Wednesday | 19th 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/btcethltc181218

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

The recovery in BTC is now on firmer footing since a potentially significant bottom was established at $3118.71 last Saturday. 

As noted previously, a key reversal in BTC could result from this pivotal low. Unfortunately, attempts to buy on pullbacks were unsuccessful to date, but we should have another chance to do so when the current short-term 5-wave rally runs its course and this market retraces. 

The area to do so could be residing within the minor demand zone located at $3396.26 - $3426.71. If the idea is that BTC had ended its year-long decline, the game plan is to buy on dips.        

 TRADE IDEAS

ETH/USD

Overnight, ETH slipped just enough to fill a pending buy order which was closed out for a small profit this morning. 

Since then, ETH continues to edge higher to as high as $104.24 two hours ago. The likely area in which some profit-takings may emerge is within $105.18 - $107.27. 

From there, ETH may pull back to test yesterday low of $91.10. If so, the idea is to attempt to buy within the minor demand zone at $90.06 - $91.20. 

This is because, like BTC, the long-term outlook for ETH is that it may have bottomed out and a significant reversal is in the works.           

TRADE IDEAS

LTC/USD

To date, LTC has seen the most regarding its recent recovery among the three cryptocurrencies tracked. 

This morning, it powered to a high of $31.14. In the near-term, this rise may extend higher into the area between $31.37 - $32.11 before meeting selling interests. 

If so, we should see a pullback, and ideally, this could take LTC back to test yesterday low at $27.50. 

In this scenario, the idea is to position longs within $27.24 - $27.94 for a resumption of the rise from last Saturday low of $22.09.      

TRADE IDEAS