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

Monero Intermediate View Wed Jan 22nd 2020

Like so many cryptos the early days make an accurate count difficult to come by. However, for now I hold that Monero topped in the third wave of its primary third and the 2018 bear market was the fourth of the third, possibly complete.

Ether Classic Intermediate Term Tue Jan 21st 2020

This is a bonus as we have too many bearish or questionable counts in the top 10. Ether Classic was one of our strongest trades in the service in 2017. That move culminated in a large five wave move. So, I am a long term bull above $1.74.

Tezos Intermediate View Tue Jan 21st 2020

I am a tentative bull on Telos. We first must recognize this chart is relatively new amongst large caps. Further, I can make an argument based on look that wave 1 topping in April 2019 is an ABC, but based on extension, I can make an argument it is an impulse.

Stellar Intermediate Term Tue Jan 21st 2020

This one will be short like the other bearish charts. In 2017 I was very bullish on Stellar. I recall we bottom ticked the September 2017 bottom. However, the 2018 bear brought it below long term support for wave 4, confirming an ABC top.

BNB Intermediate Term Mon Jan 20th 2020

BNB's 2017 wave 1 shows fib characteristics of a three wave rally, and a five rave rally. Even if three waves, as long as the 2018 low holds, we'd expect at least a C wave to $4961.

EOS Intermediate Term Mon Jan 20th 2020

If you have been in the crypto service long enough you know I see strong potential in EOS. This is due to the high X wave we saw in the middle of the crypto bear market in 2018. This is sign of a trend begging to continue.

Bitcoin Satoshi's Vision (BSV) Intermediate Mon Jan 20th 2020

Like Bitcoin Cash, this report will be short. Just as in Bitcoin Cash, we see fiery battles over which is better: BSV or BTC. Mostly, these are arguments are about tech. But if you want to make money, you follow the market, not  developer.

Bitcoin Cash Intermediate Term Mon Jan 20th 2020

This report will be short. As you know I am a Bitcoin Cash bear. The reasons have nothing to do with the battle between the tech camps. Simply, Bitcoin cash has failed at every attempted impulse since it opened for trading, and the 2019 rally is different.

Stop Variation Tue Jan 14th 2020

Note, as the swing trade develops during this run, I'm going to vary stops on various tranches. Some tranches need to have a broader stop so we don't get shaken out. I'll tighten up some 'fast money' to key local stops.

PLEASE Fri Jan 10th 2020

There is always a giant rash of this issue on busy days so I'm going to say it again. These days are where I'm so pressed to handle charts and my own trading, and I am least available for questions already covered.

Quick Announcement Wed Jan 8th 2020

Since leaving corporate to focus on being a full time member of the EWT team and a trader, I wanted to take the extra time I have in life to do some service for the community.

Site Portfolio Announcement Mon Jan 6th 2020

In a post many months back, I stated that we would go through a portfolio redesign. We have had three components on the site, long term small and large caps, and the swing portfolio.

Time for Core Fri Jan 3rd 2020

For you that like to ask my position. Note that I am not fully deployed but am long, and I have no plan to not have a long position until a major top. I have held no core position since May except for a brief period at $7900 before the big stop out at 7850.

6H Charts Coming Mon Dec 30th 2019

This will take a ton of time but when we find a bottom in this market, I'm going to take the top 10 Market caps, and do a 6H report much like the nightly report for ETH, BTC, and GBTC. There is no point short of a bottom.

Timeframes Fri Dec 20th 2019

This question is response to a request. From Dog-mom:  Good morning.

Intro to the Kelly Criterion Thu Dec 19th 2019

We're a little slow so doing an educational post. If you are not familiar with the Kelly Criterion, get familiar. It's a formula designed for gambling which maximizes return for an account size.

Follow the Trend Until It's Not Wed Dec 18th 2019

I really hope most followed a post I made as I believed we'd enter wave 2. I stated your job in a wave 2 correction is to preserve your capital. What that means to you, is up to you. I went to cash around $12,600. A little early.

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.

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.