Jake
TOP Trader

BTC:
INTRO: BTC pushing into resistance 43k.

Technical analysis for the BTC/USDT chart:

Key Levels:

• Resistance: $44,000, $43,000
• Support: $41,500, $40,200

Strategy:

• Long: Buy at $41,500 with a stop loss below $40,000 and a target price of $44,000.
• Short: Sell at $43,000 with a stop loss above $44,500 and a target price of $40,200.

Range Description:

BTC/USDT is currently trading between $38,500 and $42,000. 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 faces resistance at $43,000, 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 $43,000 would signal a bullish breakout and could send the pair higher to $45,000.

On the downside, BTC/USDT is facing support at $41,500. This level was a previous resistance for the day and now holds as support. A break below $41,500 would signal a bearish breakdown, sending the pair lower to $40,000 or even $39,000.

BTC1D chart TW link: https://www.tradingview.com/x/Dipl4TlD/

ETH:
INTRO: ETH ready to break 2400$ resistance.

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

Key Levels:

• Resistance: $2320, $2420
• Support: $2220, $2100

Strategy:

• Long: Buy at $2220 with a stop loss below $2100 and a target price of $2320.
• Short: Sell at $2320 with a stop loss above $2420 and a target price of $2200.

Range Description:

ETH/USDT is currently trading between $2,200 and $2,500. 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 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 $2,320.

On the downside, ETH/USDT is facing support at $2,220. This level is a previous swing low and has been tested multiple times in recent weeks as resistance. A break below $2,220 would signal a bearish breakdown, sending the pair lower to $2,120 or even $2,000.

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

XRP:
INTRO: XRP holding above 0.5$ and needs to hold before the big nuke.

Here is a technical analysis of 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 between $0.48 and $0.52. 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, XRP/USDT is facing resistance at $0.50. This level has been tested today, and if the price holds above the 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 significant 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/ti2AhWM2/

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 between $17 and $20. 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 $20. This level has been tested today, and if the price holds above the 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 significant 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/kyPeHCnc/

SOL:
INTRO: SOL fighting with 100$ resistance.

Here is a technical analysis of 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 $ 107 and a target price of $90.

Range Description:

SOL/USDT is currently trading 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 has been tested today, and if the price holds above the 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 significant 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/7mNqjNwU/

CRYPTO NEWS:

WTF IS FARCASTER?

Crypto investors are going through the 4 stages of FOMO right now…

• Stage 1: You hear a funky, new word.
• Stage 2: You are very off as “nerdy nonsense.”
• Stage 3: You hear the funky, new word again. But this time, nerds are getting rich from it and making Lambos (straight cash).
• Stage 4: You dream and question all your life choices.

Crypto’s funky, new word is… Farcaster.

It’s been mentioned more than any other type of token or project over the last 24 hours.

So, what is it? A new weather app? A new weight moose friend?

Here’s our “Farcaster-For-Dummies” guide:

• It’s a protocol for decentralized social applications.
• It stores data like usernames, profile pictures, posts, reactions to posts, and friends/followers.
• Anyone can build an app that interacts with the data. For example, Warpcast is the top app (it’s a Twitter clone), but there are other applications like Farcord (a Discord clone) and Flink (a Reddit clone). They all use the same data but have different front ends and experiences.
• Users of the day can take it across different apps. Imagine if your Twitter posts and followers carried over to Facebook, and vice versa.

Right now, Farcaster is the hottest thing in crypto.

It’s seen a 200% week-over-week bump in users. Here are the 2 big reasons why…

1/ Farcaster “frames.”

A new feature called “frames” just went live.

It allows users to turn posts with images, links, buttons, etc. into interactive apps.

For example, someone created a full e-commerce experience for ordering Girl Scout Cookies using a Farcaster frame. It lets you…

• Shop for your favorite Girl Scout cookies (Samoas, of course)
• Place the order
• Pay for the order

… directly in the frame, without ever having to leave to an external site or another app.

2/ People are making money from tokens on Farcaster.

Farcaster doesn’t have a native token.

But some of the apps/projects built on it do, and they’ve been airdropping free tokens to early users.

Free money = motivation to try new stuff = more new users.

So now for the million-dollar question… is Farcaster the next big thing in crypto?

Here’s what smart people are saying:

Trader Jake Take: Crypto apps are hard. Social media apps are harder.

Combine the two, and you have the next Mission Impossible.

And we’ve seen what’s happened to other decentralized social media apps….

Lens Protocol had a lot of hype last year, but then it went down.

Friend. Tech had a lot of hype 6 months ago, but then it went down.

With all that being said – whenever a new hype train comes through crypto, it’s always a good idea to try it out.

It’s like hearing a party next door, and you’re just sitting in your house playing Uno. Put the cards down and go check out the party.

That’s why we are looking at setting up a Farcaster account this weekend and trying out our first app on it – Warpcast.

FAST NEWS:

BlackRock and Fidelity hold $5.5B in BTC. Here’s a list of people and companies that hold the sea…  —DL News

Ethereum Name Service (ENS) partners up with GoDaddy. ENS’ native token surged ~10% on the news.

Hawaii launched a new crypto licensing pilot, making crypto legal in the state. According to state administrators, “digital currency companies will no longer require a Hawaii-issued money transmitter license to conduct business within the state.”

Solana registered 12M new addresses in January. That’s a new monthly all-time high and an 18% increase from December.

Genesis has asked a bankruptcy court to approve a $1.4B sale of GBTC shares. Watch out! More GBTC sell pressure could be on its way.

‘Shrapnel’ is getting listed on the Epic Game Store. The blockchain-based, Call of Duty-style game will now be accessible to 200M+ gamers.

Final words:

The market is still consolidating and a big push-up is expected with altcoins in the coming days.

GROW BOT UPDATE:

Copy trade GROW 0.1->10k$ since 18.03.23 we got +219.0% PROFIT!

GROW CURRENTLY:

TRADING COIN: BTC/USDT

SETUP: SHORT

TAKE PROFIT: /

SAFETY ORDERS: /

Liquidation: /

Not Financial Advice!
Good luck with trades,
JAKE