Dear traders,

Jake
TOP Trader

BTC:
INTRO: BTC has successfully broken above the $41.5k resistance and is currently experiencing stronger upward momentum in the days ahead, targeting the next resistance level at $43k. A significant bullish breakout remains in play for the upcoming month if the support at $41.5k and above holds.

Technical analysis for the BTC/USDT chart:

Key Levels:

• Resistance: $43,000, $44,000
• Support: $41,500, $38,500

Strategy:

• Long: Buy at $38,500 with a stop loss below $37,000 and a target price of $41,500.

• Short: Sell at $41,500 with a stop loss above $42,500 and a target price of $38,500.

Range Description:
BTC/USDT is currently trading in a range between $38,500 and $42,500. The pair broke into this 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 $42,000. The $41,500 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 $41,500 would signal a bullish breakout and could send the pair higher to $44,000.

On the downside, BTC/USDT is facing support at $38,500. This level is a previous swing low and has been tested multiple times in recent weeks as resistance. A break below $38,000 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/hWD3Hl4G/

ETH:
INTRO: ETH encounters resistance at $2,240 and needs to break above for bullish continuation. However, there is still a possibility of a more significant sell-off and a retest of the $2,100 support.

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

Key Levels:

• Resistance: $2320, $2420
• Support: $2100, $2000

Strategy:

• Long: Buy at $2100 with a stop loss below $2000 and a target price of $2220.
• Short: Sell at $2300 with a stop loss above $2420 and a target price of $2100.

Range description:
ETH/USDT is currently trading in a range between $2,100 and $2,300. The pair has broken into this 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 $2,320. 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 $2,320 would signal a bullish breakout and could send the pair higher to $2,420.

On the downside, ETH/USDT is facing support at $2,100. This level is a previous swing low and has been tested multiple times in recent weeks as resistance. A break below $2,100 would signal a bearish breakdown and could send the pair lower to $2,000 or even $1,900.

ETH1D chart TW link: https://www.tradingview.com/x/e4SvPOoc/

XRP:
INTRO: XRP is still contending with the $0.62 resistance and needs to break through for full bullish confirmation. However, there is still a lack of buying volume for a significant upward push.

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 $0.58 with a stop loss below $0.54 and a target price of $0.62.
• Short: Sell at $0.62 with a stop loss above $0.65 and a target price of $0.58.

Range description:
XRP/USDT is currently trading in a range between $0.58 and $0.62. The pair shifted into this 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 $0.62. 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 $0.62 would signal a bullish breakout and could send the pair higher to $0.67.

On the downside, XRP/USDT is facing support at $0.58. This level is a previous swing low and has been tested multiple times in recent weeks as significant support. A break below $0.58 would signal a bearish breakdown and could send the pair lower to $0.54 or even $0.50.

XRP chart TW link: https://www.tradingview.com/x/ImP6jugy/

LINK:
INTRO: LINK/USDT is currently facing resistance at $16 and is in need of a breakthrough for full bullish confirmation. The chart is exhibiting a bullish formation, indicating the potential for a more substantial push up if the $15 support level holds.

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

Key Levels:

• Resistance: $16, $16.5
• Support: $15, $14

Strategy:

• Long: Buy at $15 with a stop loss below $14 and a target price of $16.
• Short: Sell at $16 with a stop loss above $16.5 and a target price of $15.

Range description:
LINK/USDT is currently trading in a range between $15 and $16, having shifted into this range during the day. However, there are signs indicating that the pair is poised to make a move, with a potential retest of support.

On the upside, LINK/USDT is encountering resistance at $16. 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 $16 would signal a bullish breakout, potentially sending the pair higher to $17.

On the downside, LINK/USDT is finding support at $15, a previous swing low that has been tested multiple times recently as significant resistance. A break below $15 would indicate a bearish breakdown, potentially leading the pair lower to $14 or even $13.

LINK chart TW link: https://www.tradingview.com/x/XWf7731t/

SOL:
INTRO: SOL/USDT is currently contending with the $61 resistance and requires a breakthrough for complete bullish confirmation. It is currently in a bullish formation, and a more significant push up is possible if there is a daily close above $61.

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

Key Levels:

• Resistance: $61, $63
• Support: $58, $56.5

Strategy:

• Long: Buy at $58 with a stop loss below $56.5 and a target price of $61.
• Short: Sell at $61 with a stop loss above $63 and a target price of $58.

Range description:

SOL/USDT is currently trading in a range between $58 and $63. However, there are signs that the pair is ready to make a move with a possible retest of support.

