Riding The Wave

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Riding The Wave
Riding The Wave
Riding The Wave Weekly Outlook #91

Riding The Wave Weekly Outlook #91

Thomas Holland's avatar
Thomas Holland
Sep 15, 2023
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Riding The Wave
Riding The Wave
Riding The Wave Weekly Outlook #91
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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/WhaleChart/status/1702634572259721623

https://twitter.com/WatcherGuru/status/1702371564958671074

https://twitter.com/WatcherGuru/status/1702325787049984186

https://twitter.com/BTC_Archive/status/1702311972866273408

https://twitter.com/KobeissiLetter/status/1702299207372095729

https://twitter.com/KobeissiLetter/status/1702303106929741846

https://twitter.com/BTC_Archive/status/1702307266534199565


What’s Happening Now?

Bitcoin(BTC)

Bitcoin rallied slightly after dropping down to just above its 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 continued to move sideways in the 5th region.

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

Ethereum has continued to move sideways while barely finding support on its 200-week SMA & 50-week SMA.

Weekly Timeframe Ethereum

Ethereum has found support and bounced off of the bottom of the 8th resistance region.

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

Cardano has continued to stay 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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