Bitcoin: How long will #BTC price be in 6~6.5k resistance zone?
Duration of 2015 capitulation candle ~ 2015 first retest of previous major support (now resistance): 294 days
Duration of 2018 capitulation candle ~ 2019 first retest of previous major support (now resistance): 168 days
168/294 = 57%
Duration of 2015 resistance period: 203 days
57% of 203 = 116 days
Duration of 2018 capitulation candle ~ 2019 first retest of previous major support (now resistance): 168 days
168/294 = 57%
Duration of 2015 resistance period: 203 days
57% of 203 = 116 days
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It's come to my attention that in my haste I had made an error in the range of the support & resistance zone. It is NOT $6000~$6500 as the title mentions; it IS in fact $6000~$6800.
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