Riding The Wave Weekly Outlook #68

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Table of Contents

1. Tweets

2. What’s Happening Now?

3. What Might Happen Next?

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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

Watcher.Guru @WatcherGuru

JUST IN: 🇺🇸 US Treasury says decentralized #crypto markets threaten national security.

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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.

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What Might Happen Next?