Riding The Wave

Riding The Wave

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Riding The Wave
Riding The Wave
Riding The Wave Weekly Outlook #27

Riding The Wave Weekly Outlook #27

Thomas Holland's avatar
Thomas Holland
Jul 01, 2022
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Riding The Wave
Riding The Wave
Riding The Wave Weekly Outlook #27
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Welcome to Riding The Wave. If you have questions or feedback, please reply to this email. If you are new to the Newsletter, please check out what we provide on our about page and consider subscribing. Within the Newsletter, I provide News Summaries, Weekly Status Updates, & Deep Dive Articles on Specific Topics (Ex: How do I pick which coins/tokens to buy?). More details here

Table of Contents

  1. Tweets

  2. What’s Happening Now?

  3. What Might Happen Next?


Tweets

Twitter avatar for @rektcapital
Rekt Capital @rektcapital
Once #BTC ends its "Downtrend Acceleration" phase in search of a Bear Market Bottom... It will enter is "Multi-Month Consolidation" phase $BTC #Crypto #Bitcoin
9:09 AM ∙ Jul 1, 2022
195Likes18Retweets
Twitter avatar for @WClementeIII
Will Clemente @WClementeIII
Bottoming/accumulation signals everywhere, Major funds/lenders going bust, Worst quarter ever, Nocoiner haters dunking on us, Whole timeline saying this time is different. If we are finding an accumulation zone, will likely still see months of boring & capitulation through time.
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1:50 AM ∙ Jul 1, 2022
1,492Likes206Retweets
Twitter avatar for @BTC_Archive
Bitcoin Archive 🗄🚀🌔 @BTC_Archive
#Bitcoin is about to close -40% in June - the worst month ever! 🤨
Image
9:20 PM ∙ Jun 30, 2022
4,776Likes797Retweets
Twitter avatar for @Travis_Kling
Travis Kling @Travis_Kling
I've been doing these for 46 straight months and I've never seen one like this before.
Image
11:54 PM ∙ Jun 30, 2022
5,469Likes1,167Retweets
Twitter avatar for @WatcherGuru
Watcher.Guru @WatcherGuru
Deutsche Bank predicts #Bitcoin will reclaim $28,000 by the end of 2022.
5:05 PM ∙ Jun 30, 2022
5,203Likes680Retweets
Twitter avatar for @WatcherGuru
Watcher.Guru @WatcherGuru
JUST IN: 🇸🇻 El Salvador has purchased an additional 80 #BTC ($1,520,000) at an average of $19,000 per coin.
1:07 AM ∙ Jul 1, 2022
8,355Likes1,115Retweets
Twitter avatar for @donnelly_brent
ʎllǝuuop ʇuǝɹq @donnelly_brent
6-month change in US 30-year mortgage rate, 1999 to now
Image
2:28 PM ∙ Jun 30, 2022
440Likes73Retweets
Twitter avatar for @TheRealPlanC
Plan©️ @TheRealPlanC
Puts things in perspective, @AurelienOhayon 👏 #Crypto #Bitcoin
Twitter avatar for @AurelienOhayon
TAnalyst @AurelienOhayon
In the Stock Market (#SPX), since 1877, only 4 years have had a 1st half as bad as the current one. 1877, 1932, 1962, 1970 and now 2022. ALL OF THEM HAD A POSITIVE 2ND SEMESTER. Conclude. #Bitcoin is highly correlated to the stock market : the second half will be bullish. https://t.co/BpZRQR57dj
3:06 AM ∙ Jun 30, 2022
250Likes35Retweets
Twitter avatar for @Pentosh1
Pentoshi Powell Jr 🔺🐧 @Pentosh1
In regards to price. We can approach bottom, yes maybe $BTC goes to 12-14k and thus overall value can be found. In regards to time, it could take 2 years of nothingness. History across many assets has proven this time and time again. Assume your patience is tested as base case
1:28 PM ∙ Jun 30, 2022
1,488Likes130Retweets
Twitter avatar for @VailshireCap
Dr. Jeff Ross (Pleb counselor) @VailshireCap
#bitcoin still just chillin' on the underside of its 200-week moving average. 👀
Image
10:24 PM ∙ Jun 29, 2022
301Likes25Retweets

What’s Happening Now?

Bitcoin hasn’t pushed above the 200-week SMA and is instead staying in the $22,000 - $17,000 range.

Weekly Timeframe Bitcoin

On the daily time frame, we appear to have fallen below the second-lowest resistance/support line and we are now having trouble pulling above it.

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

What Might Happen Next?

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