flash on Nostr: ⚡️The Rainbow chart for #Bitcoin is a beautiful indicator 🌈 It tells that the ...
⚡️The Rainbow chart for #Bitcoin is a beautiful indicator 🌈
It tells that the previous cycle hasn't gone into the type of euphoria that we generally witness in a Bitcoin cycle.
Due to that cycle, the expectations of this cycle have substantially lowered as PTSD kicks in.
According to the Rainbow Chart indicator, anything:
- Beneath $110K is classified 'Accumulation'
- Between $110-150K is classified 'Still Cheap'
To get into the red regions, the valuation needs to rally to:
- $250K+
- $375K+ for the first red color (and same stage as in the 2021 cycle).
The further time passes on, the higher the valuation goes. For instance, the same color that is currently red at $375K will be at $470K going into August '25.
It tells that the previous cycle hasn't gone into the type of euphoria that we generally witness in a Bitcoin cycle.
Due to that cycle, the expectations of this cycle have substantially lowered as PTSD kicks in.
According to the Rainbow Chart indicator, anything:
- Beneath $110K is classified 'Accumulation'
- Between $110-150K is classified 'Still Cheap'
To get into the red regions, the valuation needs to rally to:
- $250K+
- $375K+ for the first red color (and same stage as in the 2021 cycle).
The further time passes on, the higher the valuation goes. For instance, the same color that is currently red at $375K will be at $470K going into August '25.