About Cryptocurrency Trading

The Cryptocurrency Trading service features analysis and trade alerts on cryptocurrencies, hosted by Ryan Wilday. Ryan focuses primarily on Bitcoin and Ether, with charts ranging from 5-minute to daily, but also covers other large-caps like Ripple, Litecoin, EOS, BSV, and Tezos down to the 1-hour charts. Ryan covers any small-cap coin by request, provided he can pull in solid data, as well as the Greyscale Investment Trusts, (GBTC, ETCG, ETHE, and the like) and blockchain stocks. In addition to his intraday analysis, Ryan provides a nightly report six times a week and a weekly webinar which is recorded. See important notice about Risk Considerations.

About Ryan Wilday

Ryan Wilday

Ryan Wilday has over two decades of 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. He has used the theory to call many of the most important turns in Bitcoin and other cryptos since 2017. Of late, Ryan has developed many quantitative systems for trading crypto which he has deployed in this service to the benefit of subscribers.

Ryan is a popular speaker at financial forums and conferences in the U.S., including The Traders Expo and The Money Show, and widely syndicated on sites including Seeking Alpha, MarketWatch and Nasdaq.com. He is author of two eBooks: "The Risks & Rewards of Cryptocurrencies" and "10 Rules To Be A Successful Crypto Trader."



Key Intro Articles

Thoughts on Using the Service

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. As I said in the webinar this is an uegulated market (though now partially) and probably the most high beta asset you might find besides options. So, try to give yourself emotional and financial room in each trade. I also advise generally keeping very little of your assets in the market until you get comfortable. This is also a market that never sleeps.
by Ryan Wilday - 3 years ago

Trading Elliott Basics with Cryptos

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. This is the way I do it. You'll find many more examples of styles. First, the universally bad way to trade Elliott wave counts is to see an analysts price targets, go all in and hold til you get there. While it may sound ridiculous to many, it has been done. In fact I was so impressed with the accuracy when I first got here that I tried it.
by Ryan Wilday - 3 years ago

Getting Your Feet Wet in Cryptos

Reposting this article Avi and Ryan wrote a while back on Seeking Alpha so we get it archived in our Crypto education section. Getting Your Feet Wet In Cryptos By Avi Gilburt and Ryan Wilday Originally published Oct 20, 2017 on SeekingAlpha I want to begin this new series on crypto-currency by introducing my co-author, Ryan Wilday. Please feel free to click on his name to "follow" him, as he will likely be providing you with analysis of this market on Seeking Alpha in the future. In 2012, with twelve years of trading behind him, Ryan had no interest in, or knowledge of, crypto currency. However, a chat with a programmer friend about Bitcoin peaked his curiosity.
by "rich" - 3 years ago

Additional Articles

Q4 2020 Algo Review

My reasons for driving some of my trading, and this service, to Quantitative approaches, is not only to diversify the approach in the service, and obviously help us all make more money, but also to drive part of the service to simple, measurable results. Elliott Wave is still a quintessential tool in my box, and one that allows me to take many trades without the deep work I put into algos, just to get even one functional. However, Elliott Wave depends on both subjective and objective measures. And, I have built up an arsenal of trading skills to 'buffer' the subjective concerns.
by Ryan Wilday - 4 months ago

Avoiding Decision Crisis - Market Analysis for Nov 26th, 2020

Some of you have heard me mention 'decision crisis' on our Saturday morning campfire sessions (Aka Webinars). 'Decision Crisis' is either a term I can take credit for, or something bestowed on me by osmosis. I thought I'd take the time to elaborate. Let's dive into a very common thought process on EWT I observe frequently: A member is stalking a trade. They take a look at the count of a favorite analyst. It's Bullish!. Awesome! He's putting those long tickets together. Then he peaks at another analyst's count and it's looking for lower before long. Ai Caramba. Confusion! What to do? He asks the board. 'Anyone going long XYZ here?' A smart member says looking for lower. Ok.
by Ryan Wilday - 5 months ago

Trend is Your Friend

Quick lesson as everyone goes alt hunting.... Remember the trend is your friend, [or your worst enemy]. My worst fear personally is seeing a decline in my Bitcoin holdings as I catchcrap with low liquidity alt coins before it runs to $250K in a couple years. Bitcoin has a massive bull flag on the weekly, most major alts are massive bear flags off the 2018 high. Very simple. Before chasing an alt, know what you're getting into to vs. Bitcoin. It may be shortlived as it fights all that overhead resistance. Exhibit A, the EOSBTC chart. Very similar to so many pre 2017 majors.
by Ryan Wilday - 5 months ago

