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Adem Edris
@Square-Creator-AdemEdrs
#Crypto challenge
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WA7CRYPTO
--
Bearish
$BTC $ETH $BNB
I think I see that there is a bearish pattern coming for BTC, but before that, BTC will not penetrate more than 62,700. The discussion about the rise has ended, so the goal is when will it bounce and which area to say again, support 62400, then support 61,800, these are two areas of fluctuation. Now we have the 61,000 area, the area of fluctuation and 60650 also fluctuates, almost two areas of fluctuation, so if you do not want the second, just focus on the first 62400 and 61800 also only, and focus on the support 59750, if it is broken, there will be a strong slide to 57350. I am not sure about the rest of the areas, but I will check later and see which areas of fluctuation there are. It is not clear, but I think one area has the most fluctuation area. For this reason, I cannot expect 55,000 areas to support it, so wait for the next update from me. Good luck.
#BTC #TONonBinance #XRPVictory #MarketDownturn #SahmRule
I think I see that there is a bearish pattern coming for BTC, but before that, BTC will not penetrate more than 62,700. The discussion about the rise has ended, so the goal is when will it bounce and which area to say again, support 62400, then support 61,800, these are two areas of fluctuation. Now we have the 61,000 area, the area of fluctuation and 60650 also fluctuates, almost two areas of fluctuation, so if you do not want the second, just focus on the first 62400 and 61800 also only, and focus on the support 59750, if it is broken, there will be a strong slide to 57350. I am not sure about the rest of the areas, but I will check later and see which areas of fluctuation there are. It is not clear, but I think one area has the most fluctuation area. For this reason, I cannot expect 55,000 areas to support it, so wait for the next update from me. Good luck.
#BTC #TONonBinance #XRPVictory #MarketDownturn #SahmRule
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$DOGE
$DOGE ❤️ $DOGE
$DOGE ❤️ $DOGE
LIVE
Cryptos Headlines
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Dogecoin on X Sparks a Revolutionary Era for Digital Transactions
30X Profit Expected from AIG Token: AI Games has launched its native token (AIG). 1 AIG Token Price Is $0.01 & Exchange Listing Price $0.30, Don’t miss this opportunity; join the pre-sale at the official website [PlayAiGames.Online]
Elon Musk’s ambitious transformation of the platform formerly known as Twitter, now called X, aims to turn it into a “universal application.” Among the exciting developments is the potential integration of cryptocurrencies, specifically Dogecoin on X. This possibility is generating significant buzz within the crypto community.
X’s ongoing efforts to create an integrated payments service are central to its strategy of becoming an all-in-one app. This service could potentially see the inclusion of Dogecoin, given Musk’s well-documented affection for this particular cryptocurrency.
So far, X has secured money transfer licenses in 35 states, including North Dakota, with 15 more states pending approval to enable a nationwide rollout. Elon Musk’s consistent support for Dogecoin has fueled speculation about its possible integration into X’s payment system. Notably, it is rumored that Musk owns 20% of the total DOGE supply.
Despite the excitement in the air , there has been no concrete evidence found in X’s payment system development code to confirm Dogecoin’s inclusion.
A user named Swakshan pointed out URLs such as /i/payments/verify-payment-method, hinting at multiple payment options that could include Dogecoin on X. However, as Mishaboar, a prominent Dogecoin community member, emphasizes, “no official confirmation exists beyond rumors.”
#Doge #Dogecoin #ElonMusk #TONonBinance #XRPVictory $DOGE $PEPE $BTC
30X Profit Expected from AIG Token: AI Games has launched its native token (AIG). 1 AIG Token Price Is $0.01 & Exchange Listing Price $0.30, Don’t miss this opportunity; join the pre-sale at the official website [PlayAiGames.Online]
Elon Musk’s ambitious transformation of the platform formerly known as Twitter, now called X, aims to turn it into a “universal application.” Among the exciting developments is the potential integration of cryptocurrencies, specifically Dogecoin on X. This possibility is generating significant buzz within the crypto community.
X’s ongoing efforts to create an integrated payments service are central to its strategy of becoming an all-in-one app. This service could potentially see the inclusion of Dogecoin, given Musk’s well-documented affection for this particular cryptocurrency.
