Jake
TOP Trader

BTC:
INTRO: BTC pushing into resistance 45k.

Technical analysis for the BTC/USDT chart:

Key Levels:

• Resistance: $45,000, $47,000
• Support: $43,000, $44,000

Strategy:

• Long: Buy at $43,500 with a stop loss below $42,000 and a target price of $47,000.
• Short: Sell at $45,000 with a stop loss above $47,500 and a target price of $43,000.

Range Description:

BTC/USDT is currently trading between $43,000 and $45,000. 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 $45,000. The $45,000 level has been tested today, and if the price holds above the daily close, it will be confirmed as support. A break above $45,000 would signal a bullish breakout and could send the pair higher to $47,000.

On the downside, BTC/USDT is facing support at $44,000. This level is a previous resistance for the day and now holds as support. A break below $44,000 would signal a bearish breakdown, sending the pair lower to $43,000 or even $42,000.

BTC1D chart TW link: https://www.tradingview.com/x/isJg85bf/

ETH:
INTRO: ETH ready to break 2400$ resistance.

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

Key Levels:

• Resistance: $2320, $2420
• Support: $2220, $2100

Strategy:

• Long: Buy at $2220 with a stop loss below $2100 and a target price of $2320.
• Short: Sell at $2320 with a stop loss above $2420 and a target price of $2200.

Range Description:

ETH/USDT is currently trading between $2200 and $2500. 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 $2320. This level hasn’t been tested today, and if the price holds above the daily close, it will be confirmed as support. A break above $2320 would signal a bullish breakout and could send the pair higher to $2320.

On the downside, ETH/USDT is facing support at $2220. This level is a previous swing low and has been tested multiple times in recent weeks as resistance. A break below $2220 would signal a bearish breakdown and could send the pair lower to $2120 or even $2000.

ETH1D chart TW link: https://www.tradingview.com/x/2o370RQF/

XRP:
INTRO: XRP holding above 0.5$ and needs to hold before the big nuke.

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

Key Levels:

• Resistance: $0.50, $0.52
• Support: $0.48, $0.46

Strategy:

• Long: Buy at $0.48 with a stop loss below $0.46 and a target price of $0.58.
• Short: Sell at $0.50 with a stop loss above $0.52 and a target price of $0.46.

Range Description:

XRP/USDT is currently trading between $0.48 and $0.52. 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 $0.50. This level has been tested today, and if the price holds above the daily close, it will be confirmed as support. A break above $0.50 would signal a bullish breakout and could send the pair higher to $0.52.

On the downside, XRP/USDT is facing support at $0.48. This level is a previous swing low and has been tested multiple times in recent weeks as significant support. A break below $0.48 would signal a bearish breakdown and could send the pair lower to $0.46 or even $0.44.

XRP chart TW link: https://www.tradingview.com/x/PyXx2gzj/

LINK:
INTRO: LINK in full bullish break up into 20$.

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

Key Levels:

• Resistance: $20
• Support: $17.6

Strategy:

• Long: Buy at $17.6 with a stop loss below $17 and a target price of $20.
• Short: Sell at $20 with a stop loss above $21 and a target price of $17.6.

Range Description:

LINK/USDT is currently trading between $17 and $20. 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 $20. This level has been tested today, and if the price holds above the daily close, it will be confirmed as support. A break above $20 would signal a bullish breakout and could send the pair higher to $22.

On the downside, LINK/USDT is facing support at $17.6. This level is a previous swing low and has been tested multiple times in recent weeks as significant resistance. A break below $17.6 would signal a bearish breakdown and could send the pair lower to $17 or even $16.

LINK chart TW link: https://www.tradingview.com/x/Os57s3Lb/

SOL:
INTRO: SOL fighting with 100$ resistance.

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

Key Levels:

• Resistance: $100, $107
• Support: $79, 90$

Strategy:

• Long: Buy at $90 with a stop loss below $75 and a target price of $100.
• Short: Sell at $100 with a stop loss above $ 107 and a target price of $90.

