đ° #Bitcoin Rainbow Channel đ
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
đ„Warm Colors reflect the latest market phases (sell off territory)
âïžCool 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
đ Lighter Orange Zone $180k - $250k
đ Darker Orange Zone $250k - $350k
Conservative Levels
đĄYellow Zone - $140k - $180k
I do not consider đŽRed 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 offđ
