I personally don't care about conspiracy theories and fundamentals. I'm just a vagabond trader looking to profit from the action. My Elliott Wave lens says this is what is happening based on the BCH/BTC ratio. Until this pattern completes, or support breaks I'll be looking higher for BCH. In fact we are at one of those support levels right now.
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Note I was interviewed by the Crypto Nights guys. Catch it here:
Ryan Wilday is the Lead Analyst for the Cryptocurrency Service on https://www.elliottwavetrader.net/
Great post again man! Btw I have ordered that book by Prechter!! Looking forward to learning more about EW and then applying it to my investing!!
Followed you.
Alex
Nice. This really is a genuine plug for your benefit. As I said Prechter did a great job on the book, but isn't the best trader. I do suggest coming to EWT, even if not on my service to really learn how to apply it using fibonaccis. It is really hard work, but will make one very profitable. Plus you'll get exposed to a lot of pro traders, not just on staff but in the trading room (whether in my crypto room, or in the main equity rooms). We have amazing members. And, if it doesn't work out, I promise no one is gonna call you all day long until you show up. No high pressure sales. We just want to see everyone successful. If it doesn't work out we understand.
I think it will go higher, after some breather that will be short. But Bitcoin Cash at Bitcoin price would be still overvalued given lack of market adoption.
Thanks for your feedback. This is a mathematical system based on the Elliott Wave Principle which ignores adoption :)
Hi ryan! i found this: https://www.elliottwavetrader.net/ourservices.php.
Let's say I am a noob and dont know anything about analysis. Do i get info from you there when to buy and when to sell? Or do i have to analyse for myself? Also 99$/month is nothing if you are in with thousands but that I dont have (yet). How much minimum would i need to trade with your info to make profit? Have you more info about profitranges/day or month? Is it as simple as you say: best to buy now, best to sell now? How many updates/day/week? is the 15 days free trial without giving creditcardinfo? Hope to follow you there soon! very interesting, hope you can provide more info because I followed someone once but it was worthless, the only thing he said was keep btc. Therefor i didnt wanna pay tons a year I could do that myself ;)
what info do we specificly get when following you there and how frequent?
brothermic: You bet. I do updates about maybe 20 times and through the weekend . It depends on where the market is, and sometimes it has to do with my own fatigue levels, but members will tell you I work my tail off. You'll see me on much of the day. You don't need to learn Elliott wave but it helps and we provide plenty of webinars on the site. I also do education on how to trade with my counts and the principle itself as needed.
I provide three levels of trade signals which you can get in SMS and email if you like. These are small cap long term portfolio changes, short term, and swing trades for aggressive traders. I actually suggest if new to trading NOT starting to trade with more than $500.
I had one guy in my 'room' make 36% in the first month, so even with $500 he made the fee back. (Knowing how long he was with the other services on the site, he was probably playing with 10's of thousands, but you get my point).
Once you get comfortable using Elliott Wave signals, you can add more money. Honestly, I don't spoon feed. You have to make your own decisions and manage your own risk. That way you learn how to do it. I also make bad calls, sometimes. I admit. Every analyst does. If they say they don't, well don't trust them.
In September I had a 69% win rate. The average trade gain was was 23% some of those were in days. October was rougher because the market was choppier but I made the recommendation that traders take a long term perspective and we ended up coming to this point in November on top with those open positions.
My suggestion is come on board, ask questions. Don't move too fast. You can leave at any time if you don't like it of course. We do not hard sell. It either works for you or doesn't. There are a lot of great members to help. I do interact on an individual basis, but I have 240 subscribers right now, so I can't give too much personal time. But other members help each other out. And, some of them are expert traders.