So far, X has secured money transfer licenses in 35 states, including North Dakota, with 15 more states pending approval to enable a nationwide rollout. Elon Musk’s consistent support for Dogecoin has fueled speculation about its possible integration into X’s payment system. Notably, it is rumored that Musk owns 20% of the total DOGE supply.
Despite the excitement in the air , there has been no concrete evidence found in X’s payment system development code to confirm Dogecoin’s inclusion.
A user named Swakshan pointed out URLs such as /i/payments/verify-payment-method, hinting at multiple payment options that could include Dogecoin on X. However, as Mishaboar, a prominent Dogecoin community member, emphasizes, “no official confirmation exists beyond rumors.”
#Doge #Dogecoin #ElonMusk #TONonBinance #XRPVictory $DOGE $PEPE $BTC
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#TONonBinance $TON
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Ton Network
--
Gm 💎
Telegram has 950M monthly active users.
Reply $TON + RT if you're one of them!
Telegram has 950M monthly active users.
Reply $TON + RT if you're one of them!
See original
#TONonBinance $TON
LIVE
Ton Network
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Introducing Signer!
Developed by @tonkeeper, Signer is a new app that enhances the security of your transactions by allowing you to securely store and use private keys outside of your wallet. 🔐
Choose between convenience mode, pairing Signer with Tonkeeper on a single device, or maximum security mode, signing transactions offline via QR codes.
The Signer app seamlessly integrates with existing wallets, offering additional security by encrypting user keys without overcomplicating transactions. Your keys remain accessible through a password, ensuring both security and ease of use.
🔗:
Developed by @tonkeeper, Signer is a new app that enhances the security of your transactions by allowing you to securely store and use private keys outside of your wallet. 🔐
Choose between convenience mode, pairing Signer with Tonkeeper on a single device, or maximum security mode, signing transactions offline via QR codes.
The Signer app seamlessly integrates with existing wallets, offering additional security by encrypting user keys without overcomplicating transactions. Your keys remain accessible through a password, ensuring both security and ease of use.
🔗:
$BTC
📍Coin : BTC/USDT
🟢 LONG
👉 Entry: 59000$ to 61000$
❌ StopLoss 0.45
🚀 Target 1: 62000$
🚀 Target 2: 63000$
🚀 Target 3: 64000$
🚀 Target 4: 65000$
💹 Leverage: 10X to 20X
Total Supply = $19.72M
All Time High = $73750
All Time Low = $0.04
Volume 24ha = $22.56 B
Rank = #1
ᵂᵉ ᵍⁱᵛᵉ ʸᵒᵘ ˢⁱᵍⁿᵃˡˢ ᶠʳᵒᵐ ᵒᵘʳ ᵖʳᵒᵈᵘᶜᵗ ᵉˣᵖᵉʳⁱᵉⁿᶜᵉ. ¹⁰⁰% ᵃᶜᶜᵘʳᵃᵗᵉ ⁱˢ ᵖᵒˢˢⁱᵇˡᵉ ᵂᵉ ᵃⁿᵃˡʸᶻᵉ ᵃ ˡᵒᵗ ᵃⁿᵈ ᵗʳʸ ᵗᵒ ᵍⁱᵛᵉ ᵉⁿᵒᵘᵍʰ ᵃᶜᶜᵘʳᵃᶜʸ
#CryptoPCEWatch #BTC☀ #Botcoin
LIVE
Binance Square Official
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Tips and must-knows for Square Creators
Welcome, Square Creators! We wanted to share some tips and must-knows to help newly joined creators start gaining their first 100 followers and begin earning on Binance Square. Here you go:
Tips x 7:
Set up a nickname and avatar on Binance Square (it might impact your reach if you don't)Discover new trends and explore content ideas using #hashtags
Write about hot, new listings, top gainers, and losers on Binance. Tag the token using "$" (e.g., $BTC $ETH $BNB )
You can create short posts, in-depth articles, with images, polls, videos, and live audio on SquareAsk your family and friends to follow you on BinanceWhen you first start, it's important to gather likes and comments from your family and friends to help achieve better reachJoin Write to Earn and start earningRegister Write to Earn here and get up to 30% in trading fee commission by creating content on SquareFollow @Binance Square Official for future campaign and feature updates! Or visit Creator Academy
Don'ts X 3:
Posts directing users to third-party platforms (e.g., Telegram groups, private channels) are strictly prohibitedGiveaways (e.g., "comment UID to get rewarded") and begging for money are not allowed. Please only participate in official giveaways in the Square Giveaway CentersTo safeguard users from being scammed, please avoid sharing projects or news that have not been verified
Tips x 7:
Set up a nickname and avatar on Binance Square (it might impact your reach if you don't)Discover new trends and explore content ideas using #hashtags
