Jake
TOP Trader

BTC:
INTRO: BTC retesting 50k support.

Technical analysis for the BTC/USDT chart:

Key Levels:

• Resistance: $52,800, $52,000
• 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 and could send the pair lower to $45,000 or even $42,000.

BTC1D chart TW link: https://www.tradingview.com/x/soj8SF2g/

ETH:
INTRO: ETH ready to break 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 could send the pair lower to $2300 or even $2200.

ETH1D chart TW link: https://www.tradingview.com/x/FrQ2uGXM/

XRP:
INTRO: XRP pushing into 0.58$ resistance.

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

XRP chart TW link: https://www.tradingview.com/x/mCn2TUbZ/

LINK:
INTRO: LINK in full bullish break up into 20$.

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/xY0Jeyv6/

SOL:
INTRO: SOL retesting 100$ 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 against 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 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/GdkJbXW8/

CRYPTO NEWS:

A RECORD WEEK FOR CRYPTO

The results are in…

Crypto investment products saw $2.45B of inflows last week. It’s the largest weekly inflow on record.

According to CoinShares’ latest report:

• Assets under management (AUM) are back at $67B. The recent inflows and positive price movements have elevated AUM to December 2021 levels.

• Year-to-date inflows now total $5.2B. For reference, there were $2.25B of total inflows in 2023. That’s over 2x last year’s total, in less than 2 months. (!)

• Regionally, the U.S. dominated with 99% of the inflows (~$2.4B). **Chants erupt in the background**… U-S-A! U-S-A! U-S-A!

• Blockchain equities saw big outflows last week (~$167M). This is likely just investors taking profits.

• Most altcoins saw minor inflows. ETH, AVAX, and MATIC had inflows ranging from $1M  to $21M. The big surprise? SOL had minor outflows.

That’s 3 straight weeks of inflows, totaling $4B+ in that span. (noice)

We’ll see if the streak continues.

BITCOIN’S FUTURES OPEN INTEREST HIT A 3-YEAR HIGH

Bitcoin’s futures open interest on centralized exchanges hit $22.9B yesterday.

It’s the highest level since November 2021 – when BTC was $69,000.

So what? Open interest (OI) is the total value of open Bitcoin futures contracts in the market.

When open interest goes up, it’s (generally) a bullish sign. It means trading activity is increasing and there’s positive investor sentiment around BTC.

It’s like seeing a restaurant booked out weeks in advance – you know the chef’s cooking up something good and you’ve found a gem.

FAST NEWS:

There’s a war going on in the south… Bitcoin Miners vs. Angry Texans. The main issue? The noise. Living next to a mining facility is like living by train tracks… loud as f*ck. —DL News

Uniswap is launching its v2 across all L2 chains.

A.I. tokens rallied big time over the weekend. The tokens jumped 7.7% on average on Sunday.

Japan’s government approved a bill that allows VC firms and investment funds to hold crypto assets. Now that the cabinet has approved the move, the amended bill will be introduced and debated in the current session of parliament.

Aptos is teaming up with Jambo Technology to launch a new web3 phone. It will cost $99 and is designed for users in Africa, Southeast Asia, and Latin America.

Yuga Labs acquired Proof. In its statement, Yuga Labs said it planned to fold Moonbirds into its metaverse, Otherside.

 

Final words:

Take care of your late longs we could see a correction soon if bigger resistance is not broken.

GROW BOT UPDATE:

Copy trade GROW 0.1->10k$ since 18.03.23 we got +219.0% PROFIT!

GROW CURRENTLY:

TRADING COIN: BTC/USDT

SETUP: SHORT

TAKE PROFIT: /

SAFETY ORDERS: /

Liquidation: /

Not Financial Advice!
Good luck with trades,
JAKE