Jake
TOP Trader

BTC:
INTRO: BTC breaks support at 43k and faces pushback.

Technical analysis for the BTC/USDT chart:

Key Levels:

• Resistance: $45,500, $44,000
• Support: $43,000, $41,500

Strategy:

• Long: Buy at $43.000 with a stop loss below $40,000 and a target price of $45,500.
• Short: Sell at $44,000 with a stop loss above $45,500 and a target price of $40,000.

Range description:
BTC/USDT is currently trading in a range between $40,500 and $44,000. The pair has broken into the range during the day. However, there are signs that the pair is ready to make a move with a possible retest of support.

On the upside, BTC/USDT is facing resistance at $44,000, and the $43,000 level has been tested today. If the price holds above it on the daily close, it will be confirmed as support. A break above $43,000 would signal a bullish breakout and could send the pair higher to $45,500.

On the downside, BTC/USDT is facing support at $41,500. This level was a previous resistance for the day and now holds as support. A break below $40,000 would signal a bearish breakdown and could send the pair lower to $37,000 or even $35,000.

BTC1D chart TW link: https://www.tradingview.com/x/KQcwOZWm/

ETH:
INTRO: Breaking through $2,320 resistance will push ETH higher, hang in there.

Here is a technical analysis for the ETH/USDT chart:

Key Levels:

• Resistance: $2520, $2420
• Support: $2220, $2320

Strategy:

• Long: Buy at $2320 with a stop loss below $2220 and a target price of $2420.
• Short: Sell at $2420 with a stop loss above $2520 and a target price of $2100.

Range description:

ETH/USDT is currently trading in a range between $2100 and $2400. The pair has broken into the range during the day. However, there are signs that the pair is ready to make a move with a possible retest of support.

On the upside, ETH/USDT is facing resistance at $2420. This level hasn’t been tested today, and if the price holds above it on the daily close, it will be confirmed as support. A break above $2420 would signal a bullish breakout and could send the pair higher to $2520.

On the downside, ETH/USDT is facing support at $2320. This level is a previous swing low and has been tested multiple times in recent weeks as resistance. A break below $2320 would signal a bearish breakdown and could send the pair lower to $2220 or even $2000.

ETH1D chart TW link: https://www.tradingview.com/x/7chdJU7q/

XRP:
INTRO: XRP is trying to hold above $0.62 for a bigger push upwards with a high probability of a pullback.

Here is a technical analysis for the XRP/USDT chart:

Key Levels:

• Resistance: $0.62, $0.67
• Support: $0.58, $0.54

Strategy:

• Long: Buy at $0.62 with a stop loss below $0.58 and a target price of $0.67.
• Short: Sell at $0.62 with a stop loss above $0.67 and a target price of $0.58.

Range description:

XRP/USDT is currently trading in a range between $0.58 and $0.67. The pair has shifted into the range during the day. However, there are signs that the pair is ready to make a move with a possible retest of support.

On the upside, XRP/USDT is facing resistance at $0.66. This level has been tested today, and if the price holds above it on the daily close, it will be confirmed as support. A break above $0.67 would signal a bullish breakout and could send the pair higher to $0.7.

On the downside, XRP/USDT is facing support at $0.62. This level is a previous swing low and has been tested multiple times in recent weeks as significant support. A break below $0.62 would signal a bearish breakdown and could send the pair lower to $0.58 or even $0.54.

XRP chart TW link: https://www.tradingview.com/x/b2QlmU1H/

LINK:
INTRO: LINK is trying to break through the $17 resistance and continue the bullish move upwards.

Here is a technical analysis for the LINK/USDT chart:

Key Levels:

• Resistance: $16.5, $17
• Support: $15, $16

Strategy:

• Long: Buy at $16 with a stop loss below $15and a target price of $17.
• Short: Sell at $17 with a stop loss above $17.5 and a target price of $14.

Range description:
LINK/USDT is currently trading in a range between $16 and $17. The pair has shifted into the range during the day. However, there are signs that the pair is ready to make a move with a possible retest of support.