Write about hot, new listings, top gainers, and losers on Binance. Tag the token using "$" (e.g., $BTC $ETH $BNB )
You can create short posts, in-depth articles, with images, polls, videos, and live audio on SquareAsk your family and friends to follow you on BinanceWhen you first start, it's important to gather likes and comments from your family and friends to help achieve better reachJoin Write to Earn and start earningRegister Write to Earn here and get up to 30% in trading fee commission by creating content on SquareFollow @Binance Square Official for future campaign and feature updates! Or visit Creator Academy
Don'ts X 3:
Posts directing users to third-party platforms (e.g., Telegram groups, private channels) are strictly prohibitedGiveaways (e.g., "comment UID to get rewarded") and begging for money are not allowed. Please only participate in official giveaways in the Square Giveaway CentersTo safeguard users from being scammed, please avoid sharing projects or news that have not been verified
#Hamster Combat
### Hamster Combat Token: A New Sensation with Over 50 Million Participants
In the rapidly evolving world of cryptocurrency, the emergence of new tokens continues to capture the attention and enthusiasm of investors and enthusiasts alike. One such token that has recently made significant waves is the Hamster Combat token. With a growing community of over 50 million participants, Hamster Combat is quickly becoming a noteworthy player in the digital currency landscape.
#### The Rise of Hamster Combat
Hamster Combat token has seen an unprecedented rise in popularity since its inception. The token's unique concept, which combines the excitement of digital currency with the whimsical charm of hamsters engaged in combat, has resonated with a broad audience. This token stands out not only for its engaging theme but also for the robust community support it has garnered in a short span of time.
The community-driven nature of Hamster Combat is one of its core strengths. Enthusiasts from around the globe have come together to support and promote the token, creating a vibrant ecosystem that thrives on shared enthusiasm and collaborative efforts. The community’s growth to over 50 million participants is a testament to the token’s appeal and the potential it holds for future developments.
#### Powered by the TON Blockchain
One of the most exciting developments for Hamster Combat is its adoption of the TON (The Open Network) blockchain. TON, known for its high performance, scalability, and secure infrastructure, provides an ideal foundation for the development and expansion of the Hamster Combat ecosystem.
The integration with TON blockchain offers several advantages:
1. **Scalability**: TON’s architecture allows Hamster Combat to handle a large number of transactions efficiently, ensuring smooth and fast operations even as the user base continues to grow.
2. **Security**: With TON's robust security protocols, Hamster Combat transactions are safeguarded against fraud and unauthorized access, providing participants with a secure environment for their investments.
In the rapidly evolving world of cryptocurrency, the emergence of new tokens continues to capture the attention and enthusiasm of investors and enthusiasts alike. One such token that has recently made significant waves is the Hamster Combat token. With a growing community of over 50 million participants, Hamster Combat is quickly becoming a noteworthy player in the digital currency landscape.
#### The Rise of Hamster Combat
Hamster Combat token has seen an unprecedented rise in popularity since its inception. The token's unique concept, which combines the excitement of digital currency with the whimsical charm of hamsters engaged in combat, has resonated with a broad audience. This token stands out not only for its engaging theme but also for the robust community support it has garnered in a short span of time.
The community-driven nature of Hamster Combat is one of its core strengths. Enthusiasts from around the globe have come together to support and promote the token, creating a vibrant ecosystem that thrives on shared enthusiasm and collaborative efforts. The community’s growth to over 50 million participants is a testament to the token’s appeal and the potential it holds for future developments.
