Market Analysis for Feb 27th, 2020

To circle back on the question of what to trade but Bitcoin or Ether, you can trade some of these B wave charts if we get a clear 5 wave setup for C. The issue guys, is that this is very low probability trade. This example is BNB but we may see similar in LTC. Maybe in LINK, but not sure. I am happy to watch these charts but you guys will need to request them so I don't forget. But just note that my words in today's webinar are meant to steer you toward solid probability, and trading a C wav, is a recipe for frustration in my experience and takes more skill than riding a pure impulse. That C wave may also be a diagonal (ending diagonal). So, consider it and I am happy to support it. But if you ask me 'what other coins are set to outperform Bitcoin' and I'm going to give the high probability answer: Ether. Maybe we see ETC and EOS down the road. 

Screen Shot 2020-02-27 at 2.28.45 PM
Screen Shot 2020-02-27 at 2.28.45 PM
Ryan Wilday hosts the Cryptocurrency Trading service on ElliottWaveTrader.net.