On the upside, LINK/USDT is facing resistance at $17. This level has been tested today, and if the price holds above it on the daily close, it will be confirmed as support. A break above $17 would signal a bullish breakout and could send the pair higher to $18.

On the downside, LINK/USDT is facing support at $16. This level is a previous swing low and has been tested multiple times in recent weeks as significant resistance. A break below $16 would signal a bearish breakdown and could send the pair lower to $13 or even $14.

LINK chart TW link: https://www.tradingview.com/x/kJXjJrck/

SOL:
INTRO: SOL is pushing for a bullish breakout.

Here is a technical analysis for the SOL/USDT chart:

Key Levels:

• Resistance: $107, $120
• Support: $90, 100$

Strategy:

• Long: Buy at $100 with a stop loss below $90 and a target price of $120.
• Short: Sell at $107 with a stop loss above $120 and a target price of $100.

Range description:

SOL/USDT is currently trading in a range between $100 and $126. However, there are signs that the pair is ready to make a move to push strong resistance at $120.

On the upside, SOL/USDT is facing resistance at $107. This level has been tested today, and if the price holds above on the daily close, it will be confirmed as support. A break above $107 would signal a bullish breakout and could send the pair higher to $126.

On the downside, SOL/USDT is facing support at $100. This level is a previous swing low and has been tested multiple times in recent weeks as significant support. A break below $100 would signal a bearish breakdown and could send the pair lower to $90 or even $80.

SOL chart TW link: https://www.tradingview.com/x/WtglWrKk/

CRYPTO NEWS:

3 REASONS WHY ETH IS PUMPING

ETH is in the green, baby! It’s up 6% in the last 48 hours and has reached its highest price in a year.

Suddenly, everyone is #TeamETH again….

So, why is ETH pumping? There are a few theories…

• The Dencun upgrade is coming in early 2024. This upgrade will significantly lower fees for Layer 2s (L2s) and make ETH more competitive with Layer 1s like Solana.
• Many are anticipating an ETH ETF to launch at some point next year. And many expect that attention will shift to this narrative right after the Bitcoin ETF is announced.
• There’s a lot of excitement around Eigenlayer and restaking. When the sector fully develops, ETH staking rates are expected to skyrocket and raise the demand for the token.

It’s not just ETH going up in price either… L2s like Arbitrum, Polygon, and Optimism are up this week.
There’s nothing better than waking up and smelling the scent of green roses.

FAST NEWS:

MicroStrategy bought another 14,620 BTC worth $615M. Microstrategy’s position in bitcoins is now worth over $2B. Truly, there is no second best.

Kathy Wood claims that bitcoin will replace gold. At the same time, Katie’s fund ARK Invest is actively selling Coinbase and GBTC shares.

Coinbase, Galaxy, Polygon, Multicoin and other leading cryptocurrency venture capital funds share their funding predictions for 2024. Dive into predictions from some of the biggest names in the industry!

In 2023, cryptocurrency users lost $2 billion to hacks, scams and exploits. The dark side of an explosive year for the industry.

Dopex is a decentralised options exchange specialising in calls and puts on Arbitrum and Polygon. In addition to a wide range of options vaults, Dopex offers advanced speculative instruments, including options with concentrated liquidity and synthetic revenue-generating tokens.

Final words:

Altcoins pushing hard and want to keep up with BTC. We have yearly close in coming days so take care of your trades of fast swings.

WE celebrate 1 year of blog posting by Top Trader Jake we are happy to announce that we upgrade BLOG post with more information and trading setups!

Please send us message what coin would you like to see in Trader Jake Technical Analysis we are ready to add more coins and setups.

GROW BOT UPDATE:

Copy trade GROW 0.1->10k$ since 18.03 we got +191.0% PROFIT!

GROW CURENTLY:

TRADING COIN: BTC/USDT

SETUP: SHORT

TAKE PROFIT: /

SAFETY ORDERS: /

Liquidation: /

Not Financial Advice!
Good luck with trades,
JAKE