BitcoinUpdated 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
Note
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.Note
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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.