Bitcoin rainbow chart

bitcoin rainbow chart

What do the bitcoin Rainbow chart Color bands mean?

The Bitcoin rainbow chart color bands show when the crypto is oversold and overbought. The lower part of the band shows when Bitcoin is oversold and these are represented by blue and green colors. As you move up the band, the colors change to yellow, orange, and red. Article continues below advertisement

What is the Rainbow chart and how does it work?

The Rainbow Chart is a long-term valuation tool for Bitcoin. It uses a logarithmic growth curve to forecast the potential future price direction of Bitcoin. It overlays rainbow color bands on top of the logarithmic growth curve channel in an attempt to highlight market sentiment at each rainbow color stage as price moves through it.

How to find bitcoin stock to flow Rainbow?

You can find it by searching Bitcoin Stock To Flow Rainbow in the indicators list. What the hell is Stock to flow ? Stock is the size of the existing stockpiles or reserves.

What is the bitcoin growth curve forecast?

It uses a logarithmic growth curve to forecast the potential future price direction of Bitcoin. It overlays rainbow color bands on top of the logarithmic growth curve channel in an attempt to highlight market sentiment at each rainbow color stage as price moves through it.

What is the Rainbow chart and how does it work?

The Rainbow Chart is a long-term valuation tool for Bitcoin. It uses a logarithmic growth curve to forecast the potential future price direction of Bitcoin. It overlays rainbow color bands on top of the logarithmic growth curve channel in an attempt to highlight market sentiment at each rainbow color stage as price moves through it.

What is the bitcoin Rainbow chart?

The Rainbow chart highlights that these periods are typically excellent times for the strategic investor to accumulate more Bitcoin. This Rainbow chart updates every 24 hours with the latest daily close price live, and will always be available to view on this page for free.

What do the different colors of the Rainbow mean?

Yellow – This is the color of the sunshine itself. It represents clarity of thought, wisdom, orderliness and energy. Green – This is the middle color of the rainbow and denotes fertility, growth, balance, health and wealth. Blue – This the fifth color of the rainbow which makes us think of the Unknown.

What are the color bands based on?

The color bands follow a logarithmic regression (introduced by Bitcointalk User trolololo in 2014 ), but are otherwise completely arbitrary and without any scientific basis. We never change them though.

Can the stock to flow chart predict the price of bitcoin?

The Stock to flow chart is used by many people to try and predict the future price of Bitcoin. The stock-to-flow line is an estimated future price point for Bitcoin. The Stock to flow chart predicts that the price of Bitcoin on 31st December 2022 will be $78,280. Its Bitcoin price prediction for 1 year later on the 31st December 2023 is $81,956.

Where can I find the stock to flow rainbow version?

I hope you are fine you and your family during this hard period. I just finished to program ( and adjusted ) the Stock To Flow Indicator, rainbow version, created by PlanB / 100trillionUSD. You can find it by searching Bitcoin Stock To Flow Rainbow in the indicators list. What the hell is Stock to flow ?

What is the bitcoin Rainbow chart?

The Rainbow chart highlights that these periods are typically excellent times for the strategic investor to accumulate more Bitcoin. This Rainbow chart updates every 24 hours with the latest daily close price live, and will always be available to view on this page for free.

Where does bitcoin spend most of its time in the Rainbow?

Bitcoin price spends majority of time in the fire sale band. Just eyeballing it, looks like the BTC price spends most of the time in the lowest band of the rainbow.

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