Bitcoin Rainbow Chart User Guide 🌈🌈🌈🌈
1. Determine the Current Price Range
Zoom in on the latest BTC price action, hover the cursor over the price line to determine which price range it is in.
2. Annotate the Price Range Colors
1. Deep Blue ("Basically a Fire Sale") Severely Undervalued;
2. Cyan ("Buy Now!") Clearly Undervalued;
3. Green ("Add to Position") Undervalued;
4. Light Green ("Still Very Cheap") Slightly Undervalued;
5. Yellow ("Hold Long-Term!") Fairly Valued;
6. Orange ("Is This a Bubble?") Seems Slightly Overvalued;
7. Light Red ("FOMO Intensifies") Possibly Overvalued;
8. Red ("Sell Quickly!") Severely Overvalued;
9. Dark Red ("Maximum Bubble Zone") Extremely Overvalued.
The top colors indicate overbought, while the bottom indicates oversold.
3. Advantages of the Bitcoin Rainbow Chart
1. Intuitive presentation of historical price trends and market sentiment.
2. Helps in understanding Bitcoin's long-term price behavior.
3. The color bands provide guidance for buying, selling, or holding.
Conclusion: The Bitcoin Rainbow Chart visualizes price action and market sentiment, allowing investors to identify opportunities, but it is essential to combine it with other indicators to reduce risk and enhance success rate.
⚠️ For the official Bitcoin Rainbow Chart website, please contact me (see my profile) #圣诞行情预测
