New year new trading opportunities!!!

01.01.2024

The new year brings new trading setups and preparation for big news.

Jake
TOP Trader

BTC:
INTRO: BTC consolidating at 42k.

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 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 $44,000. And 43,000$ 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 is 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/JaUrmIOR/

ETH:
INTRO: ETH breaking 2320$ resistance will push up hold on.

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 $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 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 $2420. This level wasn’t tested today and if the price holds above 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/PTWqxYy7/

XRP:
INTRO: XRP is trying to hold above 0.62$ for a bigger push-up with a big possibility of pushback.

Here is a technical analysis of 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 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 $0.66. 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 $0.67 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 big 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/iMLpD7WT/

LINK:
INTRO: LINK trying to break the 17$ resistance and continue a bullish push-up.

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

Key Levels:

• Resistance: $16.5, $16
• Support: $15, $14

Strategy:

• Long: Buy at $15 with a stop loss below $14 and a target price of $17.
• Short: Sell at $16.5 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 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 $17. 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 $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 big 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/vWYF3uCU/

SOL:
INTRO: SOL pushing fully into the bullish breakout.

Here is a technical analysis of 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 it has been tested today and if the price holds above 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 big 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/WJDHHrSD/

CRYPTO NEWS:

INTERESTING THINGS TO END THE YEAR

1. BITCOIN HAS A NEW COMMERCIAL.

There was a Bitcoin ETF commercial going viral last week. It featured “The Most Interesting Man in the World.”

Now, a new Bitcoin ETF is getting the attention…

• Great concept – i.e. comparing the criticism around crypto now to the criticism around the internet back in the day (too slow and complicated).

• Solid slogan – “Understanding disruptive innovation takes time. Bitcoin’s time has arrived.”

• Could’ve used a better song at the end. It needs something that will make people jump through a brick wall just to buy your ETF. It needs… Lose Yourself by Eminem.

Btw – at this rate, we wouldn’t be surprised if we saw a Bitcoin ETF commercial at this year’s Super Bowl.

2. CRYPTO SEES ITS BIGGEST INFLUX OF CAPITAL IN 2 YEARS.

PSA: Everyone remains calm…

The crypto market is seeing its largest 30-day capital inflow since January 2022. (!!)

Money flowing into crypto: ✅

Trading volume going up: ✅

Google searches on the rise: ✅

Uncle Vinny asked me about ETH: ✅ (he pronounces it “eh-th” instead of “eee-th” though).

Buckle up. 2024 is set to be a big year.

3. CRYPTO HEDGE FUNDS SAW BIG RETURNS IN 2023.

2022 was a rough year for crypto hedge funds. Most were down 50-90% on their investments and many ended up shutting down.

2023 was the bounce-back year. According to Bloomberg…

• Crypto hedge funds had an average return of +44% (rebounding from a 52% loss in 2022).

• Crypto passive funds had an average return of +265%.

Talk about a comeback!

But here’s the craziest part… even though crypto hedge funds had an “up year,” they still struggled to outperform Bitcoin.

The lesson: you don’t need to make 1,000 complicated trades to get good returns… sometimes, you just need 1 simple one.

4. Blockchains are like cities.

All the talk around blockchains feels so heavy lately. It’s all a BD (Big Dolla) contest…

“My blockchain has more trading volume than yours!”

“My blockchain’s token has a higher price than yours!”

Well, check it out. This was one of the best analogies I’ve seen for blockchains and how people should view them…

We’re big believers that the future of crypto is multi-chain.
There will be different blockchains for different use cases. And that’s A-OK! There’s enough crypto pie for everyone to eat – not just one blockchain.

So let’s just leave the whole “my coin is good, yours is evil” bullsh*t in 2023.

5. “Treat your portfolio like a bag of soap.”

I used to make a big mistake when I first started investing:

I’d panic sell when prices dropped 20%. I told myself I’d just “cut my losses” and buy back in at lower prices…

The “lower prices” never came and instead, it pumped 30%. I’d end up buying back in at a higher price than before, hoping to ride the wave…

Then the wave dies and prices drop again. I’d be back at square 1 (panic sell) and would go through the whole process again…

Well, if you’re anything like the rookie-me… here’s some good advice:

The lesson: Sometimes the best thing to do is… nothing.

FAST NEWS:

India to block URLs of Kraken, Binance, and 7 other crypto firms. The move will block Binance, Kraken, Huobi, Kucoin, Bittrex, Gate io, Bitstamp, Bitfinex, and MEXC Global after claiming that the virtual asset service providers (VASP) were “operating illegally.”

Bitcoin options trading volume hits an all-time high as the year ends. Monthly options trading volume for BTC reached an all-time high of over $38 billion across major cryptocurrency derivatives exchanges.

zkSync outpaces Ethereum in monthly transaction volume. The recent rise in transaction volume on zkSync has been attributed to the spread of inscriptions.

Crypto users lost $1.8 billion in 2023 hacks and scams. While that’s a 54% decrease from the $3.9B lost in 2022 (woohoo!), the number of attacks increased by 90% (boo!).

A crypto wallet linked to Donald Trump has sold off ether worth $2.4 million. According to Arkham Intelligence, he started selling after months of accumulating royalties from his NFTs. His peak balance was ~$4M.

Final words:

The new year brings new trading opportunities and this time we need to think about our positions and calculate risks for the coming year. This will bring big profits and take It slowly.

Let’s take the best trading opportunities for the coming bull market and grow your trading positions strong.

GROW BOT UPDATE:

Copy trade GROW 0.1->10k$ since 18.03 we got +196.0% PROFIT!

GROW CURRENTLY:

TRADING COIN: BTC/USDT
SETUP: SHORT
TAKE PROFIT: /
SAFETY ORDERS: /
Liquidation: /