#### Powered by the TON Blockchain
One of the most exciting developments for Hamster Combat is its adoption of the TON (The Open Network) blockchain. TON, known for its high performance, scalability, and secure infrastructure, provides an ideal foundation for the development and expansion of the Hamster Combat ecosystem.
The integration with TON blockchain offers several advantages:
1. **Scalability**: TON’s architecture allows Hamster Combat to handle a large number of transactions efficiently, ensuring smooth and fast operations even as the user base continues to grow.
2. **Security**: With TON's robust security protocols, Hamster Combat transactions are safeguarded against fraud and unauthorized access, providing participants with a secure environment for their investments.
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LIVE
Decilizer
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Bullish
$BICO takes support at 0.20$ and is rallying ahead with a huge volume surge. The way it follows this uptrend, it looks like we'll reach our next target of 0.47$ way earlier than expected. Expecting $BTC to stay bullish.
We've tracked 710% returns in the previous rally.
We've tracked 710% returns in the previous rally.
LIVE
Binance Pool
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Bullish
Binance Pool Launches KASPA (KAS) Mining Pool: Enjoy Zero Pool Fees With KAS Mining! 🔨
Fellow Binancians,
Binance Pool has officially launched the KASPA Network (KAS) mining service. During the Promotion Period, all KAS miners will Enjoy Zero Pool Fees for KAS mining. 🔨
Promotion Period: 2024-08-05 00:00 (UTC) to 2024-11-05 00:00 (UTC)
How to Get Started:
🔸 Log in to your verified Binance account and register for a Binance Pool account.
🔸 Follow the step-by-step guide in the KAS mining tutorial to start mining.
🔸 Check your current hashrate from Workers.
Start Mining KAS on Binance Pool! 🔨
Please Note:
🔸 Users may email poolvip@binance.com to apply for VIP status if their hashrate level has reached the Binance Pool VIP level requirements.
🔸 KAS is not currently listed (tradable) on Binance.com.The launch of KAS mining service on Binance Pool does not guarantee a token listing on Binance.com.
🔸 Users’ earnings will remain in their Binance Pool wallet balance if:
- The earnings is lower than the minimum payout threshold (100 KAS);or
- Users did not set up a valid payout address in their Binance Pool account.Please make sure the payout address supports the minimum payout threshold (100 KAS) to avoid unnecessary losses.
Terms and Conditions:
🔸 Users must provide a valid third-party address in their Binance Pool account to receive KAS rewards.
🔸 Binance reserves the right to disqualify any participants who tamper with Binance program code,or interfere with the operation of Binance program code with other software.
🔸There may be discrepancies in the translated version of this original article in English.Please reference this original version for the latest or most accurate information where any discrepancies may arise.
Thank you for your support!
Binance Pool Team
#kaspacurrency #Kaspa. #KASToken #KAS #KAS/USDT
Fellow Binancians,
Binance Pool has officially launched the KASPA Network (KAS) mining service. During the Promotion Period, all KAS miners will Enjoy Zero Pool Fees for KAS mining. 🔨
Promotion Period: 2024-08-05 00:00 (UTC) to 2024-11-05 00:00 (UTC)
How to Get Started:
🔸 Log in to your verified Binance account and register for a Binance Pool account.
🔸 Follow the step-by-step guide in the KAS mining tutorial to start mining.
🔸 Check your current hashrate from Workers.
Start Mining KAS on Binance Pool! 🔨
Please Note:
🔸 Users may email poolvip@binance.com to apply for VIP status if their hashrate level has reached the Binance Pool VIP level requirements.
🔸 KAS is not currently listed (tradable) on Binance.com.The launch of KAS mining service on Binance Pool does not guarantee a token listing on Binance.com.
🔸 Users’ earnings will remain in their Binance Pool wallet balance if:
- The earnings is lower than the minimum payout threshold (100 KAS);or
- Users did not set up a valid payout address in their Binance Pool account.Please make sure the payout address supports the minimum payout threshold (100 KAS) to avoid unnecessary losses.
Terms and Conditions:
🔸 Users must provide a valid third-party address in their Binance Pool account to receive KAS rewards.
