Riding The Wave

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Riding The Wave
Riding The Wave
Riding The Wave Weekly Outlook #105

Riding The Wave Weekly Outlook #105

Jan 12, 2024
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Riding The Wave
Riding The Wave
Riding The Wave Weekly Outlook #105
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Welcome to Riding The Wave. If you have questions or feedback, please reply to this email. If you are new to the Newsletter, please check out what we provide on our about page and consider subscribing. Within the Newsletter, I provide News Summaries, Weekly Status Updates, & Deep Dive Articles on Specific Topics (Ex: How do I pick which coins/tokens to buy?). More details here

Table of Contents

  1. Tweets

  2. What’s Happening Now?

  3. What Might Happen Next?


Tweets

https://twitter.com/WatcherGuru/status/1745206691228975551

https://twitter.com/intocryptoverse/status/1745439062024974374

https://twitter.com/BTC_Archive/status/1745396554549145622

https://twitter.com/WatcherGuru/status/1745551202970919308

https://twitter.com/EricBalchunas/status/1745497991899713799

https://twitter.com/callieabost/status/1745557259327856738

https://twitter.com/EricBalchunas/status/1745774287938580519

https://twitter.com/WatcherGuru/status/1745811260803809341

https://twitter.com/BTC_Archive/status/1745801601200070832

https://twitter.com/CryptoKaleo/status/1745611609924305298


What’s Happening Now?

Bitcoin(BTC)

Bitcoin rallied this week but now appears to be preparing to retest its 8-week SMA for support.

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

On the daily time frame, Bitcoin has failed to stay within the 9th resistance region and has returned once again to the 8th.

Daily Timeframe Bitcoin. Red/blue boxes are potential area support/resistance
Ethereum(Eth)

Ethereum has rallied off of its 8-week SMA and the successful passing of the BTC ETF.

Eth Weekly Timeframe Ethereum

On the daily time frame, Ethereum has broken into the 10th region and looks to be testing for support.

Daily Timeframe Ethereum. Red boxes are potential areas of support/resistance
Cardano(Ada)

Cardano has rallied after finding support on of its 8-week SMA.

Weekly Timeframe Cardano

On the daily time frame, ADA is still in the middle of the 6th region

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

What Might Happen Next?

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