Dear traders,

Jake
TOP Trader

BTC:
INTRO: BTC pushing 44k strong resistance.

Technical analysis for the BTC/USDT chart:

Key Levels:

• Resistance: $43,000, $44,000
• Support: $40,200, $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 $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. The $43,000 level has been tested today, and if the price holds above it on the daily close, it will be confirmed as support. A breakthrough above $43,000 would signal a bullish trend 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 day’s resistance and now holds as support. A drop 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/lcL7gcPc/

ETH:
INTRO: ETH is breaking through the $2220 strong resistance and continuing to push up.

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

Key Levels:

• Resistance: $2320, $2220
• Support: $2060, $2100

Strategy:

• Long: Buy at $2100 with a stop loss below $2060 and a target price of $2320.
• Short: Sell at $2220 with a stop loss above $2320 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 $2220. This level hasn’t been tested today, and if the price holds above on the daily close, it will be confirmed as support. A break above $2220 would signal a bullish breakout and could send the pair higher to $2320.

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/n0PLgGpb/

XRP:
INTRO: XRP is attempting to break the $0.62 resistance for bullish continuation.

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 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 encountering 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/eBwVjiEk/

LINK:
INTRO: LINK is pushing strongly into the $15 resistance.

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

Key Levels:

• Resistance: $16, $15
• Support: $13.3, $14

Strategy:

• Long: Buy at $14 with a stop loss below $13.3 and a target price of $16.
• Short: Sell at $15 with a stop loss above $16.5 and a target price of $14.

Range description:

LINK/USDT is currently trading in a range between $14 and $16. The pair has shifted into 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 $15. 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 $15 would signal a bullish breakout and could send the pair higher to $17.

On the downside, LINK/USDT is facing support at $14. This level is a previous swing low and has been tested multiple times in recent weeks as significant resistance. A break below $14 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/aOTh0pg2/

SOL:
INTRO: SOL is pushing strongly and breaking resistance for a full bullish breakout.

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

Key Levels:

• Resistance: $75, $78.8
• Support: $65.5, $63

Strategy:

• Long: Buy at $65.5 with a stop loss below $61 and a target price of $75.
• Short: Sell at $75 with a stop loss above $78.8 and a target price of $65.5.

Range description:

SOL/USDT is currently trading in a range between $65 and $75.5. However, there are signs that the pair is ready to make a move to push through strong resistance at $75.

On the upside, SOL/USDT is facing resistance at $75. 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 $75 would signal a bullish breakout and could send the pair higher to $78.8.

On the downside, SOL/USDT is facing support at $65.5. This level is a previous swing low and has been tested multiple times in recent weeks as significant support. A break below $65.5 would signal a bearish breakdown and could send the pair lower to $62 or even $58.

SOL chart TW link: https://www.tradingview.com/x/iT3Lj7Bo/

CRYPTO NEWS:

BITCOIN: THE MOST INTERESTING MAN IN THE WORLD

There’s a new Bitcoin commercial going viral.

Why? It’s for Bitwise’s Bitcoin ETF and features ‘The Most Interesting Man in the World.

AKA the guy from the Dos Equis beer commercials. If you still don’t know him, legend has it…

• His blood smells like cologne.
• The last time he flirted with danger, danger got clingy.
• He can speak French. In Russian.
• If he were to pat you on the back, you would list it on your resume.
• His cereal never gets soggy; it stays crispy, just for him.
• His beard alone has experienced more than a lesser man’s entire body.

And now, he’s featured in Bitwise’s new Bitcoin ads.

Trader Jake Take: Ad campaigns?! Commercials?!

This whole time, I thought ETFs were just boring paperwork and finance mumbo jumbo…

Suddenly, I’m more excited for these commercials than the Super Bowl ones.

Bud Light, Budweiser, Snickers, Old Spice – give ’em all Bitcoin ETFs and see what they can do!

All jokes aside, it’ll be interesting to see how billion-dollar asset managers like BlackRock, Fidelity, etc., will market their crypto products.

VanEck has already tapped into “the culture” by making the ticker for their ETF product $HODL. Now Bitwise is using “The World’s Most Interesting Man.”

We’ll see what’s next

FAST NEWS:

Shardeum is an EVM-based layer 1 blockchain that tackles the trilemma through dynamic state sharding. Enjoy low fees forever!*

Circle announced that its euro-backed stablecoin (EURC) is now available on the Solana blockchain. This move marks the latest expansion for the stablecoin issuer as the firm seeks to drive mainstream global usage of EURC.

Grayscale’s CEO says a Bitcoin ETF approval could open doors for “$30 trillion worth of advised wealth.” I’ll be honest; I didn’t hear anything he said after $30 TRILLION.

A crypto-focused super PAC has raised $78M to support pro-crypto political candidates. Some big names like Coinbase, Kraken, Ripple, and a16z helped raise and donate the funds.

Improbable sold its gaming services subsidiary (MPG) for ~$100M. The metaverse startup first acquired MPG back in 2019 for ~$38M.

Final words:

This  could be a last big push up this year so take care of your trades.

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 +176.0% PROFIT!

GROW CURENTLY:

TRADING COIN: BTC/USDT

SETUP: SHORT

TAKE PROFIT: 41,950 USDT

SAFETY ORDERS: 2/10

Liquidation: 67,000 USDT

Not Financial Advice!
Good luck with trades,
JAKE