Friday | 18th 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/btcethltc170119
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
Another dull trading day passed in which crypto assets continues to meander without clear conviction.
That said, BTC managed to rise from the overnight low of just above $3600.00 to $3720.00 this morning before leveling off.
If this momentum can be maintained, there is every possibility the overnight gains can be extended beyond last week’s high of $3794.50.
If so, the next barrier to higher valuation is the area between $3859.64 - $3895.31.
On the downside, assuming there is no further decline low last weekend low at $3566.00 is not taken out, the odds of further gains are good.
TRADE IDEAS
ETH/USD
Regarding relative strength, ETH continues to exhibit a lack of motivation to trade higher.
Even with BTC edging higher overnight, ETH is not following through as much.
Regardless, barring a determined selloff, the area between $118.57 - $120.13 should provide resilient enough to propel ETH higher.
That said, only a decisive break above last week’s high of $134.26 beyond $136.26 will force the hands of determined sellers to cover their shorts.
If so, ETH should be able to rise to $137.48. A close above this level will raise the prospect of an extended rise towards 148.78; perhaps even go as high as $152.25 - $154.40.
TRADE IDEAS
LTC/USD
Like BTC, LTC is relative firmer overnight after a push towards the overhead barrier at $32.34 - $32.71 with a recorded high of 32.37 before easing back.
Still, this development is positive for the near-term bullish bias. In so long as last week low of $30.15 is not taken out, the the odds are good for another rise.
Besides the overnight barrier at $32.34 - $32.71, the other areas in which selling interests may re-emerge are $33.82 - $34.35, $34.86 - $35.48 and $35.98 - $36.65.
Incidentally, there is a projected target at $36.09 which is located within the highest barrier in this series.
TRADE IDEAS
