Riding The Wave Weekly Outlook #37

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Table of Contents

1. Tweets

2. What’s Happening Now?

3. What Might Happen Next?

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Tweets

Plan©️ @TheRealPlanC

Long-Term #BTC Investor DCA Cheat Sheet 96-Days | 2015 52-Days | 2018 60-Days | 2022 #Bitcoin #Crypto

Watcher.Guru @WatcherGuru

JUST IN: #Cardano Vasil hard fork upgrade officially scheduled for September 22nd.

The Kobeissi Letter @KobeissiLetter

Economic update: 1. Mortgage rates at highest since 2009 2. Credit card debt up over 30% this year 3. Fed is raising rates into a credit bubble 4. Geopolitical tensions and trade war return 5. Commodity prices making basic needs unaffordable Recession is an understatement.

Bitcoin Magazine EDU @BitcoinMagEDU

#Bitcoin benefits from multiple layers of “network effects” just like the internet, smartphones, and social media. Adoption grows exponentially 🚀

Dylan LeClair 🟠 @DylanLeClair_

Dollar screaming higher. Sovereign debt bubble.

Plan©️ @TheRealPlanC

The last 3 times this cross occurred it was 2-8 days before the #Bitcoin macro bottom. This cross occurred again 8 days before the current #BTC low. 2011 | 2 Days Before 2015 | 8 Days Before 2018 | 2 Days Before June 18 | 8 Days Before 👈

Watcher.Guru @WatcherGuru

JUST IN: 🇺🇸 US Dollar Index hits 20-year high of 109.55

Wall Street Silver @WallStreetSilv

Global real household incomes are crashing… Everything is fine 🔥🔥🔥

Alf @MacroAlf

China just locked Chengdu (21 million people city) down. It’s a pretty relevant hub for the electronics and auto components supply chain. Another stagflationary episode, and more headaches for Central Bankers?

The Kobeissi Letter @KobeissiLetter

Just as it appeared things couldn’t get worse, geopolitical tensions are back. The US just announced that computer chip sales to China and Russia will be restricted. Once this happens, inflation is set to soar as supply chain issues worsen. We are on the verge of a depression.

Root 🥕 @therationalroot

My favorite two bottom indicators just crossed. #Bitcoin

Watcher.Guru @WatcherGuru

JUST IN: #Binance US confirms it will support Ethereum’s merge to proof-of-stake.

Callie Cox @callieabost

Bad news😢 The S&P 500's worst month of the year has been September based on average returns historically. More bad news😢😢 The last four times when the S&P 500 fell 10% or more YTD through the end of August, it also dropped 8% or more in September.

Bitcoin Archive 🗄🚀🌔 @BTC_Archive

💥EL SALVADOR: President Bukele announced that Bitcoin Beach will get +$203m infrastructure investment.

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What’s Happening Now?

Bitcoin is still below all 4 of the moving averages we are tracking and is moving sideways at the moment.

Weekly Timeframe Bitcoin

On the daily time frame, we are resting at the top of the 2nd lowest resistance area and the bottom of the 3rd. The test of the diagonal downtrend will happen during this month (approx Sept. 25th) if we move sideways from our current price.

Daily Timeframe Bitcoin. Red/blue boxes are potential area support/resistance, blue line represents downtrend we seem to be following, yellow line represents 200 week SMA

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What Might Happen Next?