Range Description:

SOL/USDT is currently trading between $75 and $100. However, there are signs that the pair is ready to make a move to push strong resistance at $90.

On the upside, SOL/USDT is facing resistance at $100. This level has been tested today, and if the price holds above the daily close, it will be confirmed as support. A break above $100 would signal a bullish breakout and could send the pair higher to $107.

On the downside, SOL/USDT is facing support at $90. This level is a previous swing low and has been tested multiple times in recent weeks as significant support. A break below $90 would signal a bearish breakdown and could send the pair lower to $70 or even $60.

SOL chart TW link:  https://www.tradingview.com/x/qB1UGsvM/

CRYPTO NEWS:

COUNTDOWN TO THE BITCOIN HALVING

Crypto’s next big event is right around the corner… The Bitcoin Halving.

It happens roughly every 4 years and always shakes up the crypto world.

The next one is expected to happen in April. And for some of you, this might be your first Bitcoin Halving event…

You might have questions. You might be scared. You might’ve just peed yourself a little.

Don’t worry, we got you. We don’t want you to end up looking as lost as Tom Hanks when he finally got back to civilization in Cast Away.

That’s why we’re gonna talk about the Bitcoin Halving today. We’ll cover the big stuff here, but if you want to nerd out some more, check out our deep dive.

OK, so what is it?

• The Bitcoin Halving is when mining rewards get cut in half.
• In 2009, you used to get 50 BTC for mining 1 block. Then it got cut to 25 BTC. Then 12.5 BTC.
• Right now, the reward is 6.25 BTC. After the Halving, it’ll be reduced to 3.125 BTC.
• This will keep happening until all 21M BTC have been mined (expected some time in 2140).

Why does the Bitcoin Halving matter? It slows down inflation from the new BTC being mined.

You see, at current prices, the original issuance of 50 BTC would add ~$2.1M of new supply to circulation every 10 minutes.

This would significantly devalue BTC. And it’s why the Halving is such a big deal.

So, what should you expect? There have been 3 Halvings so far – each one has led to a crypto rally.

Just check out the prices 90 days before, during, and after the big event:

There are 2 trends to highlight:

1/ The big rally usually comes after the Halving. BTC’s price has hit a new all-time high in each instance.

2/ The rally before the Halving has gotten smaller and smaller over the years. This is likely due to miners selling their BTC and securing profits before their rewards get cut in half.

(Btw, a few analysts say the pre-halving sell-off is already happening).

So, now for the question on everyone’s mind… what will Bitcoin’s price be after the Halving?

We don’t usually do ‘The Price Is Right,’ but, heck it, let’s play.

Trader Jake Prediction: BTC will hit $100,000, 3 months after the next Halving. (Check out our logic here)

Final words:

Robinhood is teaming up with MetaMask to make crypto purchases easier. MetaMask users will be able to purchase crypto through Robinhood’s order engine. They’ll gain exposure to each other’s users while users gain an easier integration between the apps.

Ripple is preparing to make a big push in the U.S. market. Currently, 90% of Ripple’s payment systems are outside the U.S.

BlackRock’s Bitcoin ETF is now in the top 5 ETFs by inflows this year. The wild part? It’s been live for less than 3 weeks.

DLT Finance and Neutral are partnering up to create a new blockchain-based platform for carbon credits in Germany. It will be the first regulated trading platform for tokenized environmental assets.

MicroStrategy bought another $37.5M worth of BTC. The software company now owns 190,000 BTC, worth $8.2B. #CantStopWontStop

Hong Kong’s Chamber of Commerce has proposed launching a new stablecoin. It will be backed by the Chinese yuan.

Final words:

Bulls are back in market prepare your positions.

GROW BOT UPDATE:

Copy trade GROW 0.1->10k$ since 18.03.23 we got +219.0% PROFIT!

GROW CURENTLY:

TRADING COIN: BTC/USDT

SETUP: SHORT

TAKE PROFIT: /

SAFETY ORDERS: /

Liquidation: /

Not Financial Advice!
Good luck with trades,
JAKE