In today’s episode, I had the pleasure of speaking with Ryan Wilday.
Ryan is a fellow SA contributor who specializes in trading/investing in cryptocurrencies using Elliott Wave Theory. I’ve been following Ryan for some time and can honestly say it was a pleasure having him on the show.
What is EWT? Why should you use it? And how high can Bitcoin go?
These are all questions we covered in the Podcast, as well as the macro outlook, alternative investments, gold, bonds and more.
Perhaps the greatest insight I took from this conversation was the idea that in trading/investing, there is no one recipe for success. Even the best traders have win rates of barely over 50%. The key to being succesfull is consistency and risk management.
1:07 Ryan’s origin story
9:20 Why Elliott Wave?
12:55 How does other TA fit in with EWT?
20:00: Risk Management
22:40 Is GBTC worth owning?
29:10 Log vs arithmetic chart
35:40 Long-term Bitcoin and Ethereum targets
43:20 Is the bottom in?
47:30 Crypto as part of a balanced portfolio
53:00 Watch out for “shitcoins”
55:50 The macro outlook
01:05:30 “Fundamentals” vs EWT
01:18:00 Vegas Moneyshow