🔸 Binance reserves the right to disqualify any participants who tamper with Binance program code,or interfere with the operation of Binance program code with other software.
🔸There may be discrepancies in the translated version of this original article in English.Please reference this original version for the latest or most accurate information where any discrepancies may arise.
Thank you for your support!
Binance Pool Team
#kaspacurrency #Kaspa. #KASToken #KAS #KAS/USDT
LIVE
Binance Announcement
--
Earn Wednesday: New Limited-Time Offers Available Now! (2024-08-07)
This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
Binance Earn presents to you new offers that will launch each Wednesday. Stay tuned for Earn Wednesday to get rewards across Simple Earn, ETH Staking, Dual Investment and more.
Trending Limited-Time Offers
ProductOfferingsDurationAPRMin. Subscription Limit per UserMax. Subscription Limit per User Flexible ProductsDODOFlexibleReal-Time APR(Approx. 1%)+6% Bonus tiered APR(Tier 0.1-5,000 DODO)1 DODO2,500,000 DODOFDUSDFlexibleReal-Time APR(Approx. 1%)+10.5% Bonus tiered APR(Tier 0.1-1,000 FDUSD)0.1 FDUSDUnlimitedSTORJFlexibleReal-Time APR(Approx. 6.5%)1 STORJ500,000 STORJCTKFlexibleReal-Time APR(Approx. 6%)0.1 CTK250,000 CTKLocked ProductsBNB120 Days0.34%+HODLer Airdrops, Megadrop & Launchpool rewards (where applicable)0.05 BNB300,000 BNBSOL120 Days5.6%0.01 SOL80 SOLETH StakingETHFlexibleDynamic APR(Approx. 8%)0.0001 ETHUnlimitedDual InvestmentBTCMultiple Settlement DatesUp to 15% or more0.00001 BTC200 BTC per subscriptionETHMultiple Settlement DatesUp to 15% or more0.0001 ETH4,000 ETH per subscription
Please Note:
Flexible and Locked ProductsBinance reserves the right to adjust APRs at any time without prior notice.Offers are available on a first-come, first-served basis. Once subscribed, users can view their assets by going to Wallets > Earn.Users may choose to redeem their assets in advance in Simple Earn Locked Products. After choosing early redemption, the principal will be returned to the spot account, and the distributed interest will be deducted from the refunded principal. Due to differing global time zones, it may take 48 - 72 hours to receive the tokens.Users will automatically receive rewards from ongoing Launchpools when they hold BNB Flexible Product and/or BNB Locked Product positions. Refer to this announcement for more information.Users may also accrue scores and qualify for Megadrop rewards with active BNB Locked Products positions. For more details, please refer to the FAQ. On top of that, users who subscribe to BNB Simple Earn products (Flexible and/or Locked) with their BNB holdings can receive airdropped tokens via HODLer Airdrops.
**********
More Earn Updates & Attractive Promotions
Dual Investment
Users can now subscribe to Dual Investment and get up to $2,000 in BTC Rewards from 2024-07-29 07:00 (UTC) to 2024-08-11 23:59 (UTC). Refer to this announcement to learn more.Binance has launched a new batch of Dual Investment products with updated Target Prices and Settlement Dates, where users can utilize our Sell High or Buy Low products.
SELL HIGH
Target Users:
Users who want to accumulate high rewards on the cryptocurrency holdings, orUsers who want to sell the Deposit Currency for a higher price in the future, compared to the market price on the subscription date.
Deposit CurrencySell ForSettlement DatesBTC, ETH, BNB, SOL, or any of the other 12 tokensUSDT, FDUSD, or USDC2024-08-092024-08-132024-08-162024-08-202024-08-232024-08-302024-09-272024-10-25ETHBTCBNBBTC or ETH
BUY LOW
Target Users:
Users who want to accumulate high rewards on stablecoin holdings, orUsers who want to buy a cryptocurrency for a lower price in the future, compared to the market price on the subscription date.
Deposit CurrencyCryptocurrency to BuySettlement DatesUSDT, FDUSD, or USDCBTC, ETH, BNB, SOL, or any of the other 12 tokens2024-08-092024-08-132024-08-162024-08-202024-08-232024-08-302024-09-272024-10-25BTCETH or BNBETHBNB
**********
Note: There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.
