Just a reminder, be careful as this could be a major bull trap and the start of 2018 capitulation. All this crazy pumping from nowhere could lead to a drop to 4K as in 2014 Bear Market Capitulation.
We had the same type of D1 death cross, have breached D1 EMA100 and are now testing W1 EMA50, also have D1 RSI oversold and could not break the triangle bottom.
As you can see my positions on BNB/USDT have been fulfilled at $13.23
We went through a longer period of ranging before finally breaking out to the upside.
I made a total of 11% average across 50% of my capital balance. Those DCA buy ins really helped.
This is based on my -3/+3 EWO Strategy for BNB/USDT.
EWO has corrected almost back to O from a dip to -3 where our strategy generated a buy signal twice. When EWO turns green and rides up to +3, we will sell.
You can see I used Dollar Cost Averaging to double down on the 2nd dip past -3.
Do you like this strategy? Let me know in the comments below!
You can use the Elliott Wave Oscillator (EWO, Awesome Oscillator AO) to spot and label Elliott Waves.
Here I'm using an indicator called Elliott Wave Oscillator with Bands. The next best thing is BullTrading_MTF-EWO_V2.0 BullTrading Elliott Wave Oscillator by Gustavo. Don't bother looking into other EWOs.
The Bands version uses hl2 (shifted fwd by 1 bar) instead...
Turns out -3/+3 is a GREAT place on EW for signal on BNB/UST. Buy on -3, sell on +3 EW. These numbers aren't solid for every pair, however. I wouldn't use -3/+3 on just any pair. You have to look back and do some testing. BE PATIENT! This method can take awhile to generate a signal, but when you do it ROCKETS.
This trade is about 6% profit.