About Cryptocurrency Trading

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

Hibernation, NOW OR LATER? Sat May 19th 2018

Guys....many questions about winter, and whether my targets are before winter. I think the metaphor is getting abused. I want to ask people to start to adopt a language that is 'Elliott Centric'.  As I look at the WHOLE market, I see three choices.

Are You Fearful of Cryptos? Fri May 18th 2018

Since leaving my job as a corporate design manager to analyze and trade cryptos (among other things), I’ve gained new attention from old colleagues. In circles of my former profession, I’m the guy that retired to trade for a living.

Tentative Webinar May 24 6PM EST Fri May 18th 2018

Since we will likely embark on a third wave very soon, per request from Hoser7, and I think a great idea, I will cover the following topics. Note this may shift as we go.

Strategy Notes May 17th, 2018 Thu May 17th 2018

1) Until we see quality impulsive price action one should brace themselves for further dowsnide.  2) Very few charts don't have room between here and support for the impulse off May lows.

Strategy Notes May 11th, 2018 Fri May 11th 2018

Q: Is my buying spree  suggesting the bottom is in? A: No, but this zone is attractive for long termers. Swing traders might be more careful. It's all in your timeframes.

Strategy Notes May 10th, 2018 Thu May 10th 2018

We have a lack of internal strength in the market referring to technicals not just price. I will not be surprised at all to see a strong downward move into our deeper retrace supports.

Time for the Crypto Lunar Rocket to Launch? Wed May 9th 2018

  Over the last few months I have released a couple articles suggesting a potential bottom was in for the crypto market. Unfortunately support levels that I called out did not hold, so I had to look lower.

Webinar May 4th Mon Apr 30th 2018

I'm planning a webinar to review key charts/ requests after close of the US markets on Friday, May 4th. 2PM EST is the currently planned time. Prior to the webinar I will take requests. This will be an ad-hoc, conversational style webinar. 

Confession of an Analyst that Ignored Sentiment Mon Apr 30th 2018

I’m quite new to the cryptocurrency analyst scene.  While I’ve been trading over two decades, it was always a supplemental income.

FOR THOSE FOLLOWING THE PORTFOLIOS Mon Apr 30th 2018

I'm going to move to deploy 25% of the cash in the token portfolio, and leave 25% as cash. There is 50/50 risk of either a run away or a sudden deep retrace.

Trading the Ranges Fri Apr 27th 2018

As the market is slow and we wait for C down(s) or breakout, a thought hit me. Some of you, and I used to, rely way too much on directional calls..... 'market will go down to X then down to Y'.

My Take Sun Apr 22nd 2018

From early Monday morning in Korea... In the face of both renewed bullishness and skepticism on the board, I just want to summarize my take: I am not calling a bottom. However we have some promise. But still much to prove and so I'm not carried away.

Trading Timeframes with Elliott Wave Wed Apr 18th 2018

I'm planning a new webinar, and I now know what I did wrong with the attendee numbers yesterday so that will be fixed. It will be Thursday, April 26th at 10:30 EST. It will be recorded. The subject will be trading different timeframes with Elliott Wave.

Big Boyz Coming In. Wed Apr 18th 2018

I've been asked this a lot over the last few months.  How does the big boys  (banks, hedge funds, EFTs, and the like) coming into this market affect the counts? My answer has been 'they won't change but they'll slow in time.

Corrective Fibs Thu Apr 5th 2018

Matt of the Sawdust asked me a question last night about how to use fibs in corrections. Here's shot at simple explanation.  The base difference in fibs between an impulse and a correction is symmetry versus extension.

Positioning with Elliott Wave Analysis Wed Mar 28th 2018

More educational stuff while the market is slow...I've been killing it in Forex this week at least by my terms, while the crypto market is slow. My whole account is up 15% in a week with very little leverage, trading 'real slow money'.

Lazy Trading a Fourth Wed Mar 28th 2018

It struck me today that during the June correction, I made a couple charts where I talked about the zones of a correction and how I think about positioning in them. I think I called then: Add, Take Profit and Enjoy, or something like that. I don't recall.

Crypto Winter Wed Mar 21st 2018

Big thread last night on 'crypto winter' last night after I signed off, and thought I'd expound a bit and try to answer some questions I saw last night.  Crypto Winter is my word for primary iv. It is more a comment on price , not time.

Patience in Corrections Wed Mar 14th 2018

Corrective waves are frustrating, especially of this degree. They give many false starts. Typically sentiment on the board gets quite bad. I see that personally in the PMs I receive, and the general emotion on the board.

Bottom in Process Sat Feb 3rd 2018

This pattern that we see here in most coins is well known by EWT long-timers. But I want to write this level of basics since I know many are new to Elliott Wave Analysis. This pattern we're seeing is the beginning of a bottom.

SmCap Watchlist Update Wed Jan 31st 2018

Here is where I am on the small cap watchlist after reviewing charts. Note that I have some coins that have slightly bigger targets but I need to retarget and they will be lower.

Prolonged Correction? Wed Jan 31st 2018

In danger of being general in a market where each coin is really following its own path, I want to make sure you've heard my 'gut' loud and clear. I see some danger in this correction being prolonged.

Risk Off Tue Jan 30th 2018

FYI...Just so I am not misunderstood by supposed inaction.....I see risk off in this market until we see  resistance taken out. The portfolios on the site are in the 50% cash zone.

Why DID I Turn Bullish? Thu Jan 18th 2018

Heading home shortly and will be on soon.   FYI...Seeing some questions on why I turned bullish without seeing the V down on some charts. it's simple: Wave 4 resistance. In general wave 4 retraces .

1Q2018 Large Cap List Sun Jan 7th 2018

My intent on this list is to not do the deep analysis, on small caps, just call the list out by top 15 marketcap.

Time To Take Stock Fri Jan 5th 2018

Where are we in the crypto market?  We are on the backside of a huge December for big caps. Led by Bitcoin which hit ‘super extensions’, most of our big caps had a big month. Now our small caps are playing catch up in a big way.

Go Decentralized? Thu Jan 4th 2018

Don't take this as a recommendation of a site in general but I've used both with success.

Stages of a Diagonal Thu Dec 21st 2017

Taking this slow market to do a quick Educational post.  We've traded a number of diagonals in crypto land over the last few months. I'm always at advantage, knowing what was coming.

Both Sides of My Mouth... Tue Dec 19th 2017

I want to take this moment to put my cards on the table. At least the cards I'm playing in this market.

Security Thread Tue Dec 12th 2017

I have heard this week that there is a big influx of new subscribers, so I just want to start this thread for some security discussion, especially for some folks new to this. I'm working on a security doc but very behind.

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

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 New York Traders Expo, Feb 26, 2018.