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!