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Jake
TOP Trader
BTC:
INTRO: BTC pushing into 59k resistance.
Technical analysis for the BTC/USDT chart:
Key Levels:
- Resistance: $59,000
- 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, sending the pair lower to $45,000 or even $42,000.
BTC1D chart TW link: https://www.tradingview.com/x/BxJXAeFk/
ETH:
INTRO: ETH pushing above 3000$.
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 $2200.
ETH1D chart TW link: https://www.tradingview.com/x/VY9c10Rl/
XRP:
INTRO: XRP pushing into 0.56$.
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 send the pair lower to $0.46 or even $0.44.
XRP chart TW link: https://www.tradingview.com/x/nLLAemiU/
LINK:
INTRO: LINK pushing into 19$.
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 $16.
LINK chart TW link: https://www.tradingview.com/x/VIU6hPQ4/
SOL:
INTRO: SOL retesting 107$ support.
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 send the pair lower to $70 or even $60.
SOL chart TW link: https://www.tradingview.com/x/a5jdkaPp/
CRYPTO NEWS:
70% OF TOKENS DIE AFTER BULL RUNS
There are 3 certainties in life…
1/ Death
2/ Taxes
3/ Most cryptocurrencies will shut down, even ones that do well during bull runs
Don’t believe me? Here are some stats for ya…
- In the 2017-2018 bull run, there were ~3k tokens… ~70% died after the run.
- In the 2020-2021 bull run, there were ~11k tokens… ~70% died after the run.
The lesson: don’t marry your shiny new objects, not everything that glitters in a bull run is gold.
WHEN SHOULD YOU SELL YOUR AIRDROP TOKENS?
Check this out. CoinGecko just dropped a new report on airdrops.
The study analyzed the days it took the top airdrops to achieve their peak returns.
The results? 46% of the top 50 airdrops hit all-time highs within 2 weeks.
Here were some of the biggest performances:
- MANTA: +72% by Day 12 of trading
- ENS: +73% by Day 2 of trading
- X2Y2: +121% by Day 2 of trading
- LOOKS: +192% by Day 10 of trading
- MAVIA: +217% by Day 13 of trading
FAST NEWS:
A new fee-switch proposal has been submitted for Uniswap’s decentralized exchange. If passed, UNI token holders who stake and delegate their staked tokens will receive a portion of the protocol’s fee earnings. —DL News.
Riot Platforms revealed it generated $281 million in total revenue last year. The Bitcoin miner produced 6,626 BTC throughout the year.
Grayscale says it’s open to M&A-related opportunities. “Our eyes and ears are open, and sometimes people are approaching us about strategically working together.” – Grayscale’s CEO.
A U.S. federal judge has signed off on Binance’s $4.3 billion plea deal. Under the deal’s terms, the exchange would pay $4.3 billion, appoint an independent compliance monitor, and have its CEO (Changpeng Zhao) step down.
OANDA is launching a new crypto trading platform in the UK. The global brokerage firm will offer trading in over 63 cryptocurrency pairs, including Bitcoin, Ether, and Ripple, with plans to add more tokens and features over the year.
Final words:
BTC leading pump up and altcoins are on wait for next push up.
GROW BOT UPDATE:
Copy trade GROW 0.1->10k$ 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
