We are at number 300 blog bringing fresh news each week.
Jake
TOP Trader
BTC:
INTRO: BTC pushing 52k.
Technical analysis for the BTC/USDT chart:
Key Levels:
- Resistance: $48,500, $50,000
- Support: $45,500, $47,100
Strategy:
- Long: Buy at $47,100 with a stop loss below $45,000 and a target price of $50,000.
- Short: Sell at $50,000 with a stop loss above $52,500 and a target price of $45,000.
Range Description:
BTC/USDT is currently trading in a range between $47,000 and $52,000. The pair has broken into range during day. However, there are signs that the pair is ready to make a move with possible retest of support.
On the upside, BTC/USDT is facing resistance at $50,000. And 50,000$ level has been tested today and if price holds above on daily close it will be confirmed as support. A break above $50,000 would signal a bullish breakout and could send the pair higher to $52,000.
On the downside, BTC/USDT is facing support at $48,500. This level is a previous resistance for day and now hold as support. A break below $48,500 would signal a bearish breakdown and could send the pair lower to $45,000 or even $42,000.
BTC1D chart TW link: https://www.tradingview.com/x/2Aa9yNOX/
ETH:
INTRO: ETH ready to break 3000$.
Here is a technical analysis for the ETH/USDT chart:
Key Levels:
- Resistance: $2680, $2780
- Support: $2515, $2420
Strategy:
- Long: Buy at $2515 with a stop loss below $2400 and a target price of $2720.
- Short: Sell at $2720 with a stop loss above $2820 and a target price of $2500.
Range Description:
ETH/USDT is currently trading in a range between $2500 and $2800. The pair has broken into range during day. However, there are signs that the pair is ready to make a move with possible retest of support.
On the upside, ETH/USDT is facing resistance at $2780. This level hasn’t been tested today and if price holds above on daily close it will be confirmed as support. A break above $2780 would signal a bullish breakout and could send the pair higher to $3000.
On the downside, ETH/USDT is facing support at $2515. This level is a previous swing low and has been tested multiple times in recent weeks as resistance. A break below $2515 would signal a bearish breakdown and could send the pair lower to $2300 or even $2200.
ETH1D chart TW link: https://www.tradingview.com/x/t6FPr7zq/
XRP:
INTRO: XRP pushing into 0.58$ resistance.
Here is a technical analysis for 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 in a range between $0.48 and $0.52. The pair has shifted into range during day. However, there are signs that the pair is ready to make a move with 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 on 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 big support. A break below $0.48 would signal a bearish breakdown and could send the pair lower to $0.46 or even $0.44.
XRP chart TW link: https://www.tradingview.com/x/UkV00XxY/
LINK:
INTRO: LINK in full bullish break up into 20$.
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 in a range between $17 and $20. The pair has shifted into range during day. However, there are signs that the pair is ready to make a move with 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 on 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 big resistance. A break below $17.6 would signal a bearish breakdown and could send the pair lower to $17 or even $16.
LINK chart TW link: https://www.tradingview.com/x/ilrSQrJ3/
SOL:
INTRO: SOL pushing into 120$ resistance.
Here is a technical analysis for 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 $107and a target price of $90.
Range description:
SOL/USDT is currently trading in a range between 75$ 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 it has been tested today and if the price holds above on 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 big 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/ZgMYe4pR/
CRYPTO NEWS:
MICROSTRATEGY’S BIG BET IS UP $4B
MicroStrategy builds data analytics software. And it’s been getting a lot of hype lately:
• Its stock price is up 154% over the last year.
• It’s close to qualifying for a spot in the S&P 500.
But 4 years ago, the company was struggling.
The company had $500M in cash, but nowhere to invest.
They tried hiring engineers… but it didn’t lead to any growth.
They tried marketing on Facebook and conferences… but, again, no growth.
The stock price had been flat for nearly a decade. There was barely a pulse.
Plus, inflation was kicking their ass. Microstrategy had an overseas business that ended up losing MILLIONS because they had to keep their funds in Argentine pesos (a devaluing currency).
“It felt like I was rowing a boat against the wind. And the wind was blowing harder than I could row”.
– Michael Saylor (Founder)
MicroStrategy needed a new strategy. That’s when they turned to Bitcoin…
• The company bought $250M in BTC back in August 2020.
• It became the first publicly traded company to add BTC to its balance sheet.
• It’s been buying BTC, quarterly, ever since.
Fast forward to today…
MicroStrategy holds 190,000 BTC (worth ~$10B). #GoBigOrGoHome
The lesson: having high conviction, diamond hands (and balls of steel) eventually pays off.
FAST NEWS:
JPMorgan says US regulators can ‘exert some control’ over Tether via the Office of Foreign Assets Control (OFAC). Guess we’re about to OFAC around and find out…
Moonbeam is teaming up with Animo to launch a crypto game for PlayStation. The companies are bullish that the web3 gaming market could grow by nearly 400% over the next decade.
Telefonica is partnering up with Chainlink to use its blockchain networks for fraud prevention in SIM cards. The Spanish telecom giant will integrate real-world telecommunications capabilities into blockchain networks for improved security.
Uniswap Foundation announced it will launch Uniswap v4 in Q3 of this year. The upgrade will optimize smart contracts for complex functionality.
Crypto money laundering activity is down from 2022. According to the latest report from Chainalysis, illicit addresses sent $22.2 billion worth of cryptocurrency in 2023 – a 29.5% decrease from 2022.
U.S. Federal Reserve Governor Christopher Waller says DeFi could boost the dollar’s global strength. He says as long as stablecoins are tied to the dollar (which 99% currently are), they’ll help increase the U.S. currency’s global strength.
Final words:
Alts are pushing up and BTC is on hold take care of your trades to not be traped.
GROW BOT UPDATE:
Copy trade GROW 0.1->10k$ 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
