Riding The Wave Weekly Outlook #115

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Table of Contents

1. What’s Happening Now & What Might Happen Next?

2. Tweets

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What’s Happening Now & What Might Happen Next?

Bitcoin has dropped down to $63k below the top of the bollinger band. With the halving event less then a month out we may consolidate within this price range.

Compared with the previous halving event, we didn’t see similar behavior, but moving back to 2016, we did see Bitcoin close above the Bollinger band before dropping prior to the halving event.

When this occurred Bitcoin consolidated and did not reach new all time highs for almost 6 months.

With the current financial environment, I would be surprised to see this happen, but with us closing below the EMA ribbons, I would expect us to see a downtrend or, at minimum, some consolidation for a few days to weeks.

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Tweets

https://twitter.com/intocryptoverse/status/1770493637618467193

https://twitter.com/woonomic/status/1770768655078346960

https://twitter.com/tboydsto/status/1770582303317655995

https://twitter.com/EricBalchunas/status/1770793028631888207

https://twitter.com/caprioleio/status/1770734148304441843

https://twitter.com/DylanLeClair_/status/1770791563196502332

https://twitter.com/MatthewHyland_/status/1770609648774648046

https://twitter.com/CoinbaseInsto/status/1770600966703947996

https://twitter.com/rektcapital/status/1770864644934049793

https://twitter.com/rektcapital/status/1770869968160108608

https://twitter.com/OnChainCollege/status/1770883783060816083

https://twitter.com/intocryptoverse/status/1770911647969714267

https://twitter.com/woonomic/status/1771016255866290577

https://twitter.com/ki_young_ju/status/1771038205623865426

https://twitter.com/RadarHits/status/1771255156664897740

https://twitter.com/BitcoinNewsCom/status/1770918305286541550

https://twitter.com/OnChainCollege/status/1771232829537476748

https://twitter.com/woonomic/status/1771357138469916926

https://twitter.com/intocryptoverse/status/1771207651055005752

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