About Cryptocurrency Trading

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The Cryptocurrency Trading premium service in our EWT Trading Room provides analysis and trade alerts on cryptocurrencies, hosted by Ryan Wilday, focusing on both Big Cap coins and Tokens/post-ICOs. Big Caps are the top 15 coins in terms of market cap, including Bitcoin, Ethereum and Ethereum Classic, Ripple, and Litecoin. Tokens are a name for small coins or coins built on the network of another larger cap coin. Initial Coin Offerings (ICOs) are coins that are released to fund projects and we will trade them after they are listed on exchanges. Tokens and ICOs are more speculative and it is the service participant's responsibility to decide exposure to each portfolio. See important notice about Risk Considerations.

About Ryan Wilday

Ryan Wilday

Ryan has over 17 years experience trading equities, futures and options. He was introduced to cryptocurrency in 2013 by a programmer friend and began mining and trading shortly thereafter. Though he read Prechter's Elliott Wave Principle in the early 2000's, he didn't make practical use of the theory until joining EWT in 2015. Today he melds his deep knowledge of the cryptocurrency market with Elliott Wave theory and Fibonacci Pinball.



Key Intro Articles

Thoughts on Using the Service Thu Oct 5th 2017

I wanted to put this together for new folks coming on. We haven't had too many come on since the trial but we are holding steady over 200 people. So, I want to have this to point to. So here goes: Know The Asset Class.

Trading Elliott Basics with Cryptos Wed Oct 11th 2017

This post is not for the veterans here. That is unless you never created a trading plan. If you haven't start. But, I got a PM today that was clear the person didn't have a handle on trading the wave counts. So, want to give some quick basics.

Getting Your Feet Wet in Cryptos Mon Dec 18th 2017

Reposting this article Avi and Ryan wrote a while back on Seeking Alpha so we get it archived in our Crypto education section.

Additional Articles

Those Red Counts Wed Dec 4th 2019

I sometimes get the feeling that folks on the board are playing my red counts. Often that happens when someone has a permabull leaning. Note, I do not trade my own red counts except as a hedge. I wait until they fill in, and then buy the pullback.

S/R vs. Targets Mon Dec 2nd 2019

Ellaborating on a comment I made in a recent reply, I want to make sure that everyone understands the difference between Support and Resistance (S/R), vs. a target.  S/R are boundaries beyond which price is not likely to go if a count is valid.

Bollinger Scalping Notes Sat Nov 30th 2019

1. In three days of deploying, stats were 80% successful. Skew just positive (roughly 5 unites of profit for 4 lost). Account was up 10%. Sample set was only 45 trades.  2. Repeated warning: Price makes indicators do the thing.

Basic Swing guide. Fri Nov 22nd 2019

Guys- Per Jame's question, here is my basic basic guide to trading with EW, once you have your first impulse. We'll talk more tomorrow on the webinar tomorrow. But I hope this primer gets you in the mode. Let me know if questions now and I am happy to answer.

Tradeplan Switcheroo Thu Nov 21st 2019

I have been focused the last few weeks on my plan to 'compound the swing' as posted earlier in this education category (two weeks ago?). Today, the market threw a wrench in that plan.

The 'Necking Down' of Risk Mon Nov 11th 2019

You know I preach or at least trade for skew not run rate (hit ratio). To a degree when engaging my analysis, you get this tradeplan with my work. That is hard to separate. The reason I trade this way, is 1). Skew or risk to reward is more controllable.

Swing Compounding Wed Nov 6th 2019

Think about the power of this.  I bought 2 units of GBTC averaging roughly $8.90. (units is just generic for tranche so I don't reveal the funds I'm trading with).  I sold one today at $11.45.  I hope to buy 3 units at 10.

Reminder on the Special Webinar Tue Oct 29th 2019

Just a reminder, I plan to hold the webinar on Bitcoin options this Saturday after our regularly scheduled webinar, barring power outages. 

Skew and Time Fri Oct 18th 2019

In preparation for tomorrow's webinar where we have question regarding what will outperform, I want to prime the pump with this post. Also, this post explains why after two years of the this service, I get much less excited about skew charts than I used to.

Tactical Reminder Wed Oct 16th 2019

If you are stalking the 'big trade' as I am, I want to again remind you of my basic tactics using EW. This is outlined in my video here.  Note again the grey triangle at the bottom, referring to the larger and lower one.

Probability and Elliott Wave Part Deux Mon Oct 14th 2019

After the stockmarket close each day, I either cycle 10+ miles as fast as I can, or I walk a mile down the street to 24 Hr. Fitness. Generally those are the times I get to think.

Tracking Pivots Wed Sep 25th 2019

While we are slow, let's zoom out on Bitcoin.  The first question on this chart is whether we have red wave 4, or white wave 2. White indicates primary but I am not going to stop watching red until invalid.

Take Stock Wed Sep 25th 2019

Word to the Wise- I have had many conversations with folks overinvesting in alts in 2019. I had a conversation a month ago with someone left the service who's crypto account blew up because he overinvested in DENT.

Options and Bitcoin Thu Sep 19th 2019

With the coming of Bitcoin options to Americans on LedgerX, I am still planning a webinar on using options with crypto. I'll talk about it with Deribit for non-Americans, and LedgerX for Americans.

