XBT Perp Swap - Price, Pattern, Vol, Trend and Time Analysis.
Numerous long term developed using recent and historical price action - confluence.
Two shorter term using current and historical price action - confluence.
Uncertain times and longer term analysis unfortunately means that both and scenarios must be considered.
Price is currently testing the top of one , interestingly also 0.382 Fib price.
Note that we are within a clamp, supported and held back by shelves,
seen in the visible range (VPVR.)
Should we fail the bottom of the , we have 8k support, should 8k support fail we see the next shelf
in the VPVR at 7200-7400 and so on. All these possible failures still keep us in the long term .
Fibonacci Arcs: Fib arcs measure price and time, as you can see, used properly they outline price and used in conjunction
with the correct tools you can develop an idea of when price will react but NOT in what direction.
Ichimoku: Multiple moving averages marked by the thicker lines (not enough space to go into the technicals.)
Note how price reacted with the bottom of the cloud.
I will not make a prediction, because that is not actually the job of , I trade trends, if we break above the
current resistance I go long to the bottom of the cloud 10k, if support fails I go short to 8k.