Bitcoin Price Targets From p&f Analysis
P&F is an old but great chart technique i like to use. It measures the volatility - a perfect match to Bitcoin. I'm using 3 box reversal with box size of $1.000. It's used to calculate price objectives at the end of wyckoff structures by measuring horizontal counts.
I've shared many p&f charts pointing 100k during first accumulation, but we got another reaccumulation followed by that and i believe we have come to the end of this accumulation zone. This means we now have more columns to count for a higher price objective!
The Segments:
1- Conservative
I'm taking the LPS of the primary accumulation as the conservative count, which is 9 bars.
(9x3x1000)+29=56k
(9x3x1000)+39=66k
2- Moderate
The spring of primary accumulation. 19 bars
(19x3x1000)+29=86k
(19x3x1000)+39=96k
3- Aggressive
The whole accumulation count. 31 bars
(31x3x1000)+29=122k
(31x3x1000)+39=132k
So, in all the fear of the moment, step back and consider this accumulation we had. Was that all for nothing? I don't think so!
But what do i know :)
Trade safe!
I've shared many p&f charts pointing 100k during first accumulation, but we got another reaccumulation followed by that and i believe we have come to the end of this accumulation zone. This means we now have more columns to count for a higher price objective!
The Segments:
1- Conservative
I'm taking the LPS of the primary accumulation as the conservative count, which is 9 bars.
(9x3x1000)+29=56k
(9x3x1000)+39=66k
2- Moderate
The spring of primary accumulation. 19 bars
(19x3x1000)+29=86k
(19x3x1000)+39=96k
3- Aggressive
The whole accumulation count. 31 bars
(31x3x1000)+29=122k
(31x3x1000)+39=132k
So, in all the fear of the moment, step back and consider this accumulation we had. Was that all for nothing? I don't think so!
But what do i know :)
Trade safe!
Protect your Bitcoin investment with our realtime alerts and fully automate your trading. No more sleepless nights, black swans, rug pulls, whale pump & dumps or getting sidelined.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.