Riding The Wave Weekly Outlook #109

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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/1755593864570605731

https://twitter.com/Matt_Hougan/status/1755607124217118975

https://twitter.com/WatcherGuru/status/1756012319723982886

https://twitter.com/therationalroot/status/1755981739342577917

https://twitter.com/DocumentingBTC/status/1755944355234214053

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What’s Happening Now?

Bitcoin(BTC)

Bitcoin has rallied far above 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)

On the daily time frame, Bitcoin has rallied to the midpoint of the 9th resistance region.

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

Ethereum(Eth)

Ethereum has rallied above its 8-week SMA.

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

Ethereum has reached the top of the 9th region.

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

Cardano(Ada)

Cardano has once again broken through its 8-week SMA.

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

On the daily time frame, ADA has stayed in the middle of the 6th region.

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

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Disclaimer: The information in this Newsletter is not financial, legal, or tax advice. I only trade on Etoro; if you are reached out to by people requesting you join a group or provide money, it is not me. My only public social media accounts are this Substack page, my Youtube page, my Twitter page, and my Etoro page; any others you see online are not me.