First of a series: We will outline how to trade this asset class, and we will consider whether we have a bubble ready to pop. In later articles, we will focus on a few of the large cap coins through the Elliott Wave lens, writes Avi Gilburt with Ryan Wilday of ElliottWaveTrader.net.
I want to begin this new series on crypto-currency by introducing my co-author, Ryan Wilday.In 2012, with twelve years of trading behind him, Ryan had no interest in, or knowledge of, cryptocurrency. However, a chat with a programmer friend about bitcoin peaked his curiosity. He then dug up a chart and, despite all his years of experience trading, he couldn’t make sense of its sudden spikes and deep drops.Since his initial introduction into cryptocurrencies much has changed in Ryan’s life. Today, he is currently leading the newly created Crypto Currency Service at Elliott Wave Trader (EWT). And, every week, he is meeting new people online and in person, introducing them to the concepts surrounding cryptos, and how to trade them.So, Ryan and I are going to collaborate on a series of articles to guide you on how you can get involved in this market for the first time. We will outline how to trade this asset class, and we will also provide our opinion as to whether we have a bubble ready to pop. In later articles, we will focus on a few of the large cap coins and where we see them going, through the Elliott Wave lens.But, first, how does one start?