Jake
TOP Trader

BTC:
INTRO: BTC pushing into 38.5k support.

Technical analysis for the BTC/USDT chart:

Key Levels:

• Resistance: $41,500, $43,000
• Support: $38,500, $40,200

Strategy:

• Long: Buy at $38,500 with a stop loss below $37,000 and a target price of $41,000.
• Short: Sell at $41,500 with a stop loss above $42,500 and a target price of $40,200.

Range Description:

BTC/USDT is currently trading 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 $41,500. The $41,500 level has been tested today, and if the price holds above the daily close, it will be confirmed as support. A break above $41,500 would signal a bullish breakout and could send the pair higher to $43,000.

On the downside, BTC/USDT is facing support at $40,200. This level was a previous resistance for the day and now holds as support. A break below $40,200 would signal a bearish breakdown, sending the pair lower to $38,000 or even $37,000.

BTC1D chart TW link: https://www.tradingview.com/x/u60NarBU/

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 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 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 $2520.

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/KIYG9FZk/

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 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/2Jv7Pb4m/

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 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/k338l2Ij/

SOL:
INTRO: SOL fighting with 100$ resistance.

Here is a technical analysis of the SOL/USDT chart:

Key Levels:

• Resistance: $100, $90
• Support: $79, 75$

Strategy:

• Long: Buy at $79 with a stop loss below $75 and a target price of $100.
• Short: Sell at $90 with a stop loss above $100 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 $90. 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 $90 would signal a bullish breakout and could send the pair higher to $100.

On the downside, SOL/USDT is facing support at $79. This level is a previous swing low and has been tested multiple times in recent weeks as significant support. A break below $79 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/HdpWFLGY/

CRYPTO NEWS:

THIS RALLY VS. PREVIOUS RALLIES

It’s always interesting to see how crypto rallies compare to each other…

Which tokens were popular, which tokens are still popular, etc.

Well, check it out. Pantera Capital dropped a blog post called “The Year Ahead.” (It’s a little long, but it’s a banger).

In it, they talk about how this crypto rally looks different than previous ones. Just check out the top tokens from each of the last 3 rallies:

There are 2 big takeaways:

1/ Previous rallies have seen massive churn in the top tokens.

• 14 out of the top 20 tokens in 2017 lost their top spots during the following bull run in 2021. 70% of the top tokens changed!

• In 2021, the top tokens were replaced by ones that didn’t exist during the previous bull run in 2017 (i.e., Shiba Inu, Uniswap, etc.).

2/ The current rally has been the complete opposite – very little change.

• The top 6 tokens from this rally are the same ones from the 2021 peak. Just a different order.

• Sixteen out of the top 20 tokens have stayed the same since 2021. The churn rate for the top tokens dropped from 70% → 20%. Impressive.

Why this matters: There’s a saying in crypto… “The top tokens of the next bull run haven’t even launched yet.”

Historically speaking, that’s been true.

But this rally looks different. The battle-tested veterans will likely lead this next bull run, not the rookies.

FAST NEWS:

Solana is launching “token extensions,” allowing developers to hard-code special rules and controls into tokens created on Solana.

The U.S. Securities and Exchange Commission (SEC) has increased its enforcement actions by 53% year-over-year, with 46 total enforcement actions last year—the highest annual total since 2013.

The SEC has delayed its decision to approve/deny BlackRock’s proposed spot ETH ETF, pushing any decision on the proposed fund to March 10.

Magic Eden is expanding its reward program, enabling users to earn “diamonds” (not real ones) by buying, selling, or making offers on NFTs.

Warning: A bunch of phishing emails are being sent to Trezor users. The phishing email instructs users to update “assets” via a fake link. Trezor has disabled the email link, but some users may have exposed recovery seeds.

Final words:

Market clean late longs and now cleaning late shorts. Take care of your trades.

GROW BOT UPDATE:

Copy trade GROW 0.1->10k$ since 18.03 we got +218.0% PROFIT!

GROW CURENTLY:

TRADING COIN: BTC/USDT

SETUP: SHORT

TAKE PROFIT: /

SAFETY ORDERS: /

Liquidation: /

Not Financial Advice!
Good luck with trades,
JAKE