Jake
TOP Trader

BTC:
INTRO: BTC breaks support at 43k and faces pushback.

Technical analysis for the BTC/USDT chart:

Key Levels:

• Resistance: $45,500, $44,000
• Support: $43,000, $41,500

Strategy:

• Long: Buy at $43.000 with a stop loss below $40,000 and a target price of $45,500.
• Short: Sell at $44,000 with a stop loss above $45,500 and a target price of $40,000.

Range description:

BTC/USDT is currently trading in a range between $40,500 and $44,000. The pair has broken into this 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 $44,000. The $43,000 level has been tested today, and if the price holds above 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 $45,500.

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 $40,000 would signal a bearish breakdown and could send the pair lower to $37,000 or even $35,000.

BTC1D chart TW link: https://www.tradingview.com/x/hVK1TA8I/

ETH:
INTRO: Breaking through $2,320 resistance will push ETH higher, hang in there.

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

Key Levels:

• Resistance: $2520, $2420
• Support: $2220, $2320

Strategy:

• Long: Buy at $2320 with a stop loss below $2220 and a target price of $2420.
• Short: Sell at $2420 with a stop loss above $2520 and a target price of $2100.

Range description:

ETH/USDT is currently trading in a range between $2100 and $2400. The pair has broken into this 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 $2420. 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 $2420 would signal a bullish breakout and could send the pair higher to $2520.

On the downside, ETH/USDT is facing support at $2320. This level is a previous swing low and has been tested multiple times in recent weeks as resistance. A break below $2320 would signal a bearish breakdown and could send the pair lower to $2220 or even $2000.

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

XRP:
INTRO: XRP is trying to hold above $0.62 for a bigger push upwards with a high probability of a pullback.

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

Key Levels:

• Resistance: $0.62, $0.67
• Support: $0.58, $0.54

Strategy:

• Long: Buy at $0.62 with a stop loss below $0.58 and a target price of $0.67.
• Short: Sell at $0.62 with a stop loss above $0.67 and a target price of $0.58.

Range description:

XRP/USDT is currently trading in a range between $0.58 and $0.67. The pair has shifted into this 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 $0.66. 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 $0.67 would signal a bullish breakout and could send the pair higher to $0.7.

On the downside, XRP/USDT is facing support at $0.62. This level is a previous swing low and has been tested multiple times in recent weeks as significant support. A break below $0.62 would signal a bearish breakdown and could send the pair lower to $0.58 or even $0.54.

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

LINK:
INTRO: LINK is trying to break through the $17 resistance and continue the bullish move upwards.

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

Key Levels:

• Resistance: $16.5, $17
• Support: $15, $16

Strategy:

• Long: Buy at $16 with a stop loss below $15and a target price of $17.
• Short: Sell at $17 with a stop loss above $17.5 and a target price of $14.

Range description:

LINK/USDT is currently trading in a range between $16 and $17. The pair has shifted into this 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 $17. 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 $17 would signal a bullish breakout and could send the pair higher to $18.

On the downside, LINK/USDT is facing support at $16. This level is a previous swing low and has been tested multiple times in recent weeks as significant resistance. A break below $16 would signal a bearish breakdown and could send the pair lower to $13 or even $14.

LINK chart TW link: https://www.tradingview.com/x/li6RmCYP/

SOL:
INTRO: SOL is pushing for a bullish breakout.

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

Key Levels:

• Resistance: $107, $120
• Support: $90, 100$

Strategy:

• Long: Buy at $100 with a stop loss below $90 and a target price of $120.
• Short: Sell at $107 with a stop loss above $120 and a target price of $100.

Range description:
SOL/USDT is currently trading in a range between $100 and $126. However, there are signs that the pair is ready to make a move to push strong resistance at $120.

On the upside, SOL/USDT is facing resistance at $107. 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 $107 would signal a bullish breakout and could send the pair higher to $126.

On the downside, SOL/USDT is facing support at $100. This level is a previous swing low and has been tested multiple times in recent weeks as significant support. A break below $100 would signal a bearish breakdown and could send the pair lower to $90 or even $80.

SOL chart TW link:  https://www.tradingview.com/x/tRnHrS9R/

CRYPTO NEWS:

CHART OF THE DAY: ETHEREUM HAS MORE HODLERS THAN BITCOIN

The amount of ETH owned by “long-term hodlers” has just surpassed 70% – a new record.

(BTW, “long-term” means holding ETH for more than 1 year).

The crazy part? Ethereum now has more long-term HODLers than Bitcoin.

Why this matters: This is a positive sign for ETH’s future price action since long-term holders are, well, in it for the long haul and are less likely to sell in the near term.

More long-term believers = fewer significant price drops.

FAST NEWS:

Constellation Network’s Dor Traffic Miner (DTM) just went live for sale. DTM is the world’s first thermal-sensing, people-counting data miner—allowing anyone to passively earn DAG & DOR crypto rewards after setting up their hardware device.*

Binance founder Changpeng Zhao’s (CZ) wealth grew by $25 billion in 2023. He got sued, charged, and arrested by the U.S. government…but at least he’s the 35th richest person on Earth now.

Telcoin was hacked for $1.3M. The Polygon-based wallet has deployed fixes to block further exploits as it works on reimbursing all drained funds before resuming wallet app services.

Barry Silbert and Mark Murphy to exit the Grayscale board. Both resignations are effective Jan. 1, 2024.

The top 10 most expensive NFT sales of 2023. The surprising part? Bored Apes and CryptoPunks accounted for 9 out of the 10 priciest buys this year.

Bitcoin faces the risk of protocol-level censorship as miners encounter increasing regulatory pressure. Bitcoin miners are increasingly obligated to monitor their transactions and filter out those connected to addresses with criminal ties.

Metal X is a suite of decentralized financial, crypto-based services running on the XPR Network. Developed by Metallicus, the company behind the network itself, Metal Pay, and WebAuth Wallet, Metal X seamlessly integrates with the WebAuth Wallet and offers a range of financial services.

Final words:

Market faking push up please don’t be trapped in long position above local resistance.

WE celebrate 1 year of blog posting by Top Trader Jake we are happy to announce that we upgrade BLOG post with more information and trading setups!

Please send us message what coin would you like to see in Trader Jake Technical Analysis we are ready to add more coins and setups.

GROW BOT UPDATE:

Copy trade GROW 0.1->10k$ since 18.03 we got +186.0% PROFIT!

GROW CURENTLY:

TRADING COIN: BTC/USDT

SETUP: SHORT

TAKE PROFIT: /

SAFETY ORDERS: /

Liquidation: /

Not Financial Advice!
Good luck with trades,
JAKE