Jake
TOP Trader

BTC:
INTRO: BTC holding at 41.5k support.

Technical analysis for the BTC/USDT chart:

Key Levels:

• Resistance: $43,000, $44,000
• Support: $41,500, $40,200

Strategy:

• Long: Buy at $41,500 with a stop loss below $40,000 and a target price of $43,000.
• Short: Sell at $43,000 with a stop loss above $44,500 and a target price of $41,000.

Range Description:

BTC/USDT is currently trading in a range between $41,500 and $48,000. 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 $43,000. The $43,000 level has been tested today, and if the price holds above 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 $41,500 would signal a bearish breakdown and could send the pair lower to $40,000 or even $38,000.

BTC1D chart TW link: https://www.tradingview.com/x/b6pzex6z/

ETH:
INTRO: ETH testing support under 2500$.

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

Key Levels:

• Resistance: $2780, $2680
• Support: $2420, $2515

Strategy:

• Long: Buy at $2515 with a stop loss below $2400 and a target price of $2720.
• Short: Sell at $2680 with a stop loss above $2720 and a target price of $2400.

Range Description:

ETH/USDT is currently trading in a range between $2400 and $2700. 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 $2680. 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 $2680 would signal a bullish breakout and could send the pair higher to $2720.

On the downside, ETH/USDT is facing support at $2420. This level is a previous swing low and has been tested multiple times in recent weeks as resistance. A break below $2420 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/pXp7ob1P/

XRP:
INTRO: XRP holding above 0.58$ and needs hold up to catch up with BTC.

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

Key Levels:

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

Strategy:

• Long: Buy at $0.58 with a stop loss below $0.52 and a target price of $0.62.
• 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 $0.54 and $0.62. 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 $0.62. This level has been tested today, and if the price holds above the daily close, it will be confirmed as support. A break above $0.62 would signal a bullish breakout and could send the pair higher to $0.67.

On the downside, XRP/USDT is facing support at $0.58. This level is a previous swing low and has been tested multiple times in recent weeks as significant support. A break below $0.58 would signal a bearish breakdown and could send the pair lower to $0.54 or even $0.48.

XRP chart TW link: https://www.tradingview.com/x/dZr2TGcA/

LINK:
INTRO: LINK pushing high above 15$ resistance.

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 $13 and a target price of $16.
• Short: Sell at $16 with a stop loss above $16.5 and a target price of $14.

Range Description:

LINK/USDT is currently trading in a range between $14 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 $16. This level has been tested today, and if the price holds above the daily close, it will be confirmed as support. A break above $16 would signal a bullish breakout and could send the pair higher to $17.

On the downside, LINK/USDT is facing support at $15. This level is a previous swing low and has been tested multiple times in recent weeks as significant resistance. A break below $15 would signal a bearish breakdown and could send the pair lower to $14 or even $13.

LINK chart TW link: https://www.tradingview.com/x/T4YpLkRm/

SOL:
INTRO: SOL fighting with 100$ resistance.

Here is a technical analysis of 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 through 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 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://www.tradingview.com/x/EwmVFG59/

CRYPTO NEWS:

BITCOIN ETF TRADING VOLUME CROSSED $10B IN 3 DAYS

Spot Bitcoin ETFs have been live for less than a week.

Let’s take a peek at the numbers so far:

• The total trading volume across all 11 spot Bitcoin ETFs crossed $10B.
• Grayscale, Fidelity, and BlackRock make up 90% of the trading volume.
• There’s been more than $1B+ in trading volume every single day since the ETFs launched.

Impressive. But there are still a lot of people who are calling the Bitcoin ETFs a “bust.”

Why? The number didn’t go up.

You see, some people were speculating that Bitcoin ETF approvals would make prices explode…

By now, BTC should be at $1M, and we should all have three mansions and two yachts.

Instead, BTC is down ~10%, and I just called my mom to see if my room was still available. (You know, just in case.)

But there’s a bright spot: while crypto degens aren’t too impressed with the week 1 numbers, the ETF experts are.

THE NUMBER OF CRYPTO DEVELOPERS IS DOWN 24%

Let’s be clear. 99% of the time, there’s no sugarcoating a stat like that.

The number of devs is down. That sucks. Period.

But turns out, with this stat, there is a little bit of sugar. So dammit… let’s coat that sh*t up!

Yes, the total number of devs is down 24%, but according to Electric Capital…

• The number of “experienced devs” (1+ years) grew by 16%.

• The number of “established devs” (2+ years) hit a new all-time high and has grown 52% annualized over the past 5 years.

Turns out the majority of developers that left last year were “newcomers.” They’re like tourists – they only visit when the sun’s shining and the weather’s nice.

At the end of the day – we don’t care about them, we care about the locals. The hometown heroes. The real ones.

The good news? The number of locals keeps growing each year.

FAST NEWS:

Ethereum’s DenCun upgrade was successfully deployed on the Goerli test network. Next up? Sepolia on January 31 and Holesky on February 7.

VanEck is shutting down its BTC futures fund. The fund (XBTF) intends to stop trading on Jan. 30.

Socket. Tech suffered an exploit that affected various web3 apps. The attack targeted the Bungee Exchange, a frontend to the Socket Protocol that bridges between Ethereum and 12 EVM chains, resulting in a loss of about $3.3M.

AltLayer is launching its native token on January 25. The token will be launched via Binance Launchpool following a farming period that begins on Jan. 19, with an airdrop to early supporters also planned upon listing.

Gemini gained regulatory approval in France. The crypto exchange will now be able to serve both retail and institutional crypto clients.

NFT wash trading volumes on Ethereum marketplaces hit their lowest level in over a year. 1.8% is the lowest level since May 1, 2022. For reference, that’s down from 36% in January 2023.

Yuga Labs is launching a free-to-play version of its game – Dookey Dash. Weird, that’s the same game I play after my first cup of coffee every day.

Final words:

The market is at support good point to enter long trades with tight stop loss.

GROW BOT UPDATE:

Copy trade GROW 0.1->10k$ since 18.03 we got +215.0% PROFIT!

GROW CURRENTLY:

TRADING COIN: BTC/USDT

SETUP: SHORT

TAKE PROFIT: /

SAFETY ORDERS: /

Liquidation: /

Not Financial Advice!
Good luck with trades,
JAKE