Upside: SOL/USDT is facing resistance at $63. 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 $63 would signal a bullish breakout and could send the pair higher to $65.5.

Downside: SOL/USDT is facing support at $58. This level is a previous swing low and has been tested multiple times in recent weeks as significant support. A break below $58 would signal a bearish breakdown and could send the pair lower to $55 or even $51.7.

SOL chart TW link: https://www.tradingview.com/x/nM5KJ7CV/

CRYPTO NEWS:

MARKET MOVERS: TOKENS & TRENDS TO WATCH THIS WEEK 

We’re back with another Market Movers segment. We track all the crypto action, so you don’t have to.

This week, there are a few trends & tokens on our radar. Let’s dive in:

1/ Some altcoins have big events, product launches, and/or announcements coming up.

Polygon ($MATIC): Polygon Connect (a big ecosystem event) is scheduled to start on Dec 7. Many anticipate new product launches and/or partnerships could be announced.

Dogecoin ($DOGE): Tesla is launching its new Cybertruck and Dogecoin is expected to be a payment option. If Elon tweets about it, DOGE could see a big pump.

Avalanche ($AVAX): Republic is listing its profit-sharing digital asset platform on the Avalanche blockchain on Dec. 6. It’s backed by over 750 private companies and assets in Republic’s portfolio, including SpaceX, Dapper Labs, etc.

Reddit token ($MOON): Reddit community points tokens (aka MOONS) are making a comeback after the social media giant “officially renounced” ownership of the token contract. The mod team said it would work on restoring features for the MOONS token.

Bitcoin Ordinal-related tokens ($ORDI): Bitcoin Ordinals have almost gotten as much volume as Ethereum NFTs over the last 30 days ($370M vs. $378M) and as a result, the Ordinal protocols native token (ORDI) is up big in that time (+521%).

2/ Web3 games keep getting added to the Epic Games Store.

This time last year, there were less than 10 web3 games listed on the Epic Games Store.

Today, there are 69 (giggity).

Each of these games comes with its own set of assets (tokens, NFTs, etc.), making them intriguing options for investors keen on exploring the crypto gaming space.

Your text is clear and engaging. If you’d like a slight refinement, here it is:

3/ NFTs Experience a Surge in Volume Over the Weekend.

Take a look. NFT volume has been quietly on the rise over the past 3 weeks.

Sunday turned out to be a significant day for some of the most popular collections:

Now, we’ll wait and see if these animal JPEGs can sustain their momentum.

Side note: If you had asked me whether Sappy Seals, Cool Cats, Kanpai Pandas, and Pugdy Penguins were names for multi-million dollar NFT collections or team names for my 4-year-old nephews’ soccer league…

I would’ve guessed the latter.

FAST NEWS:

• Blast has amassed nearly $650M in customer deposits, and the most astonishing part is that the layer 2 network doesn’t officially exist yet. — DL News.
• Coinbase reports receiving over 13,000 requests from governments and law enforcement agencies in the last year. This marks a 6% year-over-year increase in the number of requests.
• A U.S. federal judge is calling out the Securities and Exchange Commission (SEC) for allegedly lying to obtain a temporary restraining order. The judge is now demanding that the SEC make a case for why its lawyers shouldn’t be sanctioned by the court after presenting false and misleading evidence to freeze digital assets.
• Platypus Finance hackers were acquitted of criminal charges by a French court. According to the court, the hackers’ use of a flawed smart contract did not constitute fraud.
• Arbitrum DAO has greenlit a $23 million ‘backfund’ for investments in crypto projects. Among the 26 projects set to receive funding are Gains Network, Stargate Finance, and others.
• Brian Armstrong has confirmed that Coinbase currently has no intentions of launching a Base token. Apologies, but there won’t be a BASE token for Christmas, kids.

Final words:

Bitcoin is holding its breakout, but altcoins are showing signs of losing momentum, with a significant possibility of retesting support in the coming days. If you have late long positions, exercise caution.

As we celebrate one year of blog posts from Top Trader Jake, we are delighted to announce an upgrade to the blog with more information and trading setups! Please send us a message indicating the coin you would like to see in Trader Jake’s 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 +139.0% PROFIT!

GROW CURENTLY:

TRADING COIN: BTC/USDT

SETUP: SHORT

TAKE PROFIT: 39.670$

SAFETY ORDERS: 7/10

Liquidation: 48.200$

Not Financial Advice!
Good luck with trades,
JAKE