Jake
TOP Trader

BTC:
INTRO: BTC breaking 50k.

Technical analysis for the BTC/USDT chart:

Key Levels:

• Resistance: $48,500, $50,000
• Support: $45,500, $47,100

Strategy:

• Long: Buy at $47,100 with a stop loss below $45,000 and a target price of $50,000.
• Short: Sell at $50,000 with a stop loss above $52,500 and a target price of $45,000.

Range Description:

BTC/USDT is currently trading between $47,000 and $52,000. 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 $50,000. The $50,000 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 $50,000 would signal a bullish breakout and could send the pair higher to $52,000.

On the downside, BTC/USDT is facing support at $48,500. This level was a previous resistance for the day and now holds as support. A break below $48,500 would signal a bearish breakdown, sending the pair lower to $45,000 or even $42,000.

BTC1D chart TW link: https://www.tradingview.com/x/4QE9qvRp/

ETH:
INTRO: ETH ready to break 2780$.

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

Key Levels:

• Resistance: $2680, $2780
• Support: $2515, $2420

Strategy:

• Long: Buy at $2515 with a stop loss below $2400 and a target price of $2720.
• Short: Sell at $2720 with a stop loss above $2820 and a target price of $2500.

Range Description:

ETH/USDT is currently trading between $2500 and $2800. 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 $2780. 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 $2780 would signal a bullish breakout and could send the pair higher to $3000.

On the downside, ETH/USDT is facing support at $2515. This level is a previous swing low and has been tested multiple times in recent weeks as resistance. A break below $2515 would signal a bearish breakdown and could send the pair lower to $2300 or even $2200.

ETH1D chart TW link: https://www.tradingview.com/x/4ci4ck1w/

XRP:
INTRO: XRP holding above 0.52$ and ready to push up.

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 it on 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/loOXLyi5/

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 it on 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/NmvT4sgo/

SOL:
INTRO: SOL pushing into 120$ 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 it on 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/VtipJUtm/

CRYPTO NEWS:

THE STATE OF CRYPTO

Let’s talk about the state of crypto.

But instead of throwing a boring 10-page PDF at you, we’re gonna do it in 4 pictures.

Why? Because we like our industry reports the same way we like our rice – quick, easy, and ready in 90 seconds. (Shoutout to Uncle Ben).

OK, let’s dive in.

1/ Institutional money keeps flowing into crypto-related products

The results from CoinShares’ latest Digital Asset Fund Flow report are in… drumroll…

• $1.1B was invested in digital asset investment products last week, bringing the year-to-date total to $2.7B in inflows.
• Total assets under management (AUM) just hit $59B, the highest level since early 2022.
• The focus remains on newly issued Bitcoin ETFs. The new Bitcoin ETFs have seen $3B in total inflows since January 11th. (Fun fact: it took Gold about 2 years to hit that mark).
• BTC led the way and made up 98% of the inflows. If you come for the King, you best not miss…
• Most altcoins also saw minor inflows. ETH, SOL, ADA, AVAX, and MATIC all saw inflows between $1M – $16M.

This is now the 3rd week this year where weekly inflows have hit $700M+.

Ladies & gents, the institutional floodgates have been busted wide open.

2/ DeFi TVL is at its highest level in 20 months

The total value locked (TVL) across DeFi protocols just crossed $69B (giggity) for the first time since June 2022…

• TVL on Ethereum: $41.2B – this is a +37% increase over the last month, led by protocols like EigenLayer, Spark, and Ether.fi, Pendle, and Swell.

• TVL on Solana: $1.92B – this is a +35% increase over the last month, led by protocols like Jito, Kamino, Marginfi, and Marinade Finance.

• TVL on Arbitrum: $2.9B (highest ever) – this is a +12% increase over the last month, led by protocols like GMX, Hyperliquid, and Camelot.

• TVL on Bitcoin: $927.5M (highest ever) – this is a +182.9% increase over the last month, led by protocols like Merlins Seal, Lightning Network, and Thorchain.

It’s official… DeFi has gone multi-chain.

3/ Here’s what happens to ‘shiny objects’ in crypto…
Remember Friend. Tech?

• It was the social media dApp that had everyone in crypto hot & bothered a few months ago.
• It hit a peak of 70K+ daily users.
• It attracted big names – including athletes, pro gamers, and OnlyFans creators (i.e. The Holy Trinity of Influencers™).

Fast forward to today, Friend. Tech has about 300 daily users…

The lesson: not everything that glitters is gold.

You’re gonna see a new shiny crypto project every week, most start with a bang and end with a whisper.

FAST NEWS:

Stablecoin transactions are booming in Argentina. The country has long suffered from economic troubles, and the inflation rate last year rose above 200%. The solution? Stablecoins.

Ledger is teaming up with Coinbase to streamline crypto purchases. The new partnership will allow users to easily purchase cryptocurrencies and transfer them into self-custody storage.

Franklin Templeton is joining the race to launch a spot in ETH ETF. According to the Monday filing, Franklin is also interested in staking the ether (ETH) held by the proposed fund.

Puffer Finance hit $850M in total value locked (TVL). It’s now the second-largest liquid staking protocol.

FTX’s bankruptcy estate plans to sell one of the exchanges’ recently acquired businesses. The business was acquired for $10M a few months before FTX went bankrupt. Now, they’re planning to sell it for $500,000 – a 95% loss. Ouch.

Ethiopia’s cheap electricity is attracting mining companies. The country has banned crypto trading but legalized Bitcoin mining in 2022.

Final words:

Altcoins are pushing new highs and breaking resistance push is strong.

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