Welcome Wed Sep 11th 2019

If you are new to the service, or on trial, a hardy welcome from me.  Last month I posted a welcome post and I suggest reading it if you haven't. It is at the top of pinned posts: https://www.elliottwavetrader.

Bresserts / MACD Wed Sep 11th 2019

If you've known me a while, you know that when I have a standard impulse, I use no indicators to trade. They are not needed as the market or coin in question simply moves through fibs in lock step.

Reminder Sun Aug 25th 2019

I can consider many pattern possibilities now, but currently in micro, we are seeing back to back, downward impulsive structure which gives good odds on direct follow through to the next key support.

Experiment Sun Aug 25th 2019

I'm going to try an experiment.... Since starting the service, I've found the trade tables very hard to use. They don't personally reflect my own trading, as I micro scale against stops per my video here.

Welcome Sat Aug 24th 2019

If you are new to our rogue band of crypto traders, I welcome you. For a little history, I was a member of Avi’s market room, and a couple other services here, starting in 2015. I started posting crypto charts using EW by 2016 in the main room.

Off the Board Tuesday day hours Sun Aug 18th 2019

Note I'll be off the board during regular market hours on Tuesday. I have a one day consulting project. I'll be back in the evening to cover requests, write a report and give a general view on the market. 

Reminder Thu Aug 15th 2019

For Bitcoin this is a bullmarket. I am extremely nimble in my trading and confident in how I manage my own positioning. I am not very long right now. And, have made selective shorts.

Reminder Mon Aug 12th 2019

Just a reminder for long time members and education for new folks: I track every move that starts to break resistance as a potential bottom until it comes off the rails. This is just my process.

Reminder regarding Private Messages Fri Aug 9th 2019

Just a reminder, PMs are highly discouraged. The only PMs I understand are personal issues with me, provided you are communicating professionally.

What is An Impulse? Wed Aug 7th 2019

Since I've been here, back when I was a member not an analyst, I've noticed that many call something that is 'strong' whatever that means, also 'impulsive'.  To the Elliotician this is not the same.

Heads Up on External Entities Thu Aug 1st 2019

Just an FYI for those interested, as some have asked... I have spent the month exploring starting an overseas entity to get access to the crypto wild wild west, mainly access to Bitmex and Deribit.

Alt Count Reminder Wed Jul 31st 2019

Just a reminder on where I stand on the alt count we discussed in the webinar 2 weeks ago...If this is our 5th coming up, I have an ideal target of $21K.

List Check Fri Jul 26th 2019

If you are compelled to make sure your favorite coin is on do review.  I am about half way through. 

More Toxic Charts Fri Jul 26th 2019

To add to this list: PPT, SNGLS, CND, POE, ICN, ARN, REP (REP could form a diagonal but is three waves off the december low without hope of an impulse)

Toxic Charts Fri Jul 26th 2019

This skew work continues, because this takes so long, I want to notify you on charts, I have no long term bullish perspective. This doesn't mean they can't reverse, but previous counts are dead. There will be more as time moves along.

Watch Your PnL Wed Jul 24th 2019

Couple Points: 1. When we entered this correction, how many questions, day after day did I get regarding what would turn me more immediate bullish.

Webinars

Trading Timeframes with Elliott Wave - Apr 27, 2018

Ryan Wilday talks about how he applies this knowledge of Elliott Wave to managing his cryptocurrency model portfolios in multiple timeframes, making long-term holds, swing trades, and short-term 'scalps' as part of this trading repertoire.

Applying Elliott Wave to Crypto Trading - Jan 17, 2018

In this webinar Ryan covers the basics of Elliott Wave and how it applies to analyzing Cryptocurrency charts and generating successful trades with appropriate risk management.

Revisiting Crypto Trading for Beginners - Jan 3, 2018

In this webinar Ryan revisits getting started in the ever changing Cryptocurrency market including new discussions on security and taxes. He also showcases some of the performance in his Cryptocurrency service since the launch in August 2017.

Crypto Trading for Beginners - July 27, 2017

This 1-hour Webinar by Ryan covers the following:

  • What is a Crypto currency?
  • What are the unique benefits and risks of Crypto trading?
  • How can you enter the Crypto market?
  • Does Elliott Wave work with the Crypto markets?

Other Presentations

The Road to $65,000 Bitcoin What Makes the Crypto Bull Market Different (PDF)

Slides of Ryan's presentations at the Money Show San Francisco, Sat Aug 17, 2019.

Ready for Cryptos to Bottom? (PDF)

Slides of Ryan's presentation at the "Crypto Intelligence" event, Las Vegas Traders Expo, Nov 14, 2018

Trading Elliott Wave + Crypto 'Predictions' (PDF)

Applying Elliott Wave and ‘Fibonacci Pinball’ to analyzing cryptocurrency charts and trading different timeframes, including setting stops and targets. Presented at the SF Money Show, Aug 24, 2018.

Securing Your Cryptocurrency (PDF)

Cryptocurrency traders need to double down on security, so they are not the source of compromise. Here are some insights.

The Risk & Rewards of Crypto Trading (PDF)

An introduction to trading cryptocurrencies and analyzing their charts using Elliott Wave. Presented at the Chicago Traders Expo, Jul 23, 2018.