The market is showing stability and preparing for big growth.

The market is showing stability and preparing for big growth.

The market ménage is holding after a strong fall, and a break above resistance is what we need for a bigger bullish push upwards.

Jake
TOP Trader

BTC:
INTRO: BTC holds the line at the 43k level.

Technical analysis for the BTC/USDT chart:

Key Levels:

  • Resistance: $45,500, $44,000
  • Support: $43,000, $41,500

Strategy:

  • Long: Buy at $43.000 with a stop loss below $40,000 and a target price of $45,500.
  • Short: Sell at $44,000 with a stop loss above $45,500 and a target price of $40,000.

Range description:
BTC/USDT is currently trading in a range between $40,500 and $45,000. 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 $44,000. The $43,000 level has been tested today, and if the price holds above on the daily close, it will be confirmed as support. A break above $43,000 would signal a bullish breakout and could send the pair higher to $45,500.

On the downside, BTC/USDT is facing support at $41,500. This level was a previous resistance for the day and now holds as support. A break below $40,000 would signal a bearish breakdown and could send the pair lower to $37,000 or even $35,000.

BTC1D chart TW link: https://www.tradingview.com/x/fEz6mMiD/

ETH:
INTRO: ETH has returned to the $2,200 support zone.

Here is a technical analysis for 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 $2420.
  • Short: Sell at $2420 with a stop loss above $2520 and a target price of $2100.

Range description:
ETH/USDT is currently trading in a range between $2100 and $2400. 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 $2420. 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 $2420 would signal a bullish breakout and could send the pair higher to $2520.

On the downside, ETH/USDT is facing support at $2320. This level is a previous swing low and has been tested multiple times in recent weeks as resistance. A break below $2320 would signal a bearish breakdown and could send the pair lower to $2220 or even $2000.

ETH1D chart TW link: https://www.tradingview.com/x/6TaC77sc/

XRP:
INTRO: XRP clears all longs to $0.5 and pushes back from there.

Here is a technical analysis for the XRP/USDT chart:

Key Levels:

  • Resistance: $0.62, $0.67
  • Support: $0.58, $0.54

Strategy:

  • Long: Buy at $0.62 with a stop loss below $0.58 and a target price of $0.67.
  • Short: Sell at $0.62 with a stop loss above $0.67 and a target price of $0.58.

Range description:
XRP/USDT is currently trading in a range between $0.58 and $0.67. 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 $0.66. 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 $0.67 would signal a bullish breakout and could send the pair higher to $0.7.

On the downside, XRP/USDT is facing support at $0.62. This level is a previous swing low and has been tested multiple times in recent weeks as significant support. A break below $0.62 would signal a bearish breakdown and could send the pair lower to $0.58 or even $0.54.

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

LINK:
INTRO: LINK returns to the $12 range.

Here is a technical analysis for the LINK/USDT chart:

Key Levels:

  • Resistance: $16.5, $16
  • Support: $15, $14

Strategy:

  • Long: Buy at $15 with a stop loss below $14 and a target price of $17.
  • Short: Sell at $16.5 with a stop loss above $17.5 and a target price of $14.

Range description:
LINK/USDT is currently trading in a range between $16 and $17. 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 $17. 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 $17 would signal a bullish breakout and could send the pair higher to $18.

On the downside, LINK/USDT is facing support at $16. This level is a previous swing low and has been tested multiple times in recent weeks as significant resistance. A break below $16 would signal a bearish breakdown and could send the pair lower to $13 or even $14.

LINK chart TW link: https://www.tradingview.com/x/aHo3yZ6o/

SOL:
INTRO: SOL back under 100$ zone.

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

Key Levels:

  • Resistance: $107, $120
  • Support: $90, 100$

Strategy:

  • Long: Buy at $100 with a stop loss below $90 and a target price of $120.
  • Short: Sell at $107 with a stop loss above $120 and a target price of $100.

Range description:
SOL/USDT is currently trading in a range between $100 and $126. However, there are signs that the pair is ready to make a move to push against strong resistance at $120.

On the upside, SOL/USDT is facing resistance at $107. 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 $107 would signal a bullish breakout and could send the pair higher to $126.

On the downside, SOL/USDT is facing support at $100. This level is a previous swing low and has been tested multiple times in recent weeks as significant support. A break below $100 would signal a bearish breakdown and could send the pair lower to $90 or even $80.

SOL chart TW link: https: https://www.tradingview.com/x/TKY1v9od/

CRYPTO NEWS:
“BITCOIN CAN’T BE KILLED” – JIM KRAMER

Jim Cramer is at it again. He’s talking about bitcoin on television again.

Only this time he says it can’t be killed and will “stay” ….

Usually people talking about bitcoin on national television is a good thing…. but not in this case. This is an investor’s worst nightmare.

Because Jimbo is known for having Anti-Midas Touch™…..

Everything he touches turns to gold shit.

  • In 2008, Jim famously said: “Bear Stearns is fine! Don’t take your money.” A week later it collapsed and started the financial crisis. Bear Stearns really wasn’t okay.
  • In 2012, Jim predicted the collapse of companies like Best Buy and Netflix. Within 6 months, both companies’ stocks jumped over 120%.
  • Last year, Jim defended Silicon Valley Bank and said fears about it “didn’t pan out.” A month later it collapsed and became the biggest bank failure since 2008.

This appears to be the end of the road for bitcoin. It was fun while it existed. R.I.P.

She has survived attacks from the media, hackers, the government and grandmothers calling her “the devil’s tech”.

But now she faces her toughest battle yet….. Jim Cramer’s bullishness. *gulp*

FAST NEWS:
The volume of cryptocurrency exchanges has surpassed the $1 trillion mark for the first time since the end of 2022. According to The Block’s research director, December’s volume growth was likely driven by the anticipation of spot bitcoin-ETF approvals.

Cryptocurrency wallet founder lost $125,000 in a fake airdrop scam. Watch out, travellers! Remember to double and quadruple check all links before clicking on them.

Formula One team Sauber has signed a two-year agreement with cryptocurrency casino Stake. The Swiss racing team will now become Stake F1 Team Kick Sauber.

FTX’s bankruptcy could drag on for years, according to a legal expert. This is due to the numerous refund claims in which FTX’s lawyers are trying to recover money spent by the bankrupt exchange before its bankruptcy.

Arbitrum and Optimism tokens are trading near record price levels. Business for the top 2 Layer 2 tokens is booming.

Final words:

Crypto market find some support and need to hold it before bigger push up.

ETFs are still in danger and big news manipulation could make swift moves in crypto.

GROW BOT UPDATE:

Copy trade GROW 0.1->10k$ since 18.03 we got +209.0% PROFIT!

GROW CURENTLY:

TRADING COIN: BTC/USDT

SETUP: SHORT

TAKE PROFIT: /

SAFETY ORDERS: /

Liquidation: /

Not Financial Advice!
Good luck with trades,
JAKE