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

New Feature. Sat Dec 8th 2018

I found the triangle function in Motive. yeeeeah!. When I think there is a decent setup I'm going to place the triangle. on the chart. If I use a box it is just support for my count before I count it invalided.

Using EW Thu Nov 29th 2018

So, this post is not to pick on anyone, but I just got a long PM about how EW is not useful. To be honest, this is difficult for me to hear as EW put me in short since June consistently. And, I was very short at the November 13 breakdown.

Small Cap Skew Draft 2 Mon Nov 26th 2018

I made some progress but there was too much action to finish. I'm getting there. Take a look. Some of you have found errors or 'strangities' faster than I, particularly on your favorites. So, eyes are good.

Backing off stops Mon Nov 26th 2018

I'm backing off Stops on the swing trades. I don't see the point in thrashing signals if we break down. I'll reinstate. Later. This is still accumulation zone IMO. This may prove a mistake, which is why in my own trading I'm hedging short.

Swing Trade Stop move Mon Nov 26th 2018

Moving all the stops on the swing trades to the lows to see what happens to to the ABC projection in this region some of which is below stops. Giving it last chance before I expect more lows.

Small Cap Work in Progress Sun Nov 25th 2018

I haven't made much progress on small caps but will be working on it today. This is as fas as I've gotten.  I'll dump charts later when done. Let's see if I can finish it today. But if any urgent charts, please put in requests. Only 120 to go. 

Large Cap Skew List Fri Nov 23rd 2018

Here is the Large Cap skew list. Note I've added the labels for the count.

Long Term Strategy Tip Wed Nov 21st 2018

In response to Howell's comment below, I want do a bit of teaching...While it's really cool to buy a coin for the long term on the cusp of a large third wave, there's two sides to the coin.

Probability + Mr. Elliott Tue Nov 20th 2018

Just a reminder- I've said this over and over, but now that we have new folks, I want to restate.  Elliott Wave is not a prediction tool so much as a way to find high probability points where a market can turn, using structure and fib patterns.

10% exposure Small Caps. Tue Nov 20th 2018

BTW...I have said this before but this is a great time to bring it up. I separated the small cap and long term portfolios for a reason. In the end of the day it is a confusing design and I wouldn't do it again.

Swing Trades Coming Mon Nov 19th 2018

Since the long term portfolios are out of cash by and large, I'm going to start to pop off swing trades for what I see in buy zones for a tranche. I'm going to put 1/4 on each trade just to say they are areas to only buy carefully.

Thanksgiving Break Sat Nov 17th 2018

Note, particularly if a non US subscriber, I'll be away on Thanksgiving for travel and celebration, Thursday and Friday this week. So...there's your catalyst. 

Today's TIP Thu Nov 15th 2018

I'm going to say this once and it's important enough for notification....If we break through $6200, don't hang on to lower targets. 

Slow Grind Diagonal Bottoms Tue Nov 6th 2018

If you are new to EW this is an important lesson, and I wanted to show this chart just to prep. We have a lot of corrective moves off the lows, in many chaarts.

Reminder Tue Nov 6th 2018

Hey all- Just a reminder. All the last skew charts are still valid if you are looking at tracheing in for the long term. But all targets were placeholders based on the expected bottom.  I will redo all of them again when we have firm bottoms.

Price Action 'Analysis' Mon Oct 29th 2018

While the market is slow (for now ), I wanted to do a quick educational post on how I look at price action. This term 'price action' means to me, in essence, that you are analyzing how price is moving. I am not sure how others think about that term.

A Setup is JUST a Setup Sat Oct 27th 2018

Just a friendly reminder and because we have a few new folks.... The purpose here is just to so you are clear about how I lean as an analyst, as we are likely close to a key turn in the market.

Regarding XXXBTC and XXXUSD Charts Thu Oct 25th 2018

I received a PM with a question, paraphrased, 'I trade in Bitcoin not dollars, can you provide XXXBTC charts? This comes up now and then and now that we have 'pinned posts' I wanted to address this in a thorough fashion.

MACD Thoughts Wed Oct 10th 2018

Slow day and after last night, where I called for a $100 drop on BTC based on the MACD,I thought I'd do a simple post on the MACD.  First, rule #1 in using the MACD is you must not use the crosses as direct buy and sell signals, even the 0 line.

Will EOS Kill Ethereum? PT 2 Mon Oct 1st 2018

[Just realized I didn't post this last night. Must have been tired] In Part I of this series, I discussed how some investors and developers have questioned whether EOS posed a threat to Ethereum.

Can Ripple Keep Ripping? Fri Sep 21st 2018

Note: This is going to take a bit to put together charts for. I'll get them worked up, but I know everyone is chomping at the bit. So I wanted to get the verbage out.  Obviously, Ripple has broken through swing resistance.

SKEW COMPLETION CHECK Wed Sep 12th 2018

Please look at the following images. I've sorted all coins I've completed alphabetically. Anything you would add? If not, this is final. Please reply if anything your watching is not included.

Reminder 2X Mon Sep 10th 2018

I want to remind that there is no bell ringing at bottoms. There is a lot of evidence we look to: 1. A=C projection levels on the way down 2. 5 Wave completion of C or Y and for micro 5 wave completion of that 5th.  3.

How I Short And Not Get Killed Fri Sep 7th 2018

I want to do my best to give you a full guide to my approach.  #1 is don't over leverage. When I begin to build a short position, I decide how much I want to risk, and I let that be no more than 1/2 the margin needed for a margin call, often only 25%.

Mood Wed Aug 29th 2018

Just a quick esoteric take on 'market mood'.... Since we had our May's high we have not had a market that was willing to push on bears at all. It gave them free rein to pillage. We are now seeing different. This is a significant change in my view.

EOS Ram Trading Tue Aug 21st 2018

While slow, I'm making a post on EOSRAM trading. I get a lot of questions. If I've misrepresented anything let me know.  What is RAM trading? RAM is a component of the EOS network.

Staggered Bottom Tue Aug 21st 2018

Important enough to notify:  We have to sometimes be prepared for staggered bottoming'. Yes I just invented a phrase. What I mean is that some things may bottom and some things may get OML.

Schedule this Week Mon Aug 20th 2018

FYI on schedule- This week is the SF Moneyshow, and Friday I'm teaching a class on Elliott Wave and cryptos. So, I doubt I'll be seen much on Friday and I'll I'll make up some time on the weekend, if the market warrants.

Alternate Waterfall Thu Aug 16th 2018

Jappel's validly called that my primary count is questionable if wave 3 as I have marked is shorter in price than 1, and certainly invalid if shorter than v. This would be an EW rule validation.

Bitcoin: Landing Gear Engaged Wed Aug 15th 2018

[new article] Bitcoin: Landing Gear Engaged I haven’t been able to write for a considerable time due to business trips, vacations, and just the day to day of running a crypto trading room, a 24/7 job at times. But I’m back.

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

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.