Riding The Wave Weekly Outlook #95

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Table of Contents

1. Tweets

2. What’s Happening Now?

3. What Might Happen Next?

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Tweets

https://twitter.com/unusual_whales/status/1712651942453825900

https://twitter.com/VailshireCap/status/1712813974331519113

https://twitter.com/MacroAlf/status/1712840176861381081

https://twitter.com/unusual_whales/status/1712823250294862110

https://twitter.com/BTC_Archive/status/1712799700418478346

https://twitter.com/unusual_whales/status/1712495087882502343

https://twitter.com/WhaleChart/status/1712534282760237491

https://twitter.com/intocryptoverse/status/1712569373590798782

https://twitter.com/WatcherGuru/status/1712445994304946234

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What’s Happening Now?

Bitcoin(BTC)

Bitcoin failed to hold 2 of its SMA’s and dropped back down to its 8-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 is continuing in its 5th resistance region.

Daily Timeframe Bitcoin. Red/blue boxes are potential area support/resistance

Ethereum(Eth)

Ethereum has now dropped back below all 4 of the SMA’s we are tracking

Eth Weekly Timeframe Ethereum

Ethereum is now barely holding within the 8th resistance region.

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

Cardano(Ada)

Cardano has dropped back below its 8-week SMA.

Weekly Timeframe Cardano

On the daily time frame Cardano is continuing to move sideways.

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

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What Might Happen Next?