Riding The Wave Weekly Outlook #112

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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/MatthewHyland_/status/1762712410811470132

https://twitter.com/WClementeIII/status/1762899767946883265

https://twitter.com/APompliano/status/1763204118481354956

https://twitter.com/CL207/status/1763030630793957663

https://twitter.com/therationalroot/status/1763179108488360232

https://twitter.com/BTC_Archive/status/1763141849051504965

https://twitter.com/TechDev_52/status/1763353635843420347

https://twitter.com/MatthewHyland_/status/1763356427727356384

https://twitter.com/EricBalchunas/status/1763353066827342209

https://twitter.com/AltcoinDailyio/status/1763096373275369970

https://twitter.com/JohalMiles/status/1763334743930925540

https://twitter.com/JohalMiles/status/1763274138720895136

https://twitter.com/WatcherGuru/status/1763558762139246876

https://twitter.com/100trillionUSD/status/1763547197126156519

https://twitter.com/BTC_Archive/status/1763576114822234165

https://twitter.com/WClementeIII/status/1763615293010567648

https://twitter.com/WhaleFUD/status/1763606708717334712

https://twitter.com/BitcoinPierre/status/1763631462484414884

https://twitter.com/BTC_Archive/status/1763626443286745324

https://twitter.com/WClementeIII/status/1763603008271622232

https://twitter.com/ImNotTheWolf/status/1763539295930061042

https://twitter.com/MatthewHyland_/status/1763663697019281687

https://twitter.com/TechDev_52/status/1763749073499119654

https://twitter.com/MatthewHyland_/status/1763736890925093304

https://twitter.com/The_Old_Taylor/status/1763560758435282969

https://twitter.com/MacnBTC/status/1763594414385947084

https://twitter.com/thuhkang/status/1763633829967774031

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What’s Happening Now?

Bitcoin(BTC)

Bitcoin has rallied even farther nearing the highest price it reached in the last bull run.

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 currently finding support on the bottom of the 12th resistance region.

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

Ethereum(Eth)

Ethereum has continued to rally but is still a good distance away from last cycles ATH.

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 is seeing some resistance at the top of the 10th resistance region.

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

Cardano(Ada)

Cardano has pushed above its 200 week SMA for the first time since December although it hasn’t yet closed above it.

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 now at the top of the 7th 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.