BTC pumping into the golden rush.

11.03.2024

ETH the following push and going to an all-time high.

Jake
TOP Trader

BTC:
INTRO: BTC pushing above 70k$.

Technical analysis for the BTC/USDT chart:

Key Levels:

• Resistance: $75.000,$72.500
• Support: $69,000, $67,200

Strategy:

• Long: Buy at $69,100 with a stop loss below $65,000 and a target price of $75,000.
• Short: Sell at $75,000 with a stop loss above $77,500 and a target price of $69,000.

Range Description:

BTC/USDT is currently trading in a range between $67,000 and $73,000. The pair has broken into range during the day. However, there are signs that the pair is ready to make a move with possible retest of support.

On the upside, BTC/USDT is facing resistance at $73,000. And 73,000$ level has been tested today and if the price holds above on daily close it will be confirmed as support. A break above $73,000 would signal a bullish breakout and could send the pair higher to $80,000.

On the downside, BTC/USDT is facing support at $48,500. This level is 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/q2XHzPvT/

ETH:
INTRO: ETH running into 4000$.

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

Key Levels:

• Resistance: $4000, $3800
• Support: $3700, $3600

Strategy:

• Long: Buy at $3700 with a stop loss below $3600 and a target price of $4000.
• Short: Sell at $4000 with a stop loss above $4100 and a target price of $3800.

Range Description:

ETH/USDT is currently trading in a range between $3800 and $4000. The pair has broken into range during the day. However, there are signs that the pair is ready to make a move with possible retest of support.

On the upside, ETH/USDT is facing resistance at $4000. This level hasn’t been tested today and if the price holds above on the daily close it will be confirmed as support. A break above $4000 would signal a bullish breakout and could send the pair higher to $4100.

On the downside, ETH/USDT is facing support at $3800. This level is a previous swing low and has been tested multiple times in recent weeks as resistance. A break below $3800 would signal a bearish breakdown and could send the pair lower to $3700 or even $3600.

ETH1D chart TW link: https://www.tradingview.com/x/2tSur3dN/

XRP:
INTRO: XRP pushing into 0.62$

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 range during the day. However, there are signs that the pair is ready to make a move with 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 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 big 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/ZfIKMjLr/

LINK:
INTRO: LINK pushing above 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 range during the day. However, there are signs that the pair is ready to make a move with 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 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 big 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/yCPd8uBr/

SOL:
INTRO: SOL pushing to 150$ resistance.

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

Key Levels:

• Resistance: $135, $126
• Support: $120, 107$

Strategy:

• Long: Buy at $120 with a stop loss below $100 and a target price of $130.
• 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 120$ and 140$. However, there are signs that the pair is ready to make a move to push strong resistance at 150$.

On the upside, SOL/USDT is facing resistance at $135. This level it has been tested today and if the price holds above on the daily close it will be confirmed as support. A break above $135 would signal a bullish breakout and could send the pair higher to $150.

On the downside, SOL/USDT is facing support at $120. This level is a previous swing low and has been tested multiple times in recent weeks as big support. A break below $120 would signal a bearish breakdown and could send the pair lower to $100 or even $90.

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

CRYPTO NEWS:

INTRODUCING… ‘SUPER-FUNGIBLE TOKENS’

You’ve heard of fungible tokens…

And non-fungible tokens (NFTs)…

Now say hello to super-fungible tokens.

• Sony filed a patent to create “super-fungible tokens” (SFT) for video games.

• SFTs = a bundle of NFTs that are tied to in-game assets. Think skins, weapons, etc.

• This makes it easier for users to transfer, sell, and trade their in-game assets.

• The SFTs are stored and tracked on a “distributed ledger”. AKA a blockchain.

Here’s a quick diagram of how it works…

This is big.

Gamers spend billions of dollars on in-game assets each year. (In 2020 alone, gamers spent ~$54B on skins, weapons, etc.).

And just to be clear – these skins don’t actually do anything in the game.

Just like wearing Jordans doesn’t make you dunk, and Lous Vuitton doesn’t make you more French.

They’re more like status symbols. Look good, feel good.

But there’s a problem… gamers don’t actually “own” the assets they buy.

Can’t sell them. Can’t trade them. Can’t transfer them to another game. Nada.

NFTs and SFTs change that. In theory, you’d be able to…

• Sell or trade your in-game assets as NFTs, or you could bundle them together as an SFT (i.e. trade 1 skin + 1 gun for another set of skins/guns).

• Take an item from one game and directly transfer/use it in another game that supports the SFT infrastructure.

It’ll probably be a few years until we see this implemented in the wild, but it’s still pretty cool to see that gaming giants (like Sony) have NFTs and blockchain tech on their radar.

FAST NEWS:

Bitwise is predicting ETH could run to $10K or higher this year. The main catalysts? The upcoming Dencun upgrade and excitement around spot ETF applications.

Bitcoin ETFs have accumulated $8.5B in net inflows since they launched less than 2 months ago. The funds are now consistently pacing within the top 20 most actively traded ETFs each day.

Daily trading volume on crypto exchanges (CEXs) has risen to $100B. Crypto investors haven’t been this CEX-ually active since 2021.

Bitcoin’s “Kimchi Premium” hit a new 2-year high in South Korea. The rise in the “Kimchi Premium” (i.e. the gap between BTC prices on South Korean crypto exchanges and global exchanges) is a bullish sign that retail investors are getting back into the market.

Kamino has scheduled its token airdrop for April. The Solana-based DeFi protocol will take a snapshot of eligible users on March 31.

Binance launched a new platform (called Next) that will let users bet on future token listings. If successful, these users would earn rewards in the form of bonus vouchers for futures trading or trading fee rebates.

Final words:

BTC making history will altcoins following up.

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
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