Riding The Wave Weekly Outlook #25

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Table of Contents

1. Tweets

2. What’s Happening Now?

3. What Might Happen Next?

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Tweets

Miles Deutscher @milesdeutscher

Keep an eye on these assets. These are 3AC’s primary holdings. They’ll presumably look to dump during upcoming unlocks.

June 16th 2022

1,053 Retweets3,961 Likes

Plan©️ @TheRealPlanC

Even though #Bitcoin is oversold on basically every onchain metric & TA indicator, it is very hard to call our current level the bottom, because of the current #Crypto contagion risk level.

June 17th 2022

30 Retweets328 Likes

The Kobeissi Letter @KobeissiLetter

This market is not rocket science. You have a Fed raising rates at the most aggressive pace in history into a recession. Then, you have 8.6% inflation and a housing market that has topped. The Fed knows we are in a recession and they are making it worse. Bumpy road ahead.

June 17th 2022

48 Retweets318 Likes

Charles Hoskinson @IOHK_Charles

I just received a formal invitation to speak before the U.S. House of Representatives Committee on Agriculture about Blockchain and Cryptocurencies. It will be live June 23rd at 10:30 AM EST if anyone wants to watch it over YouTube.

June 17th 2022

2,784 Retweets15,722 Likes

Plan©️ @TheRealPlanC

1/25 - Part 1, The Real #Celsius Story. Please Retweet 🙏 #Crypto #Bitcoin

June 16th 2022

1,131 Retweets1,984 Likes

Watcher.Guru @WatcherGuru

JUST IN: Regulators in Alabama, Kentucky, New Jersey, Texas, and Washington have launched investigations into Celsius Network.

June 16th 2022

307 Retweets2,150 Likes

The Kobeissi Letter @KobeissiLetter

The average bear market lasts 9.6 months and falls 35%. We are just 6.5 months in and down 23%. Now throw in the most hawkish Fed in decades with 8+ rate hikes and a recession. How much lower does this go?

June 16th 2022

210 Retweets1,175 Likes

Plan©️ @TheRealPlanC

JUST IN: #Celsius has lowered their liquidation level to 13.6k. #Crypto #Bitcoin

June 16th 2022

160 Retweets1,296 Likes

Bitcoin Archive 🗄🚀🌔 @BTC_Archive

💥ELON MUSK: it makes sense to integrate #Bitcoin and crypto payments into Twitter.

June 16th 2022

1,126 Retweets9,191 Likes

Dennis Porter @Dennis_Porter_

BREAKING: Research paper finds that #Bitcoin transactions are “up to 1,000,000 times more energy efficient” than the legacy system.

June 16th 2022

797 Retweets5,058 Likes

The DeFi Edge 🗡️ @thedefiedge

One of the LARGEST Crypto Venture Capital firms: Three Arrows Capital. They're becoming insolvent. With potentially $18b under management, this could be catastrophic for Crypto. Here's a timeline of what's going on and the possible consequences: ↓↓↓

June 16th 2022

3,734 Retweets12,822 Likes

Bitcoin Archive 🗄🚀🌔 @BTC_Archive

💥BREAKING: 75% of U.S retailers will accept #Bitcoin and crypto in two years - Deloitte

June 16th 2022

895 Retweets5,783 Likes

Josh @CryptoWorldJosh

JUST IN: Jerome Powell said, "either a 0.50% or 0.75% increase seems most likely at our next meeting".

June 15th 2022

10 Retweets86 Likes

Sean @TeamTravisS

Pay attention!!! This collab is massive!! How many projects are doing collabs with such established brands!?!? Not many that's for sure! This is soooo early for FBM also! If we're able to land such a big collab now, imagine what the future holds! @FancyBearsMeta https://t.co/weNglggYoT

June 16th 2022

52 Retweets100 Likes

Watcher.Guru @WatcherGuru

JUST IN: 🇬🇧 UK's digital minister, Chris Philp, says the country intends to be a global #crypto center.

June 16th 2022

812 Retweets4,490 Likes

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What’s Happening Now?

Bitcoin has broken below the bottom of the logarithmic growth curve it tends to follow (a relatively rare event) and is finding support at the previous cycle high of approx $19,500 per Bitcoin.

Weekly Timeframe Bitcoin

On the daily time frame, we have clearly found support at one of our last support levels based on historical price data. If we fell lower we would break a macro trend of never going below previous cycles’ highest price leading to price discovery downwards or a strong bounce.

Daily Timeframe Bitcoin. Red/blue boxes are potential areas of support/resistance, blue line represents downtrend we seem to be following, yellow line represents 200 week SMA, white line represents potential support that is trending up due to people averaging in over time

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What Might Happen Next?