.com/BTC_Archive/status/1742902038168527275

https://twitter.com/100trillionUSD/status/1742853403561127995

https://twitter.com/unusual_whales/status/1742924344291115195

https://twitter.com/BitcoinNewsCom/status/1742931391703142766

https://twitter.com/jayparsons/status/1742925447409947099

https://twitter.com/BitcoinNewsCom/status/1742982614120874127

https://twitter.com/WhaleChart/status/1743258273652896189

https://twitter.com/EricBalchunas/status/1743373869744902178

https://twitter.com/BTC_Archive/status/1743304642728014276

https://twitter.com/BTC_Archive/status/1743379648073904178

https://twitter.com/WhaleChart/status/1743380107912208800

https://twitter.com/WClementeIII/status/1743377998412177650

https://twitter.com/unusual_whales/status/1743376323979153747

https://twitter.com/JSeyff/status/1743387665536311534

https://twitter.com/Dogetoshi/status/1743383862124687826

https://twitter.com/EricBalchunas/status/1743388368094756929

https://twitter.com/EricBalchunas/status/1743395565738582182

https://twitter.com/BTC_Archive/status/1743389362908270856

https://twitter.com/KobeissiLetter/status/1743268608157876613

https://twitter.com/JSeyff/status/1743410289607885063

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What’s Happening Now?

Bitcoin(BTC)

Bitcoin has bounced upwards after finding support on its 8 week SMA.

Weekly Timeframe Bitcoin (pink line = 8 week SMA, green line = 20 week SMA, yellow line = 50 week SMA, red line = 200 week SMA)

Bitcoin is continuing to have a difficult time breaking through the top of the 8th resistance region.

Daily Timeframe Bitcoin. Red/blue boxes are potential area support/resistance

Ethereum(Eth)

Ethereum is continuing to find support on its 8 week SMA after shortly dropping below it.

Eth Weekly Timeframe Ethereum

On the daily time frame Ethereum is still in the 9th region as it has failed to break into the 10th region.

Daily Timeframe Ethereum. Red boxes are potential areas of support/resistance

Cardano(Ada)

Cardano has found support on its 8 week SMA after failing to break through its 200 week SMA.

Weekly Timeframe Cardano

On the daily time frame, Ada is back in the middle of the 6th region after failing to break into the 7th region.

Daily Timeframe Cardano. Red boxes are potential areas of support/resistance

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What Might Happen Next?