Jake
TOP Trader

BTC:
INTRO: BTC retesting 52k resistance.

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/EZgpuc3C/

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/JO8zsSBT/

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/z33mg3GV/

LINK:
INTRO: LINK retesting 18$ support.

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/i4qan2dO/

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/R2iKycvf/

CRYPTO NEWS:

CRYPTO   AI

AI is taking over the world. It’s everywhere – music, movies, you name it.

There are more AI crossovers than when Allen Iverson was tearing up the NBA.

Now, it’s taking over crypto.

• Many AI tokens have posted double-digit gains over the last week. On average, they’re up 8%.

• The market cap for AI tokens has jumped from $7B → $15B since the beginning of the month.

• AI tokens just hit their highest weekly trading volume in a year. (graph below)

So, why are AI tokens pumping so much recently?

• OpenAI unveiled its new text-to-video generator, Sora. As you can see in the graph above, there’s always a big pump whenever OpenAI releases a new product.

• The new Apple Vision Pro was released earlier this month. Some projects (like Victoria VR) are already building metaverse apps, with tokens, that are compatible with the headset.

• Smart people (like Vitalik) are talking about how AI can help tackle some of crypto’s biggest problems. This brings more attention to the sector, which trickles down to AI tokens.

And it doesn’t look like the AI token hype train is stopping anytime soon.

Why? Two words… NVIDIA earnings.

You see, the top AI tokens’ performances have been correlated to NVIDIA’s performance since January 2023. Both are up about 400% since then.

And today, the GPU manufacturer has its earnings call. Fun fact: NVIDIA has crushed its last 4 earnings reports, beating all expectations.

If NVIDIA can do it again, AI tokens could see another big pump.

FAST NEWS:

Michael Saylor says he’ll never stop buying BTC. “There’s no reason to sell the winner to buy the losers.” (Respect)

Mastercard is working with Swoo Pay to offer loyalty rewards in cryptocurrency. Mastercard will be the ultimate backer of the Swoo tokens and can be immediately converted to other cryptos like BTC or USDC.

MetaMask now has 30M monthly active users. The crypto wallet’s MAU has jumped 55% in 4 months.

Hack VC has closed a $150M fund for early-stage crypto startups. The firm has previously invested in Sui and Eigenlayer.

VanEck’s spot Bitcoin ETF ($HODL) saw a 1,000% jump in volume yesterday. Its previous daily high in volume was $25.5M. Yesterday, it had over ~$400M.

The Chicago Mercantile Exchange (CME) plans to launch euro-denominated micro BTC and ETH futures next month. The micro bitcoin euro and micro ether euro futures contracts will be one-tenth the size of the respective underlying assets. The goal? Provide a cost-effective way to gain BTC and ETH exposure.

Final words:

Late shorts get push back and market is looking tricky and dangerous.

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