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fifty2kph
May 10, 2019 2:18 AM

Bitcoin: How long will #BTC price be in 6~6.5k resistance zone? 

Bitcoin / U.S. dollarBitstamp

Description

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

Comment

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.

Comment

Comments
CryptoEngineering
Let's see how it goes! I am out for now!



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