NeptenFX

BTCUSD long opportunity 06.03.2024

Long
COINBASE:BTCUSD   Bitcoin
BTCUSD
Hello Traders,

I present to you the Elliott Wave Method, which instructs us to wait until the dollar reaches around $56,000 USD and then enter other long positions, aiming for approximately $125,000 USD. This is my minimum expectation for the next bullish move. Additionally, as illustrated in the chart, there is also a possibility of a spike up to the area of $160,000 USD.

Overall, based on the Elliott Wave Method, I strongly recommend focusing solely on long positions at the moment, avoiding selling opportunities.

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