💰 #Bitcoin Rainbow Channel 🌈
What is a Rainbow?
- The Rainbow price chart is a long-term valuation tool for Bitcoin. It uses a logarithmic growth curve to forecast the potential future price direction of Bitcoin
🔥Warm Colors reflect the latest market phases (sell off territory)
❄️Cool Colors reflect the early market phases (accumulation territory)
Here is an interesting part Despite of the rise up to above $70k We are not even in 'Warm Colors' territory - it's still good levels for accumulating if we talk above Hodl strategy!
Where it's worth to sell?
Optimistic Levels
🟠Lighter Orange Zone $180k - $250k
🟠Darker Orange Zone $250k - $350k
Conservative Levels
🟡Yellow Zone - $140k - $180k
I do not consider 🔴Red Zone as it's a less likely option!
Do not forget that halving is approx. in 11 Days and it's the last chance before we take off🚀
