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Riding The Wave
Riding The Wave
Riding The Wave Weekly Outlook #87

Riding The Wave Weekly Outlook #87

Thomas Holland's avatar
Thomas Holland
Aug 19, 2023
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Riding The Wave
Riding The Wave
Riding The Wave Weekly Outlook #87
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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

https://twitter.com/therationalroot/status/1692653158902735270

https://twitter.com/intocryptoverse/status/169259988379288388

5

https://twitter.com/WatcherGuru/status/1692567007214874802

https://twitter.com/intocryptoverse/status/1692539314863800431

https://twitter.com/WhaleChart/status/1692536641938698356

https://twitter.com/AltcoinDailyio/status/1692323780855742569

https://twitter.com/WhaleChart/status/1692440017279373787

https://twitter.com/rektcapital/status/1692458050177671420

https://twitter.com/0xSalazar/status/1692147899327557867

https://twitter.com/WhaleWire/status/1692227642848682253

https://twitter.com/rektcapital/status/1692233853186757042

https://twitter.com/intocryptoverse/status/1692347544469185002

https://twitter.com/gurgavin/status/1692279122234413206

https://twitter.com/WClementeIII/status/1692313088874168547

https://twitter.com/WClementeIII/status/1692298339616997670

https://twitter.com/WClementeIII/status/1692274380754026935

https://twitter.com/unusual_whales/status/1692288429709771002

https://twitter.com/WatcherGuru/status/1692293047860482495

https://twitter.com/WatcherGuru/status/1692280581206290848

https://twitter.com/WatcherGuru/status/1692296550284738995

https://twitter.com/WatcherGuru/status/1692225650227097802

https://twitter.com/intocryptoverse/status/1691975123438391458

https://twitter.com/WatcherGuru/status/1691901312588230745


What’s Happening Now?

Bitcoin(BTC)

Bitcoin has dropped below its 20-week SMA & 200-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)

It has dropped down to the bottom of the 5th region.

Daily Timeframe Bitcoin. Red/blue boxes are potential area support/resistance
Ethereum(Eth)

Ethereum is now finding support on its 200-week SMA & 50-week SMA.

Weekly Timeframe Ethereum

Ethereum dropped and found support on the bottom of the 8th resistance region, bouncing up to $1700.

Daily Timeframe Ethereum. Red boxes are potential areas of support/resistance
Cardano(Ada)

Cardano has fallen further below its 8 week SMA losing hope of reclaiming it in the short term.

Weekly Timeframe Cardano

On the daily time frame, Cardano is still in its 5th resistance region.

Daily Timeframe Cardano. Red boxes are potential areas of support/resistance

What Might Happen Next?

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