Riding The Wave Weekly Outlook #29

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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

BREAKING: 🇷🇺 Vladimir Putin has signed a law banning #Bitcoin and #cryptocurrency as a means of payment in Russia.

Edgy - The DeFi Edge 🗡️ @thedefiedge

Warren Buffett & Charlie Munger used mental models as an edge to become the greatest investors in history. There are hundreds of mental models. I found 14 that will help you become a better Crypto Investor: (including common investing traps)

Δ @52kskew

OIL vs BTC

Watcher.Guru @WatcherGuru

JUST IN: Celsius Network owes users $4.7 billion according to the declaration CEO Alex Mashinsky submitted to bankruptcy court.

Bitcoin Archive 🗄🚀🌔 @BTC_Archive

💥JUST IN: New York Yankees employees can now convert salaries into #Bitcoin thanks to partnership w NYDIG.

Gold Telegraph ⚡ @GoldTelegraph_

BREAKING NEWS: CHINESE AUTHORITIES HELD EMERGENCY MEETINGS WITH BANKS AFTER GROWING ALARMED THAT AN INCREASING NUMBER OF HOMEBUYERS ACROSS THE COUNTRY ARE REFUSING TO PAY MORTGAGES Here we go...

Dan Morehead @dan_pantera

In DeFi, “a deal is a deal” – you can’t back out. Celsius was forced to prioritize paying down its $400mm+ loans on Maker, Aave, and Compound to avoid liquidation. There is no ability to “re-structure”/renege on smart contracts. Why DeFi works great: panteracapital.com/blockchain-let…

Blockworks @Blockworks_

NEW: Uniswap's token gets listed on Robinhood

tropoFarmer 🚽 @tropoFarmer

Proper wallet segregation can significantly mitigate the risk of your precious NFTs and crypto being stolen. Here's how I recently reorganized my wallets, utilizing ENS for easier management. 🧵👇🧵👇🧵👇🧵👇🧵👇🧵👇🧵👇

Blockworks @Blockworks_

🇬🇧 UK judge has given the approval for legal documents to be served via NFT

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What’s Happening Now?

Bitcoin touched the 200-week SMA but did not manage to break through.

Weekly Timeframe Bitcoin

On the daily time frame, we have continued bouncing between the previous support and resistance areas.

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