Wednesday | 2nd 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/btcethltc010119

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:

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Twitter - http://bit.ly/danielang_twitter

Steemit - http://bit.ly/danielang_steemit

BTC/USD

BTC remains firm after last night’s surge. Further rise above $3938.18 would confirm that the corrective decline from there has ended at $3619.56 on the last trading day of 2018.

If so, we should see the resumption of the rise from last month’s low of $3113.80 targeting $4183.71 basis the hourly time frame.

TRADE IDEAS

ETH/USD

As noted previously, ETH is comparatively firmer relative to both BTC and LTC. With the break above $146.26, it is likely the rise from last December 14 low of $80.57 has resumed.

This means this rally is probably sustainable and may next target $181.01 (hourly time frame) before challenging $239.30 over the medium-term (see 4-hourly time frame chart).