Riding The Wave

Riding The Wave

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Riding The Wave
Riding The Wave
Riding The Wave Weekly Outlook #68

Riding The Wave Weekly Outlook #68

Thomas Holland's avatar
Thomas Holland
Apr 08, 2023
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Riding The Wave
Riding The Wave
Riding The Wave Weekly Outlook #68
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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

There is an issue between Substack and Twitter for embedding tweets. A partial fix is now in place as it allows me to include the links and some of the tweets embed but as can be seen below, a full fix is not yet available

https://twitter.com/financialjuice/status/1644289275767271426

https://twitter.com/therationalroot/status/1644382731877621760

https://twitter.com/nickgerli1/status/1644405321828294657

https://twitter.com/MacroAlf/status/1644380036500160520

https://twitter.com/WatcherGuru/status/1644319529542008833

https://twitter.com/WatcherGuru/status/1644178688714342401

https://twitter.com/WhaleChart/status/1644083254364864516

https://twitter.com/thepowerfulHRV/status/1643713198439407618

https://twitter.com/100trillionUSD/status/1643939415985729539

Twitter avatar for @WatcherGuru
Watcher.Guru @WatcherGuru
JUST IN: 🇺🇸 US Treasury says decentralized #crypto markets threaten national security.
2:36 PM ∙ Apr 6, 2023
10,232Likes2,340Retweets

What’s Happening Now?

Bitcoin(BTC)

Bitcoin has continued moving sideways after hitting $30k.

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

Bitcoin has continued to find resistance at the bottom of the 6th resistance 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 is still above all 4 of its SMA’s and is still finding resistance at the $1900 mark.

Weekly Timeframe Ethereum

On the daily time frame, Ethereum is still in the middle 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 been rejected by the 50-week SMA but has not fallen below its 8-week SMA.

Weekly Timeframe Cardano

On the daily time frame, Cardano is still at the top of the 5th resistance area.

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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