Riding The Wave Weekly Outlook #111

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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/WClementeIII/status/1760690791717241004

https://twitter.com/BTC_Archive/status/1760764061397201354

https://twitter.com/BTC_Archive/status/1761047502982173062

https://twitter.com/BTC_Archive/status/1761115335074193910

https://twitter.com/WatcherGuru/status/1761112782253240810

https://twitter.com/WhaleFUD/status/1761050166851723568

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What’s Happening Now?

Bitcoin(BTC)

Bitcoin’s rally has taken a breather but it is still far from any support beyond the demand it is seeing via ETF’s.

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 found resistance at the top of the 10th resistance region.

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

Ethereum(Eth)

Ethereum has continued rallying 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 stayed in the middle of the 10th region.

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

Cardano(Ada)

Cardano is still between its 8-week SMA and its 200-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 is still near the top 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.