Friday | 28th December 2018

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/btcethltc271218

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  

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Twitter -  http://bit.ly/danielang_twitter

Steemit - http://bit.ly/danielang_steemit 

BTC/USD

The corrective pullback in BTC from the Christmas Eve high of $4219.16 is still unfolding. As we have it, yesterday’s decline took out recent low at $3662.09. 

Still, despite this rather steep decline, this move is seen as a correction and BTC is expected to eventually resumes its long-term climb from the month’s low of $3118.71. 

Regardless, when the current correction ends, ideally within $3396.26 - $3416.71, we could a robust recovery beyond $4219.16 and onward towards the 4-hourly time frame projected target at $5262.03.                        

 TRADE IDEAS

ETH/USD

Likewise, ETH continues to correct lower in overnight trading having successfully took out recent low of $121.53. 

On the flipside, this pullback has enabled the filling of the remaining pending buy orders at $116.14 and $112.17 respectively. 

On the downside, it remains probable that this decline may extend lower into the $105.01 - $107.60 area before ETH stabilizes. Regardless, once this correction ends, an eventual resumption of the rally from $80.57 is anticipated for a move beyond $158.33 - towards the initial 4-hourly time frame target at $191.50.                         

TRADE IDEAS

LTC/USD

LTC too fall in tandem with the other crypto assets. Once again, the hoped-for rally attempt towards $30.79 - $31.69 did not materialized. LTC simply fell without any meaningful reboiund yesterday; taking out the recent low at $28.73. 

As a result, all remaining pending buy orders were filled. Looking ahead, it is probable this decline may extends lower perhaps into the $24.87 - $25.67 area before valuation turns around. If so, an eventual resumption of the reversal from $22.08 is anticipated with the next move rallying beyond 36.28 and onward towards $50.00.              

TRADE IDEAS