Riding The Wave

Riding The Wave

Share this post

Riding The Wave
Riding The Wave
Riding The Wave Weekly Outlook #44

Riding The Wave Weekly Outlook #44

Thomas Holland's avatar
Thomas Holland
Oct 21, 2022
∙ Paid
1

Share this post

Riding The Wave
Riding The Wave
Riding The Wave Weekly Outlook #44
Share

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 @unusual_whales
unusual_whales @unusual_whales
Some 91% of U.S. CEOs are “convinced” a recession is on its way in the next 12 months, according to a KPMG survey of 1,325 CEOs.
2:01 PM ∙ Oct 21, 2022
441Likes103Retweets
Twitter avatar for @unusual_whales
unusual_whales @unusual_whales
Investors now expect Fed to raise rates to 5% next year, per FT.
2:10 PM ∙ Oct 21, 2022
522Likes74Retweets
Twitter avatar for @Blockworks_
Blockworks @Blockworks_
Google has embraced Web3. But their crypto journey didn't start this year. Let's take a look 🧵 (In chronological order)
2:55 PM ∙ Oct 21, 2022
562Likes152Retweets
Twitter avatar for @Blockworks_
Blockworks @Blockworks_
Binance US hires former FBI agent BJ Kang as Head of Investigations - Wall Street Journal
7:05 PM ∙ Oct 20, 2022
207Likes30Retweets
Twitter avatar for @WatcherGuru
Watcher.Guru @WatcherGuru
JUST IN: 🇺🇸 Average 30-year fixed mortgage rate rises to 7.37%, a new 22-year high.
8:17 PM ∙ Oct 20, 2022
3,047Likes623Retweets
Twitter avatar for @Blockworks_
Blockworks @Blockworks_
Tether USD₮ to be available in over 24,000 ATMs across Brazil
4:43 PM ∙ Oct 20, 2022
460Likes81Retweets
Twitter avatar for @Blockworks_
Blockworks @Blockworks_
Coinbase removes commission fees for customers buying or selling USDC via any fiat currency
2:06 PM ∙ Oct 20, 2022
869Likes146Retweets
Twitter avatar for @bicyclecards
Bicycle Cards @bicyclecards
It’s official. We aped in. See you on the moon. 🚀 (1/3) decrypt.co/112202/why-137…
Image
6:07 PM ∙ Oct 19, 2022
4,237Likes964Retweets
Twitter avatar for @Blockworks_
Blockworks @Blockworks_
Reddit users created 3 million crypto wallets to scoop up Polygon NFTs Via @decryptmedia
4:48 PM ∙ Oct 19, 2022
301Likes41Retweets
Twitter avatar for @Blockworks_
Blockworks @Blockworks_
Fidelity will allow institutions to buy, sell and trade Ethereum on its crypto platform starting Oct 28 Source: @strack_ben
9:17 PM ∙ Oct 19, 2022
1,587Likes328Retweets
Twitter avatar for @unusual_whales
unusual_whales @unusual_whales
JUST IN: Average 30 year mortgage rates hit 7.22%, a 22-year high.
7:49 PM ∙ Oct 19, 2022
5,867Likes1,220Retweets
Twitter avatar for @KobeissiLetter
The Kobeissi Letter @KobeissiLetter
BREAKING: S&P 500 FUTURES MARK 90 POINT REVERSAL, $VIX FUTURES TRADE DOWN. Nothing adds up.
4:45 PM ∙ Oct 19, 2022
581Likes54Retweets
Twitter avatar for @KobeissiLetter
The Kobeissi Letter @KobeissiLetter
Current situation: 1. Treasury yields officially above 2008 high 2. Mortgage demand at fresh 25 year low 3. Housing prices falling at fastest rate since 2011 4. Inflation near 10% for the entire year 5. GDP down 2 straight quarters There is no debate, we are in a recession.
12:58 PM ∙ Oct 19, 2022
1,354Likes314Retweets
Twitter avatar for @WatcherGuru
Watcher.Guru @WatcherGuru
JUST IN: $510,000,000 worth of #Bitcoin options expire Friday.
4:31 PM ∙ Oct 19, 2022
6,425Likes1,029Retweets

What’s Happening Now?

Bitcoin(BTC)

Bitcoin has continued moving sideways, just below its 8-week SMA.

Weekly Timeframe Bitcoin

On the daily time frame, we have continued at the top of the 2nd resistance area. We have also broken the diagonal downtrend, although we may still break down if extremely negative news were to come out.

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

Ethereum(Eth)

Ethereum is still just barely above its 200-week SMA.

Weekly Timeframe Ethereum

On the daily time frame, we have continued to move sideways at the bottom of the 7th resistance area.

Daily Timeframe Ethereum. Red boxes are potential areas of support/resistance, the blue line represents the downtrend we seem to be following

Cardano(Ada)

Cardano has dropped down farther below the 4 SMA’s we are tracking.

Weekly Timeframe Cardano

On the daily time frame, Ada has broken downwards in price, continuing to follow the horizontal downtrend.

Daily Timeframe Cardano. Red boxes are potential areas of support/resistance, the blue line represents the downtrend we seem to be following.

What Might Happen Next?

Keep reading with a 7-day free trial

Subscribe to Riding The Wave to keep reading this post and get 7 days of free access to the full post archives.

Already a paid subscriber? Sign in
© 2025 Thomas Holland
Privacy ∙ Terms ∙ Collection notice
Start writingGet the app
Substack is the home for great culture

Share