Jake
TOP Trader

 

BTC:

INTRO: BTC pushing into resistance 48k$.

 

Technical analysis for the BTC/USDT chart:

Key Levels:

• Resistance: $48,500, $47,000
• Support: $45,500, $44,000

 

Strategy:

• Long: Buy at $45,500 with a stop loss below $44,000 and a target price of $48,000.
• Short: Sell at $48,000 with a stop loss above $49,500 and a target price of $43,000.

Range Description:

BTC/USDT is currently trading in a range between $45,000 and $49,000. 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 $48,000. And 48,000$ level has been tested today and if the price holds above on the daily close it will be confirmed as support. A break above $48,000 would signal a bullish breakout and could send the pair higher to $50,000.

On the downside, BTC/USDT is facing support at $45,500. This level is a previous resistance for the day and now holds as support. A break below $45,500 would signal a bearish breakdown and could send the pair lower to $43,000 or even $42,000.

BTC1D chart TW link: https://www.tradingview.com/x/RF3nr3wa/

 

ETH:

INTRO: ETH ready to break 2500$ resistance.

 

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 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 $2320. This level hasn’t been tested today and if the price holds above 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/w4iFdj2R/

 

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 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 $0.50. 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 $0.50 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 big 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/utxJRX9I/

 

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 in a range between $17 and $20. 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 $20. 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 $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 big 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/P6ohO93s/

 

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 on 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 big 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/NGZB9nDE/

 

CRYPTO NEWS:

BITCOIN ETFS ARE BREAKING RECORDS 

The first Bitcoin ETFs launched in the U.S. about a month ago.

They’re newborns. Fresh out of the oven. And if you’ve been around a newborn, you know…

The first month is the ugliest. Literally. We all look like alien bobbleheads when we’re born.

But after a few years (some take longer than others) we transform into the smart, good-looking, strong-necked people we are today.

Well, according to Eric Balchunas (ETF guru from Bloomberg), the Bitcoin ETFs had an unprecedented first month:

• 5,535 ETFs have been launched over the last 30 years.
• BlackRock ($IBIT) and Fidelity’s Bitcoin ETFs (FBTC) had the best first-month performances out of any ETF launch. Period.
• Ark Invest ($ARKB) and Bitwise’s ETFs ($BITB) are also in the top 25 best-performing ETFs ever.

Here’s how the rest of the leaderboard rounds out:

According to Eric, it usually takes a newborn ETF 5-10 years to get close to the top of the leaderboard… it took Bitcoin ETFs less than a month.

The rookie is putting up MVP numbers.

 

THERE’S A NEW SOLANA NFT KING 

Here’s a crazy stat for you…

Tensorswap’s market share on Solana NFT marketplaces has quietly jumped from 0% → 70%

The craziest part? The Tensor Takeover took less than a year to happen.

A few takeaways:

• The first-mover advantage helps but doesn’t guarantee a win. Solanart and Magic Eden both came first, but are barely in the conversation now.
• Competition is good for end users. There have been 3 different #1 Solana NFT marketplaces over the last 3 years. This forces them to stay on top of their game and continuously make their products better.

We’ll see if Tensor can keep up its dominance.

 

FAST NEWS:

Kraken and OKX are the latest crypto exchanges to enter new markets. Kraken has obtained regulatory approval in the Netherlands, and OKX is entering the Argentine market with a new trading and staking platform.

 

White hat hackers have publicly netted $640K in bug bounties over the last year. Magic Eden ($83K), MetaMask ($76K), and Hedera Hashgraph ($68K) paid out the most.

 

Worldcoin’s Orb will be used to verify the identities of e-sports players. Community Gaming, a blockchain-based esports tournament platform, is integrating Worldcoin’s World ID to weed out cheaters.

 

Shrapnel (blockchain-based first-person shooting game) is giving away $100K in crypto for playing this week. Developers say they have ~$3M to incentivize players to try out the game, the first $100,000 is going out this weekend.

 

Final words:

Support could be retested in the coming days and then pushed once more up.

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