Riding The Wave Weekly Outlook #12

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Table of Contents

1. Tweets

2. What’s Happening Now?

3. What Might Happen Next?

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Tweets

Watcher.Guru @WatcherGuru

JUST IN: New York court has denied the SEC’s motion to strike #Ripple’s fair notice affirmative defense.

Root 🥕 @therationalroot

Still very likely the macro-bottom is in. #Bitcoin

Dylan LeClair 🟠 @DylanLeClair_

Another 30,000 $BTC taken off of Coinbase yesterday.

kuntah ⚡ @paulewaulpaul

Watch all the indicators. 👀 #btc This chart shows some well-known top and floor models combined. #Bitcoin @glassnode @dpuellARK @woonomic @intocryptoverse @TheRealPlanC

Steve ⚡ @decodejar

You decide #Bitcoin

Plan©️ @TheRealPlanC

We are not out of the woods yet. #Bitcoin #Crypto 🟩 Bullish = Greater than 1 🟥 Bearish = Less than 1 🟥 0.23 = Currently

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What’s Happening Now?

Bitcoin is continuing to fail to break through the 8 week SMA although it is making some strong attempts (as can be seen by the wicks on the chart below).

Weekly Timeframe Bitcoin

We have continued to hold the support line we drew out last week (pictured below) gradually trending up in price. We have also failed to break back up to the top of the red area of resistance we were previously reaching.

Daily Timeframe Bitcoin. Red/blue boxes are potential areas of support/resistance, the red line shows potential area of support