Ryan Wilday - Cryptrocurrency Technician – Wed 12 Aug, 2020

Cryptocurrency update – Price move updates and a new financing mechanism using Bitcoin

Ryan Wilday joins me for a quick update on the recent Bitcoin price action. He shares his targets for the cryptocurrency after the recent pop close to $12,000.

We also discuss the developments in the decentralized finance area (DeFi). Holders of Bitcoin can now lend out their cryptocurrency and utilize the decentralized networks supporting cryptocurrencies. This is another move toward decentralized financial markets that could play a big roll in our lives in the future.

Click here to visit the Elliot Wave Trader site and follow along with Ryan’s technical outlooks.

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Comments:
  1. On August 12, 2020 at 3:24 pm,
    cfs says:

    Obviously Bicoin was first.
    Then came Ethereum as a useable crypto.
    Is Cosmos a crypto that is useable across different crypto platforms ?

    Just asking….not any recommendation.

  2. On August 12, 2020 at 3:35 pm,
    cfs says:

    Usable…..not useable…..I’ve been reading too many foreign documents, that I don’t even think in my native language sometimes.

  3. On August 12, 2020 at 4:49 pm,
    Nigel says:

    DeFi space is full of sharks, I’d be very cautious

  4. On August 17, 2020 at 1:28 pm,
    Ron says:

    is XRP any good?
    I am thinking about buying some.
    any info will be helpful