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

Reminder: Taking Vacation July 9 to the 19th Mon Jul 2nd 2018

I'll be online in limited hours during vacation. After vacation I'll be in Chicago for a couple days for the TraderExpo. I'll be back full time on the 25th. 

Summary Point of View Mon Jun 25th 2018

Where have we been? We had a very bullish April in cryptos and to many of our eyes, referring to analysts on EWT, we had five waves up. Then as we moved lower in May we fully expected to see bullish retrace levels hold.

Revised Post for New Subscribers Thu Jun 14th 2018

Now that we have a pinning function, I wanted to create this new post for new subscribers: Achieving Success 1) If you are new to trading, starting from 0, I strongly advise not putting much money in this market, if at all.

Algo Trial Period Thu Jun 14th 2018

FYI- In order to improve swing trading, I've been working on an algorhythm. I'm going to start to use the swing trades here as a record fo the algo trades for continued testing. I am still using Elliott Wave to add discernment 'by hand'.

Strategy Notes June 13, 2018 Wed Jun 13th 2018

With each passing drop, we're getting more and more counts suggesting they are going to break April lows. My assumption is most will, if not all. Bitcoin seems it cant stop unti lit gets there.

Strategy Notes June 11, 2018 Mon Jun 11th 2018

I expect to see further declines today as long as under resistance. Rather than micro everything, I'm going go to all the daily counts and put a bearish perspective where clear.

My position Sun Jun 10th 2018

I want to be crystal clear as I can.  Tonight, we took very nebulous upside counts...diagonals, and cut into them. We haven't confirmed any downside, but we sure put even the diagonals in question.

Strategy Notes June 5, 2018 Tue Jun 5th 2018

Note I'm not feeling well. Was up in the middle of the night and other symptoms. Be easy on me ;) 1) The low struck last night looks better for the stronger alts: Ether, XRP, BTS, EOS, to name a few, but clearly not in BTC.

Maximize Profit with Elliott Wave Mon Jun 4th 2018

How to maximize profit with Elliott Wave (Cryptos as focus but applies to all Assets) 7PM-8:30PM EST, Thursday June 7th.  Will be recorded and posted 

The Rotation Game Fri Jun 1st 2018

While the market is slow, I thought i'd take this time to explain the rotation trade or rotation game, sometimes called 'wack-o-mole' by a few of us.

Weekly Opportunties in Cryptocurrency: Bottom Held. Time to Go? Fri Jun 1st 2018

Last week in Weekly Opportunities In Cryptocurrency: Did We Just Bottom?, I suggested that a bottom could be imminent or had bottomed. I often look to our bellwethers, Bitcoin, and Ethereum as signals for the larger crypto market.

Profit Taking Thu May 31st 2018

As a primer to the webinar next week which I still have to schedule, I wanted to give an example regarindg day and swing trading a third.

MY TRADE PLAN Wed May 30th 2018

Inspired by JAppel, I thought I'd share mine.  You may know my past. Most of my crypto money in 2017 was made off trading Ether on leverage from $10 in 5-10 day positions nto the June peak. After June, on approach to the service I deleveraged.

Strategy Notes May 30th, 2018 Wed May 30th 2018

Keeping it simple today. We have our first test of the bottom from May 28th. Will it hold? All eyez on Bitcoin and Ether for me. Let's see if they hold their support zones. A little fear and doubt today would be even better.

EOS webinar Cancelled. Tue May 29th 2018

Sorry folks. I have a family event so have to cancel this. I'll do lots of coverage in the morning as long as I can. 

Give Probability a Hug and a Kiss. She Really is Your Friend Tue May 29th 2018

If you are a veteran  you've heard me say this over and over, but it bears repeating after the posts I've seen the last 24 hours. But first, let me say overall I see great 'maturity' versus the bottom we had in September and October.

EOSUSD Mainnet Launch Party Mon May 28th 2018

I scheduled a Webinar for Saturday. June 2nd at 4:45 EST, 15 minutes before mainnet to talk about price action and possibilities. Something fun like Verge.

Did the Crypto Market Just Bottom? Sun May 27th 2018

Note: This is an update to the article published on Seeking Alpha on May 25th with local 5 minute charts.

My Take on Volume Fri May 25th 2018

I want to post some things on volume that I've leanred. I'm not a big watcher of volume because it is too subjective, can migrate between exchanges. I much prefer objective price levels. But this is my take.  1. Bearish volume shows at bottoms.

RECOMMENDED Study for New Members Thu May 24th 2018

I used to be in a better habit of this but it has come to my attention we've had some new users. First, congratulations for coming in near a potential bottom and not being part of the 25% growth in subscribers at the top.

Strategy Notes May 24th, 2018 Thu May 24th 2018

My take is that this move this morning is stronger and more impulsive than yesterday's 'attempt'. For example the nano thirds in ETH, EOS, BTC, and BTS have subdivisions too small to see on any timeframe. That's some tight action.

WEBINAR postponed Wed May 23rd 2018

We need to postpone the webinar tomorrow. Price action gives us time to think about this, and our special guest couldn't make it. I'm going to try to schedule something week.  But let's see, I might take the same time and do a quick chart review.

Strategy Notes May 22nd 2018 Tue May 22nd 2018

I was thinking as I started my journey into dreamland last night that we've been in the weeds, and I've been counting weeds.  While we have had many attempts at impulses off the correction that started recently in May, all have failed (except ZEC).

Strategy Notes May 21th, 2018 Mon May 21st 2018

I see the current consolidation for those coins that came nicely off May 18 lows as bullish. (STEEM, Ether, Bitcoin, ZEC for example) For some coins, we are still in the larger wave 2, like NEBL just posted, DOGE is another. I'll note others as I see them.

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.

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.