A New Guest Ryan Wilday – Technical Outlook For Cryptocurrencies
I am happy to introduce a new guest to the show, Ryan Wilday. Ryan is the technical analyst focused on cryptocurrencies on Avi’s site – ElliottWaveTrader.net. In our first interview for the site we look at his lower targets for Bitcoin and how he balances out the fundamental case and technical case when looking at the many cryptocurrencies in the world. Also listen to his potential higher target for Bitcoin.
Please reach out if you have any additional questions for Ryan. I can be reached at Fleck@kereport.com.
Click download link to listen on this device: Download Show
Avi does a good job calling technical turns in a number of sectors.
It was interesting to get Ryan’s thoughts & price targets today as a fellow EW trader.
I bought more PSLV @6.10 on Tuesday. I think silver is better than bitcoins, which aren’t coins at all, just electrons!
I have difficulty getting involved in any market that has Clif High as its pied piper. Or Bix Weir, or that idiot third JSnip4 aka Joseph Cosmides and the gaggle of remote viewers, psychics and failed forex trade scammers that he has on his pumping and dumping channel. A huge majority of these crypto coins and tokens are complete scams. It is the tech bubble all over again. Proof that people aren’t getting any smarter, including the millennials.
Agreed.
Rand/Ex:
As of right now there are 1709 cliptocurrencies. Few will survive the carnage coming.
Number of Currencies: 1,709 Total Market Cap: $266,699,851,059 Vol (24H): $11,265,211,937
Ditto……plus 2…….
Another Goldman Exec Dumps Wall Street for Crypto World
Kate Rooney – Mon, 9 April 2018
– Early cryptocurrency investor Mike Novogratz hired Richard Kim from Goldman Sachs as the new COO of his crypto merchant bank Galaxy Digital, says a person familiar with the matter.
– Kim is the latest of a handful of Goldman Sachs executives to leave Wall Street for crypto start-ups.
– Bitcoin’s march to near $20,000 last year has attracted Wall Street traders and hedge funds to the space.
https://www.cnbc.com/2018/04/09/another-goldman-exec-dumps-wall-street-for-crypto-world.html
Rockefellers Go Long On Cryptocurrencies to Invest in Blockchain Startups
CCN – April 10, 2018
https://www.ccn.com/rockefellers-go-long-on-cryptocurrencies-to-invest-in-blockchain-startups/
Crypto hedge fund known for eye-popping early returns lost nearly 50 percent last month
Kate Rooney – 04/10/2018
“Crypto hedge fund Pantera Capital saw the value of its Digital Asset Fund cut nearly in half in March, according to an investor letter published Tuesday.”
“For March alone, the cryptocurrency fund was down 45.7 percent.”
“We’re in a market with around 100 percent annualized volatility and this month was the worst month in our model’s 27-month history,” says Joey Krug, co-chief investment officer of Pantera Capital.
interesting…………
Indeed, many of the top business schools in the world, including Wharton and Stanford, have expanded their MBA course offerings to include classes on bitcoin, crypto, and blockchain.
Ryan Leaving ……………BYE< BYE
https://www.zerohedge.com/news/2018-04-11/house-speaker-paul-ryan-wont-run-reelection
……TAX REFORM
“Friends” of Ryan say he’s ready to leave Congress now that he’s passed tax reform – a longtime dream.
He is leaving, because he will not win again……..sell out candidate
Ryan might be Leaving on a HIGH NOTE>>>>>.following his buddy to the POT FIELD
Here is what X Speakers do…….Join a Pot Company……..
https://www.bloomberg.com/news/articles/2018-04-11/ex-speaker-john-boehner-joins-marijuana-firm-s-advisory-board
The Republican former Speaker of the House has joined the advisory board of Acreage Holdings, a company that cultivates, processes and dispenses cannabis in 11 U.S. states. Boehner’s endorsement, after saying nine years ago he was “unalterably opposed” to legalization, could be considered a watershed event: Marijuana has gone mainstream.
Hard to make this stuff up…………. 🙂
John is also on the board of the Zinc/Silver company Arizona Mining:
Arizona Mining Announces Appointment of John Boehner and William Mulrow to Board of Directors
More of the Same from the FRAUD FED
The overarching point here is that the great problems plaguing American society—scarcity of good jobs, punk GDP growth, faltering productivity, raging wealth mal-distribution, massive indebtedness, egregious speculative bubbles, fiscally incontinent government—-are overwhelmingly caused by our rogue central bank.
Wake me when they are down 85-95%, Avi was one of the few guys who got it and called the top just as he called the top in gold in 2011.