of where the market feels an asset should be priced at any given time.
Chart patterns are useful and can be an indication of what the smart money is doing whether accumulation or distribution(buying/selling). These patterns occur on all time frames from the smallest 1 minute down to the largest monthly. Recognizing and interpreting the significance of these patterns takes practice. The more you look at them the easier they become to recognize.
Moving averages are also useful. I typically use 9, 21, 50 and 200 day moving averages. They can be used for trend analysis as well as for purposes. I like to include them routinely on my charts that way i don't forget to put them on.
The fibonacci ratio has been applied to multiple phenomena in nature. It also appears to work in the markets and can be used for retracement and extension purposes. Thus, you can estimate what price a trading/investing instrument will retrace to or what a possible target might be.
In this bitcoin I use these features to determine a possible future price of 10 k for bitcoin .
Not intended as financial advice. Do your own due diligence when trading/investing. Do not risk money you cannot afford to lose.