Jake
TOP Trader

BTC:
INTRO: BTC pushing 52k.

Technical analysis for the BTC/USDT chart:

Key Levels:

• Resistance: $52,800, $52,000
• Support: $50,000, $48,200

Strategy:

• Long: Buy at $50,100 with a stop loss below $48,000 and a target price of $52,000.
• Short: Sell at $52,000 with a stop loss above $53,500 and a target price of $47,000.

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 and could send the pair lower to $45,000 or even $42,000.

BTC1D chart TW link: https://www.tradingview.com/x/LZ7iNHPS/

ETH:
INTRO: ETH ready to break 3000$.

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

Key Levels:

• Resistance: $3000, $2850
• Support: $2515, $2780

Strategy:

• Long: Buy at $2780 with a stop loss below $2400 and a target price of $3000.
• Short: Sell at $3000 with a stop loss above $3100 and a target price of $2800.

Range Description:

ETH/USDT is currently trading between $2800 and $3000. 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 send the pair lower to $2300 or even $2200.

ETH1D chart TW link: https://www.tradingview.com/x/KbV6IcmM/

XRP:
INTRO: XRP pushing into 0.58$ resistance.

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 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/thqb0TNC/

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/l5J9k8zN/

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 against 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 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/8pbLT3h4/

CRYPTO NEWS:

Bitcoin ETF Mania Drives Record Week for Crypto Funds So Far This Year

Demand for the recently approved spot Bitcoin exchange-traded funds (ETFs) doesn’t appear to be going anywhere: Last week alone, investors poured $2.45 billion into crypto funds—a new record, according to CoinShares.

The Jersey-based digital asset manager said in a Monday report that the total assets under management of the funds now stand at $67 billion—the highest since December 2021, amid a bull run.

CoinShares tracks institutional investor data; the crypto funds it mentions in its report include Grayscale, 21Shares, and ProShares, which all provide services to significant investors.

Now on the list of prominent funds are the 10 spot Bitcoin ETFs trading on U.S. stock exchanges.

In January, the Securities and Exchange Commission finally gave the green light to such products, allowing traditional investors to gain exposure to cryptocurrencies in a safe and regulated way.

And the products have been a huge success as investors, previously unable to access Bitcoin in a safe and regulated manner, flock to the space. BlackRock, the world’s biggest asset manager, last week experienced the largest inflows, as the CoinShares report showed, with its iShares Bitcoin Trust receiving over $1.6 billion.

Most of the money into crypto funds has been focused on Bitcoin exposure, Coinshares said, as funds tied to the digital assets Avalanche, Chainlink, and Polygon all experienced respective inflows of $1 million or less.

The price of the largest digital coin by market cap, Bitcoin, now stands at $51,800, having risen by about 4% over seven days.

FAST NEWS:

FTX and 3AC Creditors Benefit from Worldcoin’s Surge: Early investors in Worldcoin, including FTX and 3AC, benefited from a 200% spike in its price. This surge is significant for the creditors of these companies, highlighting the interconnected nature of the crypto investment ecosystem.

Whale Activity in Bitcoin and Ethereum: Crypto whales have taken advantage of recent price dips to buy Bitcoin and Ethereum at lower prices, indicating a strong belief in the market’s recovery potential. Despite the buying activity, both cryptocurrencies’ prices have slightly decreased, leaving investors watching for future movements.

Coinbase Drops Bitcoin Support for Payment Portal: In a surprising move, Coinbase has removed support for Bitcoin and other UTXO-based cryptocurrencies from its payment platform. This decision marks a significant shift for one of the largest crypto exchanges and payment providers.

Regulatory Developments and Market Sentiment: The market is closely watching regulatory developments, such as the SEC vs. Ripple case, and strategic moves by major players like Binance and Coinbase. These factors, along with investor sentiment and whale activity, are crucial in shaping the crypto market’s direction.

Final words:

Take care of your late longs we could see correction soon if bigger resistance is not breaken.

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