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/BAiWfqvp/

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 could send the pair lower to $2300 or even $2200.

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

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 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 could send the pair lower to $0.46 or even $0.44.

XRP chart TW link: https://www.tradingview.com/x/vziw3WMK/

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/lnBR6zm4/

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 through 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 could send the pair lower to $70 or even $60.

SOL chart TW link:  https://www.tradingview.com/x/JBWccud9/

CRYPTO NEWS:

THE LAYER 1 WAR IS HEATING UP

Blockchains are like onions. They both make you cry, and they both have layers.

There are…

• Layer 1s like Ethereum, Bitcoin, and Solana.
• Layer 2s like Arbitrum, Optimism, and Base.
• And rumor has it, Layer 3s are coming soon. (At this rate, blockchains are gonna be a 6-layer dip by next year’s Super Bowl).

Well, check it out. The Layer 1 Wars have been heating up recently.

Here’s how the L1 tokens have performed over the last 3 months:

The surprising part? BTC and ETH haven’t been leading the rally over the last 3 months. The “underdogs” have…

• SEI (+450%): a blockchain specialized for trading.
• RON (+220%): a blockchain specialized for gaming.
• SUI (+200%): a blockchain specialized for financial services.

The big takeaway: crypto has gone multi-chain.

Different chains for different pains.

FAST NEWS:

Ripple inked a deal to purchase New York trust company Standard Custody & Trust. Through the acquisition, the payment platform secured a limited-purpose trust charter to expand the regulatory services it can offer clients in the US.

Aptos is launching a password-less passkey authentication for transactions. Passkeys are more user-friendly and mirror the ease of use in services like Apple Pay or Google Pay.

Sushi announced it’s launching a decentralized derivatives exchange called Susa. Devs will be able to create custom applications on top of the exchange, spanning from smart contract applications to full-fledged rollups.

Ethereum devs can now deploy apps on Sei’s parallelized EVM. Sei is hoping to lure developers with an execution environment it says offers the “best of Ethereum and Solana.”

PlayDapp lost $290M in 2 separate hacks over the last week. A double whammy.

Glenlivet Distillery is launching a new whiskey collection with NFTs. Each bottle in “The Twelve Elements” collection is paired with a unique NFT on the Ethereum blockchain – they’ll serve as digital certificates, ensuring proof of ownership.

Final words:

Big resistance is in front of BTC but alts need to catch this leg 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

TAKE PROFIT: /

SAFETY ORDERS: /

Liquidation: /

Not Financial Advice!
Good luck with trades,
JAKE