Thank you for your support!
Binance Team
2024-08-07
Fellow Binancians,
Binance Earn presents to you new offers that will launch each Wednesday. Stay tuned for Earn Wednesday to get rewards across Simple Earn, ETH Staking, Dual Investment and more.
Trending Limited-Time Offers
ProductOfferingsDurationAPRMin. Subscription Limit per UserMax. Subscription Limit per User Flexible ProductsDODOFlexibleReal-Time APR(Approx. 1%)+6% Bonus tiered APR(Tier 0.1-5,000 DODO)1 DODO2,500,000 DODOFDUSDFlexibleReal-Time APR(Approx. 1%)+10.5% Bonus tiered APR(Tier 0.1-1,000 FDUSD)0.1 FDUSDUnlimitedSTORJFlexibleReal-Time APR(Approx. 6.5%)1 STORJ500,000 STORJCTKFlexibleReal-Time APR(Approx. 6%)0.1 CTK250,000 CTKLocked ProductsBNB120 Days0.34%+HODLer Airdrops, Megadrop & Launchpool rewards (where applicable)0.05 BNB300,000 BNBSOL120 Days5.6%0.01 SOL80 SOLETH StakingETHFlexibleDynamic APR(Approx. 8%)0.0001 ETHUnlimitedDual InvestmentBTCMultiple Settlement DatesUp to 15% or more0.00001 BTC200 BTC per subscriptionETHMultiple Settlement DatesUp to 15% or more0.0001 ETH4,000 ETH per subscription
Please Note:
Flexible and Locked ProductsBinance reserves the right to adjust APRs at any time without prior notice.Offers are available on a first-come, first-served basis. Once subscribed, users can view their assets by going to Wallets > Earn.Users may choose to redeem their assets in advance in Simple Earn Locked Products. After choosing early redemption, the principal will be returned to the spot account, and the distributed interest will be deducted from the refunded principal. Due to differing global time zones, it may take 48 - 72 hours to receive the tokens.Users will automatically receive rewards from ongoing Launchpools when they hold BNB Flexible Product and/or BNB Locked Product positions. Refer to this announcement for more information.Users may also accrue scores and qualify for Megadrop rewards with active BNB Locked Products positions. For more details, please refer to the FAQ. On top of that, users who subscribe to BNB Simple Earn products (Flexible and/or Locked) with their BNB holdings can receive airdropped tokens via HODLer Airdrops.
**********
More Earn Updates & Attractive Promotions
Dual Investment
Users can now subscribe to Dual Investment and get up to $2,000 in BTC Rewards from 2024-07-29 07:00 (UTC) to 2024-08-11 23:59 (UTC). Refer to this announcement to learn more.Binance has launched a new batch of Dual Investment products with updated Target Prices and Settlement Dates, where users can utilize our Sell High or Buy Low products.
SELL HIGH
Target Users:
Users who want to accumulate high rewards on the cryptocurrency holdings, orUsers who want to sell the Deposit Currency for a higher price in the future, compared to the market price on the subscription date.
Deposit CurrencySell ForSettlement DatesBTC, ETH, BNB, SOL, or any of the other 12 tokensUSDT, FDUSD, or USDC2024-08-092024-08-132024-08-162024-08-202024-08-232024-08-302024-09-272024-10-25ETHBTCBNBBTC or ETH
BUY LOW
Target Users:
Users who want to accumulate high rewards on stablecoin holdings, orUsers who want to buy a cryptocurrency for a lower price in the future, compared to the market price on the subscription date.
Deposit CurrencyCryptocurrency to BuySettlement DatesUSDT, FDUSD, or USDCBTC, ETH, BNB, SOL, or any of the other 12 tokens2024-08-092024-08-132024-08-162024-08-202024-08-232024-08-302024-09-272024-10-25BTCETH or BNBETHBNB
**********
Note: There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.
Thank you for your support!
Binance Team
2024-08-07
LIVE
Binance Academy
--
What Is the Bitcoin Rainbow Chart and How to Use It?
