Jake
TOP Trader

BTC:
INTRO: BTC pushing into resistance 44k.

Technical analysis for the BTC/USDT chart:

Key Levels:

• Resistance: $44,000, $43,000
• Support: $41,500, $40,200

Strategy:

• Long: Buy at $41,500 with a stop loss below $40,000 and a target price of $44,000.
• Short: Sell at $43,000 with a stop loss above $44,500 and a target price of $40,200.

Range Description:

BTC/USDT is currently trading in a range between $38,500 and $42,000. 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 $43,000. The $43,000 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 $43,000 would signal a bullish breakout and could send the pair higher to $45,000.

On the downside, BTC/USDT is facing support at $41,500. This level was a previous resistance for the day and now holds as support. A break below $41,500 would signal a bearish breakdown and could send the pair lower to $40,000 or even $39,000.

BTC1D chart TW link: https://www.tradingview.com/x/bIM21Svh/

ETH:
INTRO: ETH testing support at 2200$.

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

Key Levels:

• Resistance: $2320, $2420
• Support: $2220, $2100

Strategy:

• Long: Buy at $2220 with a stop loss below $2100 and a target price of $2320.
• Short: Sell at $2320 with a stop loss above $2420 and a target price of $2200.

Range Description:

ETH/USDT is currently trading in a range between $2,200 and $2,500. 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 $2,320. 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 $2,320 would signal a bullish breakout and could send the pair higher to $2,320.

On the downside, ETH/USDT is facing support at $2,220. This level is a previous swing low and has been tested multiple times in recent weeks as resistance. A break below $2,220 would signal a bearish breakdown and could send the pair lower to $2,120 or even $2,000.

ETH1D chart TW link: https://www.tradingview.com/x/EyLxBB8R/

XRP:
INTRO: XRP holding above 0.5$ and needs to hold before the big nuke.

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

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

LINK:
INTRO: LINK in full bullish breakup.

Here is a technical analysis for the LINK/USDT chart:

Key Levels:

• Resistance: $15, $16
• Support: $13.3, $14

Strategy:

• Long: Buy at $14 with a stop loss below $13 and a target price of $16.
• Short: Sell at $15 with a stop loss above $16.5 and a target price of $14.

Range Description:

LINK/USDT is currently trading in a range between $14 and $16. 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 $15. This level has been tested today, and if the price holds above the daily close, it will be confirmed as support. A break above $15 would signal a bullish breakout and could send the pair higher to $17.

On the downside, LINK/USDT is facing support at $14. This level is a previous swing low and has been tested multiple times in recent weeks as significant resistance. A break below $14 would signal a bearish breakdown and could send the pair lower to $13 or even $12.

LINK chart TW link: https://www.tradingview.com/x/IOYi0J2p/

SOL:
INTRO: SOL fighting with 100$ 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 could send the pair lower to $70 or even $60.

SOL chart TW link: https://www.tradingview.com/x/3efyjmeV/

CRYPTO NEWS:

QUICK HITTERS FROM TWITTER

The 3 most hated letters in crypto (FTX) are back in crypto’s center stage.

This time, there’s good news:

Pretty sweet, right?

Well, there’s a twist: creditors will get refunded based on crypto prices as of November 2022.

• BTC’s price (Nov 2022): ~$17,000
• BTC’s price (Today): ~$43,000

Talk about bittersweet…

On one hand, creditors get some money back. (Break out the bubbly!)

On the other hand, it’s a fraction of BTC’s price now. (Pour one out for the profits).

2/ Tether makes it rain…

Tether just released its attestation report:

• Profit last quarter: $2.85B. $1B from net operational profit (mainly U.S. T-Bill interests) and $1.85B from gold and BTC holdings.
• Total profit for 2023: $6.2B (!!)
• Total U.S. T-Bill exposure: $80.3B.
• Excess reserves: $5.4B.

The craziest part? Tether made more money than Goldman Sachs last quarter…

… with less than 100 employees. ?

Tiny, but mighty.

3/ CryptoPunk #5363 was “accidentally” bought for 655 ETH.

On today’s episode of ‘Crypto Investor Gets Rekt’…

The buyer paid 10x the floor price. Many are speculating the sale was either…

• A “fat finger” mistake. If true, get rid of the finger.
• A wash trade. This is often used for tax evasion or as a way to legitimize funds from questionable origins.

Do I support wash trading? No.

Do I hope it was a wash trade? Kinda… I wouldn’t wish a $1.5M fat finger mistake on my worst enemy.

4/ Words from the Wise…

Great words to live by.

FAST NEWS:

Celsius is emerging from bankruptcy this week. The former crypto lending platform will distribute $3B back to creditors.

The Fed holds interest rates; Powell says sticky inflation would delay future cuts. The Fed opts to hold rates for a fourth consecutive time, citing high job openings and slightly improving inflation.

The SEC moves to drop the DEBT Box case, for now, after sanctions threats. The SEC told the court that, while it made a mistake, dismissing these charges should be the only sanctions they face.

Binance launched a marketplace for inscription tokens. Binance’s newly launched inscriptions marketplace follows OKX’s move earlier this week to enable Doginals, Stamps, and Runes inscription standards.

Worldcoin is under investigation in Hong Kong over data privacy concerns. Hong Kong’s Office of the Privacy Commissioner for Personal Data said Worldcoin is suspected of mishandling the biometric data it has obtained.

Final words:

Market is preparing some bigger push up. Take your positions and wait for it.

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