Jake
TOP Trader

BTC:
INTRO: BTC pushing 52k.

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 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/wdSyX9LD/

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 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/ebVZn3wa/

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 in a range 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 in recent weeks 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/kdRBqUXW/

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 in a range 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/RW3gqWe3/

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 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 in recent weeks 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/FMehZZYi/

CRYPTO NEWS:

HERE’S WHY THE BTC RALLY IS JUST GETTING STARTED

BTC just surged past $52K and is back in the trillion-dollar asset club, a milestone not seen since 2021.

Suddenly, investors are Zillow-shopping for lavish mansions and choosing names for future yachts as if they were pets.

But there’s still one question on everyone’s mind—how long will the party last?

Well, here are 5 signs the crypto rally is just getting started:

1/ For the first time, BTC has consistent inflows.

Where’s it coming from? Institutional investors.

Bitcoin ETFs have seen 13 straight days of net inflows (in green below).

In the 23 trading days since launch, there have been 11 days with $100M+ in net inflows.

This includes $2B+ in net inflows over the last 4 days. That’s half a billy… Every. Single. Day.

On top of that, firms like Fidelity are allocating 1% of their funds to buy more BTC.

• These are typically considered “conservative” bets—AKA, boring investments that get older folks, like my Uncle Ed, excited.
• This includes things like investment-grade debt, U.S. equities, international equities, etc.

Now, crypto is on that list.

Side note: it’s amusing how crypto went from “a risky asset used by drug dealers and terrorists” to “a conservative asset your grandma should invest in.”

No complaints here, though. This will normalize exposure to BTC and help bring in slow but steady flows.

2/ ETF issuers are buying up more BTC than miners are producing.

Here are some numbers for you:

• On Monday, Bitcoin miners produced ~1,050 BTC, worth ~$51M.
• That same day, Bitcoin ETF issuers bought ~10,280 BTC, worth $493.4M.

I know this sounds like a 5th-grade math problem (if Robert has 9 apples… and Julie takes 4… how many apples are left)… sorry, didn’t mean to trigger any PTSD.

We just wanted to point out that a lot more BTC is being bought than mined daily. And it’s been a trend in 14 out of the last 23 trading days:

I’m no mathematician but… lots of demand + little supply = PGO (price goes up).

3/ Gold is losing its shine.

Here’s an interesting trend… investors are dumping Gold ETF shares for BTC.

According to Bloomberg analysts, the 14 leading Gold ETFs have experienced $2.4B in outflows this year.

4/ Institutional investors are finding new (weird) ways to promote crypto.

• A lot of these 60-year-old investment firms have been leaning on “culture-first marketing.”
• Franklin Templeton ($1.5T in assets under management) changed its Twitter profile pic to Benjamin Franklin, with Bitcoin-laser eyes.
• VanEck ($76.4B in assets under management) made its ETF ticker ‘HODL’.
• It’s like seeing your grandpa pull up to the family reunion in brand-new Jordans and a Supreme hat…

The latest stunt? VanEck launched crypto-themed Valentine’s Day candies.

I’ll be honest… “Billion-dollar asset manager launching I <3 Satoshi candies” was not on my Bingo card this year.

Sounds silly, but stuff like this will help get more eyes on crypto.

5/ Retail investors aren’t here yet.

Tracking ‘Google Searches’ is a good way to spot trends and gauge interest from the Average Joe.

(i.e. if someone’s curious about something, they’ll Google it!)

Well…

• The last time BTC was at $50K, Google search volumes had a score of 70.

• Now that BTC is back at $50K, Google search volumes have a score of 20.

The big takeaway: retail investors haven’t gotten to the party yet.

We’re still in the pregame.

FAST NEWS:

Taurus and Lido are teaming up to bring liquid ETH staking to Swiss banks. Swiss-based FINMA-regulated banks can now offer liquid staking via Taurus and Lido.

Genesis got court approval to offload $1.6B in GBTC shares. The motion allows the debtors to sell the shares at their discretion and does not set up a timeline.

The UK’s Financial Conduct Authority (FCA) issued 450 warnings to crypto firms in the final months of 2023. They also removed 35 apps from the App Store by the end of December.

An Australian officer is being accused of stealing millions in seized BTC. An Australian Federal Police (AFP) officer has been accused of stealing over 81.616 Bitcoin from an online drug trafficking investigation in 2019.

EigenLayer is now the 5th largest protocol in DeFi. The liquid staking platform has seen $4.3B in inflows over the last 10 days.

The first gallery dedicated to Bitcoin Ordinals artwork is opening up in San Francisco. The San Francisco gallery aims to be a permanent fixture, continually offering new exhibitions and spotlighting artists that capture the attention of the Ordinals space.

The U.S. Treasury debunked the narrative that terrorists rely on crypto. The Treasury’s top official on terrorism, Brian Nelson, said Hamas and other groups still prefer traditional financing, and crypto isn’t figuring into their funding in a big way.

Final words:

Altcoins are ready for big catchup swing up and BTC looking for retest.

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