Riding The Wave

Riding The Wave

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Riding The Wave
Riding The Wave
Riding The Wave Weekly Outlook #58

Riding The Wave Weekly Outlook #58

Thomas Holland's avatar
Thomas Holland
Jan 27, 2023
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Riding The Wave
Riding The Wave
Riding The Wave Weekly Outlook #58
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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 @BitcoinFear
Bitcoin Fear and Greed Index @BitcoinFear
Bitcoin Fear and Greed Index is 54. Neutral Current price: $23,120
Image
12:00 AM ∙ Jan 26, 2023
623Likes123Retweets
Twitter avatar for @TheBirbNest
The ₿irb Nest @TheBirbNest
1/ Let's kick off with a weekly chart! From the long-term technical standpoint, $BTC is presently trading above the most critical 200-day moving average, which until the recent breakout, represented the bear market trend. Now the price broke and got over this bearish trend. So,
Image
11:39 PM ∙ Jan 25, 2023
29Likes5Retweets
Twitter avatar for @MitchellHODL
Mitchell 🚀 @MitchellHODL
No doubt we've entered the late stages of the bear market. A record % of the supply is in the hands of long-term holders, who have no intention of selling. Short-term traders will begin FOMO'ing in once their cost-basis is back above the aggregate market cost-basis.
Image
5:53 PM ∙ Jan 25, 2023
103Likes13Retweets
Twitter avatar for @WatcherGuru
Watcher.Guru @WatcherGuru
JUST IN: Tesla reveals none of their $245,553,000 #Bitcoin was sold in Q4 2022.
9:27 PM ∙ Jan 25, 2023
10,887Likes1,599Retweets
Twitter avatar for @WhaleChart
whalechart.org @WhaleChart
JUST IN: ​Arizona Senator Wendy Rogers introduces bill to make Bitcoin legal tender in the US
7:20 PM ∙ Jan 25, 2023
969Likes228Retweets
Twitter avatar for @ki_young_ju
Ki Young Ju @ki_young_ju
#Bitcoin entered into the early bull phase. cryptoquant.com/dashboard/63c8…
Image
10:19 PM ∙ Jan 25, 2023
1,470Likes315Retweets
Twitter avatar for @ercwl
Erica Wall @ercwl
we're so fucking back
Image
Image
9:24 AM ∙ Jan 26, 2023
3,653Likes323Retweets
Twitter avatar for @WhaleChart
whalechart.org @WhaleChart
JUST IN: ​Celsius considers issuing a ‘Bankruptcy Coin’ to pay creditors
1:41 AM ∙ Jan 26, 2023
855Likes138Retweets
Twitter avatar for @BTC_Archive
Bitcoin Archive @BTC_Archive
#Bitcoin Golden Cross Approaching: 50D Moving Average about to cross the 200 DMA. Bullish!
Image
11:07 AM ∙ Jan 26, 2023
3,064Likes669Retweets
Twitter avatar for @WhaleChart
whalechart.org @WhaleChart
$1.48B in Bitcoin options expire on Friday. Will BTC hold $22K?
1:17 AM ∙ Jan 26, 2023
1,264Likes156Retweets
Twitter avatar for @Blockworks_
Blockworks @Blockworks_
Porsche added a checkbox asking users to relinquish their right to return their NFTs... If this checkbox didn't exist Porsche would have to refund users within a 14-day period of minting, according to UK law. Even if the floor price was 0.
Image
2:47 PM ∙ Jan 26, 2023
57Likes11Retweets
Twitter avatar for @WhaleChart
whalechart.org @WhaleChart
BREAKING: ​Crypto giant Grayscale to face SEC in court to push for converting its Bitcoin investment product Into ETF
8:37 PM ∙ Jan 26, 2023
809Likes165Retweets
Twitter avatar for @WhaleChart
whalechart.org @WhaleChart
JUST IN: ​Sen. Ted Cruz Wants to force capitol hill vending machines to accept crypto.
11:17 PM ∙ Jan 26, 2023
955Likes169Retweets
Twitter avatar for @AutismCapital
Autism Capital 🧩 @AutismCapital
BREAKING: The full 116 page unredacted FTX creditor list has been released. It is docket #574 found here. restructuring.ra.kroll.com/FTX/Home-Docke…
Image
4:54 PM ∙ Jan 26, 2023
1,400Likes314Retweets
Twitter avatar for @WhaleChart
whalechart.org @WhaleChart
JUST IN: California's Department of Motor Vehicles will test the Tezos network for the digitization of car titles as NFTs.
8:52 AM ∙ Jan 27, 2023
792Likes224Retweets
Twitter avatar for @rektcapital
Rekt Capital @rektcapital
Historically, #BTC tends to bottom around a year after its previous Bull Market peak It’s been a year since the November 2021 top If there ever was a time to pay attention to the market to position yourself for maximum Return On Investment… It is now $BTC #Crypto #Bitcoin
9:28 AM ∙ Nov 14, 2022
957Likes121Retweets
Twitter avatar for @100trillionUSD
PlanB @100trillionUSD
Realized return just popped positive! Sellers are now taking profit (green) instead of cutting losses (blue) .. big difference🚀
Image
8:26 PM ∙ Jan 26, 2023
2,188Likes310Retweets


What’s Happening Now?

Bitcoin(BTC)

Bitcoin has continued to push higher and is now approaching both its 200 and 50-week SMA.

Weekly Timeframe Bitcoin (pink line = 8 week SMA, green line = 20 week SMA, yellow line = 50 week SMA, red line = 200 week SMA)

On the daily time frame, Bitcoin has broken through the 3rd resistance area and is now consolidating in the 4th area.

Daily Timeframe Bitcoin. Red/blue boxes are potential area support/resistance, blue line represents the downtrend Bitcoin is attempting to break through
Ethereum(Eth)

Ethereum has moved sideways since last week, with only its 50-week SMA above it and the other three below it.

Weekly Timeframe Ethereum

On the daily time frame, Ethereum is continuing to find support at the bottom of the 8th 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 broken above its 20-week SMA and appears to be establishing it as support via retesting it.

Weekly Timeframe Cardano

Cardano is still within the 5th resistance area, although it has trended slightly upwards.

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

What Might Happen Next?

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