Key Takeaways
The Bitcoin Rainbow Chart is a charting tool that can indicate whether bitcoin (BTC) is undervalued, fairly valued, or overvalued based on its historical prices.
It consists of a series of colored bands that represent various price ranges. The position of the price within the color bands can provide insights into market sentiment and potential long-term moves.
The BTC Rainbow Chart was created as a meme in 2014 by adding colors to a log scale chart. The formula was changed in 2019, giving birth to the Bitcoin Rainbow Chart V2.
The accuracy of the Bitcoin Rainbow Chart remains a topic of debate due to its heavy reliance on historical data and subjective parameters.
What Is the BTC Rainbow Chart?
The Bitcoin Rainbow Chart is a technical analysis tool used to track the performance of bitcoin (BTC). The Rainbow Chart uses a series of colored bands that can indicate different phases of market sentiment, suggesting whether bitcoin is undervalued, fairly valued, or overvalued.
How Was the Bitcoin Rainbow Chart Created?
The first Bitcoin Rainbow Chart was created in 2014 by a Reddit user named “azop”, who designed it as a fun way to depict bitcoin’s price history. At the time, the BTC Rainbow Chart didn’t have a bow. It was simply made of straight-line colored bands on a log scale chart.
In 2019, Bitcoin user Rohmeo changed the formula to create the Bitcoin Rainbow Chart V2, which has a bow and uses a more scientific way to model prices. The new formula was inspired by a logarithmic regression chart created by BitcoinTalk user “trolololo” back in 2014.
How to Use the Bitcoin Rainbow Chart
Both V1 and V2 versions of the BTC Rainbow Chart are available at Rohmeo’s website, BlockchainCenter. While there is no guarantee that the rainbow chart model will succeed in the long term, it’s still worth learning how to use it.
1. Identify the current price band.
Start by identifying the price band where the BTC price is. You can do this by zooming in on the most recent price action and hovering your cursor over the price line.
2. Interpret the band color.
Once you have identified the current price band, you can use the suggested color scheme to interpret what it means.
According to the model, the bottom colors suggest potential oversold conditions, while the top colors suggest an overbought market. From bottom to top:
Dark Blue (“Basically a Fire Sale”): extremely undervalued.
Cyan ("BUY!"): highly undervalued.
Green ("Accumulate"): undervalued.
Light Green ("Still cheap"): somewhat undervalued.
Yellow ("HODL!"): fairly valued.
Orange ("Is this a bubble?"): may be overvalued.
Light Red ("FOMO intensifies"): probably overvalued.
Red ("Sell. Seriously, SELL!"): highly overvalued.
Dark Red (“Maximum Bubble Territory”): extremely overvalued.
3. Consider historical context.
Consider looking at the historical price action within different color bands. Notice the patterns and trends that emerge when bitcoin’s price has previously been in a similar band. For example, when BTC entered the "Dark Blue" band in the past, what followed? Did the price typically rise shortly after, or was there sideways price action?
4. Combine with other indicators.
While the Bitcoin Rainbow Chart can be an interesting tool for understanding market sentiment, it should be used alongside other strategies and indicators to mitigate risks. Here are some additional tools to consider:
Trading volume: Examine bitcoin's trading volume to understand market activity. For instance, high trading volume often signals strong market interest.
Technical analysis indicators: Consider other TA tools, such as moving averages, the Relative Strength Index (RSI), and the Moving Average Convergence Divergence (MACD), to identify trends and potential reversal points.
Macroeconomics: Consider the current macroeconomic scenario before taking financial risk. How high or low are interest rates? What about inflation and global liquidity? These questions can help you understand the big picture and assess if investors are more risk-on or risk-off.
Does the Bitcoin Rainbow Chart Work?
The accuracy of the Bitcoin Rainbow Chart is a topic of debate among investors and analysts. Here are several points to consider when assessing its accuracy:
Historical basis
The Bitcoin Rainbow Chart is based on historical data, using past price movements to create a visual representation of market sentiment. This can provide valuable context and insights into how bitcoin's price has behaved. However, the reliance on historical data means that the chart may not fully account for new developments in the crypto market.
