Jake
TOP Trader

BTC:
INTRO: BTC back to 42k support zone.

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 is now holding 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/ZtLlym3Z/

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 $2200 and $2500. 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 $2320. 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 $2320 would signal a bullish breakout and could send the pair higher to $2320.

On the downside, ETH/USDT is facing support at $2220. This level is a previous swing low and has been tested multiple times in recent weeks as resistance. A break below $2220 would signal a bearish breakdown and could send the pair lower to $2120 or even $2000.

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

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: $0.54, $0.58
• Support: $0.5, $0.52

Strategy:

• Long: Buy at $0.5 with a stop loss below $0.48 and a target price of $0.58.
• Short: Sell at $0.54 with a stop loss above $0.58 and a target price of $0.5.

Range Description:

XRP/USDT is currently trading in a range between $0.5 and $0.54. 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 $0.54. This level has been tested today, and if the price holds above the daily close, it will be confirmed as support. A break above $0.54 would signal a bullish breakout and could send the pair higher to $0.58.

On the downside, XRP/USDT is facing support at $0.5. This level is a previous swing low and has been tested multiple times in recent weeks as significant support. A break below $0.5 would signal a bearish breakdown and could send the pair lower to $0.48 or even $0.46.

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

LINK:
INTRO: LINK pushing high above 15$ resistance.

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/5f3OIU6B/

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/EKkZmVej/

CRYPTO NEWS:

5 REASONS ETH COULD RALLY

Let’s kick off the day with some cold facts:

• January to May are the best months for ETH, by far.
• ETH averages double-digit gains during each of those months.
• Average returns range from 13% to 31%. (Feb is the worst, May is the best)
• The rest of the year (June – Dec) is more choppy.

In other words, it’s ‘bulking season’ for Ethereum. This is when it gets its biggest gains.

Plus, ETH is getting injected with some steroids this year:

• An ETH ETF could be approved in the upcoming months. And if we learned anything from the BTC ETF, the price pump happened before (aka the anticipation got more hype than the approval itself).
• The London upgrade is happening in a few weeks. This is Ethereum’s first significant upgrade since the Merge.
• ETH on centralized exchanges has plummeted to ~12%. Less ETH on exchanges = less ETH that can easily be bought.
• Restaking is one of the hottest narratives in crypto. This has made ETH way more attractive to hold for investors.

Things could be lining up for a potential ETH rally soon.

FAST NEWS:

Amazon is turning the $4B Bitfinex heist into a new film. It will follow the life of Razzlekhan, the rapper-turned-crypto-thief, and her husband, who pled guilty to the Bitcoin heist.

$2.61B was lost in crypto hacks and scams last year. According to PeckShield’s analysis, there were 600+ major attacks (!!). Hackers were doing two-a-days all year long.

Magic Eden launched a new multi-chain wallet. It supports the Solana, Bitcoin, Polygon, and Ethereum blockchains.

The first Bitcoin ETF application has been filed in Hong Kong. That’s right, Bitcoin ETFs are going on a world tour!

Bitcoin mining firm GRIID began trading on the Nasdaq yesterday. It was down 6% on Day 1. Ouch, talk about a rough first day at stock exchange school.

Liquid staking is now live on the dYdX chain. Stakers will receive trading and transaction fees in the form of USDC.

Final words:

Big news today prepare your position market could go in two directions.

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