BTC options webinar - Market Analysis for Nov 18th, 2020

Note I'm going to do a BTC options webinar after close Friday. I'll record it so no need to attend unless you want to be there to ask questions. [Editor's Note: Here's the link to the recording.]I suggest watching Leo's video on convexity before attending.https://www.youtube.
by Ryan Wilday - 5 months ago

Algo Review: EWT Crypto Service

I had a lot of basic questions on algo functions, so I want to do some concise review of use:BTCCoreThis Algo only yields signals at 5PM Pacific closing.* There are no signals outside that time. There is no other reason for this other than it was what I tested to find its edge and I did so because 5PM Pacific has been a time of handoff between US traders and Asian traders so price anomolies in crypto often showed during that time.This algo signals whether there is an edge to be all in (100%), 50% or 0%. The only signal that has a price definition is the move from 100% to 50%.
by Ryan Wilday - 5 months ago

Ether Gummi Bears?

I'm an intermediate Ether bear. Right now, stickingto present tense, we have five down off the September high and have a sideways moving bear flag. It's a very orthodox bear setup as a 1-2, or A-B. What will get get me bullish in ETH? I am asking this question simply because we just had a nano bearish setup invalidate. Note 'nano' not 'intermediate'. This necessitates that bearish scalpers take cover. It doesn't mean long termers should run to go long YET. Do we have a case of the gummi bears in Ether? The best tool I can draw fromwhen dealing with overlapping structure is to look at channel breakouts and traditional techs.
by Ryan Wilday - 6 months ago

Change to Reports - Market Analysis for Nov 2nd, 2020

Last night, I received feedback regarding the long term sections in reports and I intend to address it. A critical post was put up and deleted, though not by me. The person in question DM'd me good feedback which I'm going to attempt to address. My personal approach to the long term write up has been to not refresh it until we have a key point in the market demands it. I've taken this approach for a simple reason. When, in the past, I allowed the micro to impact my daily counts, long-termers would get upset that my long term view was changing rabidly. So, I am now very cautious about making changes.
by Ryan Wilday - 6 months ago

Trading Lesson Refresh - Market Analysis for Oct 15th, 2020

We're slow and I have not posted a trading lesson in a while, so time for a refresh of old lessons. This should be familiar for OG's. I'm going to pick on my XMR count which was posted below. It's a chart I am not intimate enough with to get more in the weeds so I have uncertainty in my analysis. Actually all analysis has uncertainty. That's markets but it's exacerbated when you are not intimate with a chart. But in my work, unless you are scalping, I gave you enough information to work off of. As stated, over $101 both counts are valid. This means below it, red can be eliminated, and a top in white is likely.
by Ryan Wilday - 6 months ago

Revisiting GBTC - Market Analysis for Sep 23rd, 2020

I wanted to circle back on GBTC with the bearish outcome growing. If you followed along, you should be well acquainted with the red B wave top which has been presented on my 6H charts since March. The issue I have with this count now, is that C of red B is shorter than A. That isnt a hard rule break but is lower probability. Further, what happens if BTC holds $5700 in an E wave, or C wave in a triangle and thats all the downside we see? In this case, I like white or orange. White would fit if BTC is in an E wave down as that will bring a breakout later this year.
by Ryan Wilday - 7 months ago

Market Analysis for Aug 19th, 2020

PSA- Folks are getting back to putting requests on the board. Or, maybe we have new members which is understandable. Remember, I have the whole site open as I'm a 'member' benefitting from the work on chartsI don't keep myself. This site has amazing talent!. That means my feed is FULL not just of crypto. Please put requests in 'Request Symbol Update' in the top LEFT corner. Otherwise, consider a request on the board as a crap shoot, I may or may not see. I have sometimes had my feed in crypto and seen requests over a week old. No joke. It's not my intention but I'm a busy boy. :).
by Ryan Wilday - 8 months ago

Webinars

EWT Crypto: Past & Future - Nov 14, 2020

Ryan discusses the evolution of his Cryptocurrency Trading service and strategy at EWT and what's ahead.

A Little Bitcoin Goes A Long Way - Oct 14, 2020

Ryan make the case as to why every portfolio should have some Bitcoin exposure and how investors can get safe exposure.

Where Is Bitcoin Going Next? - Feb 4, 2020

Ryan shares his current analysis on Bitcoin and whether the next key bottom is behind us, having anticipated the bottom in Bitcoin at $3,000 in late 2018 and the top at $13,900 in mid-2019.

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.

Crypto eBook "10 Rules To Be A Successful Crypto Trader" - Nov 14, 2018

Ryan's eBook in conjunction with the Money Show.

 

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.