Dear traders,

Jake
TOP Trader

BTC:
INTRO: BTC has broken above the $44k resistance and is now encountering stronger upward momentum in the coming days, aiming for the next resistance at $45.5k. A significant bullish breakout is still in play for the coming month if $44k and above hold.

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 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, and the $43,000 level has been tested today. If the price holds above on the 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 was a previous resistance for the day and now holds 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/rt1Pjvqo/

ETH:
INTRO: ETH is finding resistance at $2,300 and needs to break above for bullish continuation. However, there is still a possibility of a larger 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 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 $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/M62PxlGz/

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.

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 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 $0.62. 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 $0.62 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/jEXMUDpQ/

LINK:
INTRO: LINK/USDT is currently trading in a range between $15 and $16. 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.

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 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 $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 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 significant 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/Mobzrydn/

SOL:
INTRO: SOL is still struggling with the $63 resistance and needs to break through it for a full bullish confirmation. Now a bullish formation for a bigger push up if the daily close is above $63.

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 a possible retest of support if the significant resistance is not broken.

On the upside, SOL/USDT is facing resistance at $63. 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 $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 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/o39sraB9/

CRYPTO NEWS:

DIGITAL ASSET FUNDS RECORD 10 CONSECUTIVE WEEKS OF INFLOWS

CoinShares, a leading European digital asset manager:

• Launched the first regulated Bitcoin hedge fund.
• Introduced the inaugural exchange-traded Bitcoin product.
• Manages $2B+ across two crypto exchange-traded products.

CoinShares provides weekly reports on inflows into digital asset investment products, offering valuable insights into institutional interest in crypto.

Well, the latest results are in…$176M in total inflows.

Here’s everything you need to know about the latest report:

• It marks the 10th consecutive week of inflows, with a total of $1.76B invested in digital asset products during this period.
• This streak represents the largest run of inflows since October 2021, the same year the first futures-based ETF launched in the U.S.
• BTC led the way with a substantial $133M in inflows, continuing its trend of significant weekly inflows.
• ETH also experienced another week of inflows, making it 5 straight weeks, with a total of $134M.

Trader Jake Prediction: Not only is the coming week likely to extend the streak to 11 consecutive weeks of inflows, but it could also set a record as the largest weekly inflow of the year. You heard it here first.

23 YEARS AGO, THE INTERNET WAS A “FAD” 

A historic day. It’s (unofficially) National “Laugh-At-Everyone-Who-Said-The-Internet-Was-A-Fad” Day.

You see, 23 years ago, Daily Mail published this…

P.S. – in case you don’t know, Daily Mail is one of the most popular newspapers in the U.K.

P.P.S. – if you don’t know what a newspaper is, it’s how people used to get the news back in the day. No emails. No phones. It was all on paper, baby! And some kids would ride their bikes doing drive-bys, tossing the newspaper at people’s front door steps.

Anyway, here are some of my favorite quotes from the article:

• “Teenagers’ use of the Internet has declined. They were energized by what you can do on the net but they have been through all that and then realized there is more to life in the real world and gone back to it.”

• “The internet may be only a passing fad for many users.”

• “The future of online shopping is limited.” (Hmm.. my wife’s credit card statement begs to differ).

In the 2000s, it was the Internet being called a fad. Today, it’s crypto.

FAST NEWS:

MicroStrategy’s BTC holdings surpassed $2B in profits. The software company (that no one knows for being a software company) holds 174,530 BTC.

El Salvador’s Bitcoin investment is in the green zone. According to recent data, El Salvador has accrued an unrealized profit of $3.6M.

Societe Generale issued its first “green bond” on the Ethereum blockchain. The bond has a maturity of three years and amounts to $10.8M.

Franklin Templeton’s CEO, Jenny Johnson, says she’s personally invested in multiple cryptocurrencies like BTC, ETH, UNI, and SUSHI. Here you go queen, you dropped this…

Blur is now dominating ~80% of NFT trading volume. OpenSea’s market share has plummeted down to ~17%.

The Sandbox is teaming up with Notorious B.I.G.’s estate to launch a new metaverse experience. It’s called “Breakin’ B.I.G.,” and allows players to navigate various “quests” like helping out around the virtual Brooklyn community and confronting B.I.G.’s rivals.

Brazil’s largest private bank, Itau Unibanco, is launching crypto trading services. The bank announced it will start with buying/selling BTC and ETH.

Final words:

Bitcoin don’t stop push and after BTC stop pushing we could se Altcoins start they rail and breaking of resistance.

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