Riding The Wave

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Riding The Wave
Riding The Wave
Riding The Wave Weekly Outlook #89

Riding The Wave Weekly Outlook #89

Thomas Holland's avatar
Thomas Holland
Sep 02, 2023
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Riding The Wave
Riding The Wave
Riding The Wave Weekly Outlook #89
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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/GameofTrades_/status/1697625363348676976

https://twitter.com/TaviCosta/status/1697469530212368733

https://twitter.com/intocryptoverse/status/1697678054514896982

https://twitter.com/WhaleChart/status/1697590378046648548

https://twitter.com/GameofTrades_/status/1697595165416792325

https://twitter.com/intocryptoverse/status/1697588406677598214

https://twitter.com/intocryptoverse/status/1697390352078876907

https://twitter.com/TheRealPlanC/status/1697421012676018305

https://twitter.com/TheRealPlanC/status/1697363157398737140

https://twitter.com/callieabost/status/1697316641011380727

https://twitter.com/GameofTrades_/status/1697293176585797918

https://twitter.com/GameofTrades_/status/1697262975659213263


What’s Happening Now?

Bitcoin(BTC)

Bitcoin has jumped up this week to test its 8-week and 20-week SMA, but it has failed to break through and fallen back down to where it started the week.

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

Bitcoin is moving sideways other than the short spike it saw this week.

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

Ethereum has continued to find support on its 200-week SMA & 50-week SMA.

Weekly Timeframe Ethereum

Ethereum has also seen a small tick-up before moving back to moving sideways this week.

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

Cardano is still below all 4 of its core SMA’s.

Weekly Timeframe Cardano

On the daily time frame, Cardano has continued to move sideways.

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

What Might Happen Next?

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