Riding The Wave Weekly Outlook #49

Nov 25, 2022

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Tweets
What’s Happening Now?
What Might Happen Next?

Tweets

Crypto Snooper 🔎 @CryptoSnooper_

🚨 MetaMask Tracking IP Address 🚨 Consensys, the company that owns MetaMask, just updated its Privacy Policy to state that they are collecting your IP ADDRESS and your ETH ADDRESS when you send a transaction. Source: consensys.net/privacy-policy Your options 🧵 ↓ 1/4

The Kobeissi Letter @KobeissiLetter

Latest Layoffs: 1. Twitter: 75% of employees 2. Meta: 11,000 employees 3. Amazon: 10,000 employees 4. HP: 6,000 employees 5. Robinhood: 30% of employees 6. Intel: 20% of employees 7. Snapchat: 20% of employees 8. Apple: Hiring freeze Corporations are signaling recession.

Salmander 🦎 $85 @Salmander0

Is there a partnership in the works between BAYC and Clay Nation? • The official @BoredApeYC account retweeted Clay Nation yesterday. • Champ and Snoop Dogg are heavily involved in both projects • @claymates have a history of landing large partnerships

Autism Capital 🧩 @AutismCapital

A source has shared that FTX and Sam use M Group SC as their PR agency. They share that M Group has previously worked closely with Andrew Sorkin and the NYT to publish articles for PR purposes. They believe that this may explain the recent softer articles. odwyerpr.com/story/public/1…

Adam Cochran (adamscochran.eth) @adamscochran

Wow the Metamask stuff is worse than it even looked at first. Not just collecting data when you send a tx - the moment you unlock the wallet it records ALL your addresses under the same IP. This database creates a MAJOR doxxing risk in the space. Time to ditch MM.

Micah Zoltu @MicahZoltu

@statelayer Their policy needs to be updated to say: As soon as you unlock your account, Infura will collect your IP address and *all* of your addresses. Also, when you connect a ledger it will send all of those addresses to Infura as well. https://t.co/1MnmhKWp9i

FatMan @FatManTerra

🧵 A verified insider has confirmed that FTX manipulated the Voyager assets auction in order to secure the winning bid. This was done to delay the recall of Voyager's loans to FTX & Alameda, which would have exposed SBF's fraudulent practices much earlier. More details below.

Adam Cochran (adamscochran.eth) @adamscochran

Yeah I’ve got to admit, Binance proof of reserves have me worried. Either they used user funds as part of their bailout funds Or They keep their own profits commingled with user funds. Either of those mean the proof of reserves isn’t an accurate view of user funds…

Conor @jconorgrogan

On-chain evidence points to the mixing of 1. Binance-owned corporation funds 2. User deposits cited in "Proof-of-Reserves" 3. Binance Smart Chain pegged assets all in the same wallet

What’s Happening Now?

Bitcoin(BTC)

Bitcoin is still holding support at the mid $16,000s.

On the daily time frame, we are still finding support at the bottom of the 2nd resistance area.

Daily Timeframe Bitcoin. Red/blue boxes are potential area support/resistance, blue line represents the downtrend we were previously following

Ethereum(Eth)

Ethereum has stayed at roughly the same price below all of the SMA’s we track.

On the daily time frame, Ethereum is approaching the downtrend(blue line) it is stuck under. It is also bouncing off the top of the 6th resistance area.