Tuesday | 1st January 2019

Everyday is a Potential Payday if you Master the Art of Trading - Daniel Ang

Good Day all my beloved students & steemians. Inside this daily commentary I will share the short-term technical outlook and trade ideas for Bitcoin, Ethereum and Litecoin.  

Previous commentary refer here: http://bit.ly/btcethltc311218

My core strategies refer here: http://bit.ly/taicorestrategies  

WARNING

Do not attempt to use any of the trade ideas contained within unless you have attended my classes and understood the risk and money management behind these ideas.   

Full Disclaimer refer here: http://bit.ly/tai-disclaimer 

Want to own Bitcoin rather than ETF trading, check the two link below: 

Honey Miner : https://honeyminer.com/referred/59hvc 

CryptoTab : https://get.cryptobrowser.site/2402149  

 You can also follow my FITS: 

Facebook - http://bit.ly/danielang_fbpg

Instagram - http://bit.ly/danielang_ig

Twitter -  http://bit.ly/danielang_twitter

Steemit - http://bit.ly/danielang_steemit 

BTC/USD

As suspected, the correction is not complete. BTC continues to consolidate and came close to testing last week’s low at $3575.52. It is possible this decline may extend to re-test recent lows in the hours ahead but by and large, the rise from last month’s low of $3113.80 is expected to resume. 

If so, we could see a sustained rise beyond $4219.16.                              

 TRADE IDEAS

ETH/USD

ETH remains relatively well bid compared to both BTC and LTC. Unlike BTC, ETH continues to linger without any discernible motivation to push this altcoin either way. 

As noted, near-term bias for ETH is for the resumption of the reversal from last December 14 low of $80.57. If this is the case, the next move could be a sustained rally beyond $146.26 and $158.33 towards $172.15.                              

TRADE IDEAS

LTC/USD

Like BTC, LTC came under further profit-taking in the last 24-hours. Again, it is possible we may see further consolidation in the next few hours but LTC is expected to resume its climb from last December low of $22.09 beyond $33.29, $36.09 and towards $39.50 with the possibility to extends towards the minor supply zone at $40.07 - $40.61.                  

TRADE IDEAS