Jake
TOP Trader

BTC:
INTRO: BTC pushing into resistance 50k.

Technical analysis for the BTC/USDT chart:

Key Levels:

• Resistance: $48,500, $47,000
• Support: $43,000, $44,000

Strategy:

• Long: Buy at $43,500 with a stop loss below $42,000 and a target price of $47,000.
• Short: Sell at $45,000 with a stop loss above $47,500 and a target price of $43,000.

Range Description:

BTC/USDT is currently trading between $43,000 and $45,000. 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 $45,000. The $45,000 level has been tested today, and if the price holds above the daily close, it will be confirmed as support. A break above $45,000 would signal a bullish breakout and could send the pair higher to $47,000.

On the downside, BTC/USDT is facing support at $44,000. This level is a previous resistance for the day and now holds as support. A break below $44,000 would signal a bearish breakdown, sending the pair lower to $43,000 or even $42,000.

BTC1D chart TW link: https://www.tradingview.com/x/dDzAEy9C/

ETH:
INTRO: ETH ready to break 2500$ 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 $2200 and $2500. 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 $2320. 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 $2320 would signal a bullish breakout and could send the pair higher to $2320.

On the downside, ETH/USDT is facing support at $2220. This level is a previous swing low and has been tested multiple times in recent weeks as resistance. A break below $2220 would signal a bearish breakdown and could send the pair lower to $2120 or even $2000.

ETH1D chart TW link: https://www.tradingview.com/x/VSUh5EFy/

XRP:
INTRO: XRP is 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 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 $0.50. 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 recently as significant support. A break below $0.48 would signal a bearish breakdown and send the pair lower to $0.46 or even $0.44.

XRP chart TW link: https://www.tradingview.com/x/6vQrvbit/

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 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 $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/nq4AtsP1/

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 in a range 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 recently as significant support. A break below $90 would signal a bearish breakdown and send the pair lower to $70 or even $60.

SOL chart TW link:  https://www.tradingview.com/x/Afm3oBw3/

CRYPTO NEWS:

BITCOIN ORDINALS ARE ON FIRE

Bitcoin Ordinals have been on fire lately.

In simple terms, Ordinals = NFTs on the Bitcoin blockchain.

Well, check it out. Three Bitcoin Ordinals projects have just entered the Top 13 NFT projects by market cap.

The craziest part? The top Ordinals project, RSIC METAPROTOCOL, was an airdrop given to Ordinals users for free two weeks ago.

Now, it’s the 7th most valuable NFT collection in crypto.

WHY THE ON-CHAIN PREDICTION MARKET WILL HAVE A BIG MONTH

The on-chain betting market has been booming.

Just look at Polymarket. Its daily volume went from resembling a skyline in Mississippi to the New York City skyline.

On top of that, Polymarket hit $50M in monthly volume for the first time in January.

We expect it could have an even bigger month in February. Here’s why:

1/ The Super Bowl is coming up.

I have a friend who bets $15,000 on the Super Bowl every year. (We don’t call him ‘Degen Dan’ for no reason).

The twist? He doesn’t bet on the game itself. He bets on everything else.

I’m talking about the weirdest sh*t you can think of:

• What the coin toss will land on – heads or tails.
• How long the national anthem will last (this one usually comes down to how long the final note is held).
• What color the Super Bowl Gatorade will be?

This year, he says he’s using Polymarket.

2/ It’s U.S. presidential election season.

Fun fact: people in the U.S. have been able to bet on the presidential election since 1993.

It started as a project from the University of Iowa and eventually led to the creation of other betting companies like PredictIt.

(Btw, it’s estimated PredictIt saw $150M+ in volume ahead of the 2020 election).

With the U.S. presidential election coming up later this year, we wouldn’t be surprised if hundreds of millions of dollars flow back into the predictions market again – including on-chain solutions.

Final words:

Ethereum’s London upgrade was successfully launched on the Ropsten test network. It’s the final test before the upgrade goes live on Ethereum’s main net later this month.

Wormhole announced an airdrop for its new token, ‘W’. The airdrop will be distributed to core contributors, strategic partners, guardian nodes, and the Wormhole community.

The NBA is facing a lawsuit for the league’s promotional arrangement with Voyager. The crypto trading platform collapsed back in 2022 and owes $4.2B to its customers.

Mastercard launched a new NFT-powered soccer trivia game. The person with the most trivia points after April 30 will win tickets to the Champions League Final at Wembley Stadium in London.

Final words:

After bullish push up from BTC we are expectiong bullish continuation on altcoins.

GROW BOT UPDATE:

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

GROW CURENTLY:

TRADING COIN: BTC/USDT

SETUP: SHORT

TAKE PROFIT: /

SAFETY ORDERS: /

Liquidation: /

Not Financial Advice!
Good luck with trades,
JAKE