Dear traders,

Jake
TOP Trader

BTC:
INTRO: BTC still fights with 44k resistance and retest of 43k support is now playing.

Technical analysis for the BTC/USDT chart:

Key Levels:

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

Strategy:

• Long: Buy at $41.500 with a stop loss below $40,000 and a target price of $44,000.
• 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 $41,500 and $44,000. The pair has break 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 $44,000. And 43,000$ level has been tested today and if price hold above on daily close it will be confirmed as support. A break above $44,000 would signal a bullish breakout and could send the pair higher to $45,500.

On the downside, BTC/USDT is facing support at $43,000. This level is a previous resistance for day and now hold 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/YHXAJwoo/

ETH:
INTRO: ETH finds resistance at 2300$ and need to break above for bullish continuation. Still bigger sell off is possible and retest of 2100$ 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 $2100 and $2300. The pair has break 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 $2320. This level didn’t been tested today and if price hold above on daily close it will be confirmed as support. A break above $2320 would signal a bullish breakout and could send the pair higher to $2420.

On the downside, ETH/USDT is facing support at $2100. This level is a previous swing low and has been tested multiple times in recent weeks as resistance. A break below $2100 would signal a bearish breakdown and could send the pair lower to $2000 or even $1900.

ETH1D chart TW link: https://www.tradingview.com/x/5tUoSNJ6/

XRP:
INTRO: XRP still fights with 0.62$ resistance and need to break it for full bullish confirmation. Still lack of buy volume for push up. Strong push up to 0.67$ is what will break big resistance and push strong up.

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 has shifting 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 $0.62. This level has been tested today and if price hold above on 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 big support. A break below $0.58 would signal a bearish breakdown and could send the pair lower to $0.54 or even $0.5.

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

LINK:
INTRO: LINK still fights with 16$ resistance and need to break it for full bullish confirmation. Now in bullish formation for bigger push up if 15$ support hold.

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. The pair has shifting 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 $16. This level has been tested today and if price hold above on daily close it will be confirmed as support. A break above $16 would signal a bullish breakout and could send the pair higher to $17.

On the downside, LINK/USDT is facing support at $15. This level is a previous swing low and has been tested multiple times in recent weeks as big resistance. A break below $15 would signal a bearish breakdown and could send the pair lower to $14 or even $13.

LINK chart TW link: https://www.tradingview.com/x/NU1PDcaz/

SOL:
INTRO: SOL breaking resistance 63$ but need to close daily above for bigger bullish push up.

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

Key Levels:

• Resistance: $63, $65.5
• Support: $58, $61

Strategy:

• Long: Buy at $61 with a stop loss below $58 and a target price of $65.5.
• Short: Sell at $65.5 with a stop loss above $67 and a target price of $61.

Range description:

SOL/USDT is currently trading in a range between 58$ and 65.5$. However, there are signs that the pair is ready to make a move with possible retest of support if big resistance is not broken.

On the upside, SOL/USDT is facing resistance at $63. This level has been tested today and if price hold above on 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.

On the 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 big 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/1USUnnjv/

CRYPTO NEWS:

THE STATE OF CRYPTO IN 3 NUMBERS 

I don’t know about you, but I’m a numbers guy.

I can’t remember what I had for dinner yesterday or what my wife told me NOT to forget to get at the grocery store today. (whoops)

But numbers are my b*tch… I still remember random stuff like the first landline phone number I ever had and Kobe Bryant’s stats from January 22, 2006.

(81 points, 28/46 from the floor, 18/20 from the free throw line, and 7/13 from 3)

Weird stuff, I know.

Well, today I’m gonna show you 3 of the most important numbers in crypto right now. Let’s dive in.

$50B – The total value locked (TVL) across DeFi protocols crossed $50B

What happened: The total value locked (TVL) across all decentralized finance (DeFi) protocols has increased from $35B in mid-October → $50B today.

A ~43% increase in 6 weeks. Noice.

Why this matters: This highlights two things…

1/ DeFi is seeing fresh inflows of money. Protocols like Blast, Marinade, and Jito have all seen big increases in deposits over the last few weeks.

2/ DeFi token prices are simultaneously going up.

Rising asset prices + more money being invested into DeFi protocols = higher TVL.

And speaking of rising asset prices…

$700B – The market cap for altcoins hit $700B

What happened: The market cap for all altcoins (aka crypto tokens NOT named Bitcoin) just hit $700B, according to data from TradingView.

For about 2 years, the altcoin market was stuck between ~$430B → ~$650B. It’s been one long ass game of ping pong.

But for the first in 18 months, it’s out of that range. woogity woogity woogity

Why this matters: It could be an early sign of Altcoin Season. And crypto investors love altcoin season more than Owen Wilson & Vince Vaughn love wedding season.

We’ve already seen a small taste of it too.

A handful of memecoins and BRC-20 tokens have seen big gains recently:

• BONK: Just became the 3rd-largest dog-themed coin (behind Dogecoin and Shiba Inu).

• PEPE: Back up to $660M+ market cap.

• ORDI: First BRC-20 token to hit $1B+ market cap.

75% – Robinhood’s crypto trading volume is up 75%

What happened: Robinhood reported that crypto notional trading volumes are up 75% month-over-month.

Vlad Tenev (CEO of the popular investment app) says the platform could eventually “reel in nine figures in annual revenue” due to the uptick in trading activity.

And if you know anyone named Vlad, you know they mean business.

Why this matters: The increase in crypto trading volume on apps like Robinhood shows there’s a growing appetite among retail investors.

Coinbase is also *quietly* rising among the top Finance apps on the App Store:

• 5 days ago it was ranked #46.

• Today it’s #26.

Sure, all the talk about Bitcoin ETFs over the last few weeks has attracted a lot of Suits (aka institutional investors), but…

The Hoodies (aka retail investors) are also slowly, but surely, making a comeback.

FAST NEWS:

CNBC analyst, Brian Kelly, predicts Bitcoin will become more scarce than gold. The main reason? The upcoming Bitcoin halving will limit the new supply of Bitcoin.

BlackRock and Bitwise both filed updated applications for a spot Bitcoin ETF. (sniff sniff)… You smell that? That spot Bitcoin ETF is almost ready to be served.

IBM launched a new cold storage product for crypto assets. It’s called Hyper Protect Offline Signing Orchestrator (OSO) and offers additional security layers including disconnected network operations, time-based security, and electronic transaction approval by multiple stakeholders.

Crypto tax evasion cases are on the rise in the U.S. According to the Internal Revenue Service’s (IRS) Criminal Investigation Unit, there’s been an increase in its caseload for crypto tax cases.

Helium Mobile is now available across the U.S. It provides cellular phone service across the decentralized Helium network with support from T-Mobile’s nationwide 5G network and lets subscribers earn crypto tokens through everyday use.

Coinbase is launching a new feature that lets users send crypto on messaging apps like iMessage, WhatsApp, and Telegram. Users can share a link with friends & family that will direct them to download the Coinbase Wallet app to claim the money.

Final words:

Altcoins could push higher and make BTC dominance push back.

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 +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