Logarithmic regression
The Rainbow Chart uses logarithmic regression to smooth out bitcoin’s volatility and create a more stable trend line. This helps illustrate long-term trends and potential price ranges, but it is not infallible. The assumptions made when creating the regression line can affect its predictive power.
The subjectivity of color bands
The color bands in the Bitcoin Rainbow Chart are subjectively determined. The definitions of “undervalued,” “fairly valued,” or “overvalued” are not fixed and can vary depending on the size of each band or who is interpreting the chart.
It’s worth noting that the purple band of the BTC Rainbow Chart V1 was added at a later stage because the previous model failed when the BTC price dropped below the lowest band.
Benefits of the Bitcoin Rainbow Chart
The Bitcoin Rainbow Chart offers several advantages for cryptocurrency traders looking to optimize their trading strategies:
It provides a straightforward visual representation of historical price movements and market sentiment.
It can help investors understand bitcoin’s long-term price action.
The color bands can offer some guidance on potential buying, holding, and selling opportunities.
Limitations of the Bitcoin Rainbow Chart
While the Bitcoin Rainbow Chart is a valuable tool for visualizing long-term market trends, it has several limitations that traders should consider:
It heavily relies on historical data and does not account for recent events or developments in the crypto market.
The number of bands, colors, and other parameters are subjective, potentially leading to different results and conclusions.
Are There Any Other Crypto Rainbow Charts?
While the Bitcoin Rainbow Chart remains the most well-known Rainbow Chart, the concept has also been adapted for Ethereum. Similar to the Bitcoin Rainbow Chart, the Ethereum Rainbow Chart applies colored bands to Ethereum's price history.
Closing Thoughts
The Bitcoin Rainbow Chart is a tool that helps visualize Bitcoin’s historical price action and market sentiment. Investors can use the Bitcoin Rainbow Chart to identify potential buying, holding, or selling opportunities. However, it is important to combine it with other indicators to mitigate risks and increase your chances of success.
Further Reading
5 Essential Indicators Used in Technical Analysis
An Overview of Bitcoin's Price History
What Is the Crypto Fear and Greed Index?
A Beginner's Guide to Candlestick Charts
Disclaimer: This content is presented to you on an “as is” basis for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Where the article is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Binance Academy. Please read our full disclaimer here for further details. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance Academy is not liable for any losses you may incur. This material should not be construed as financial, legal or other professional advice. For more information, see our Terms of Use and Risk Warning.
The Bitcoin Rainbow Chart is a charting tool that can indicate whether bitcoin (BTC) is undervalued, fairly valued, or overvalued based on its historical prices.
It consists of a series of colored bands that represent various price ranges. The position of the price within the color bands can provide insights into market sentiment and potential long-term moves.
The BTC Rainbow Chart was created as a meme in 2014 by adding colors to a log scale chart. The formula was changed in 2019, giving birth to the Bitcoin Rainbow Chart V2.
The accuracy of the Bitcoin Rainbow Chart remains a topic of debate due to its heavy reliance on historical data and subjective parameters.
What Is the BTC Rainbow Chart?
The Bitcoin Rainbow Chart is a technical analysis tool used to track the performance of bitcoin (BTC). The Rainbow Chart uses a series of colored bands that can indicate different phases of market sentiment, suggesting whether bitcoin is undervalued, fairly valued, or overvalued.
How Was the Bitcoin Rainbow Chart Created?
The first Bitcoin Rainbow Chart was created in 2014 by a Reddit user named “azop”, who designed it as a fun way to depict bitcoin’s price history. At the time, the BTC Rainbow Chart didn’t have a bow. It was simply made of straight-line colored bands on a log scale chart.
In 2019, Bitcoin user Rohmeo changed the formula to create the Bitcoin Rainbow Chart V2, which has a bow and uses a more scientific way to model prices. The new formula was inspired by a logarithmic regression chart created by BitcoinTalk user “trolololo” back in 2014.
How to Use the Bitcoin Rainbow Chart
Both V1 and V2 versions of the BTC Rainbow Chart are available at Rohmeo’s website, BlockchainCenter. While there is no guarantee that the rainbow chart model will succeed in the long term, it’s still worth learning how to use it.
1. Identify the current price band.
Start by identifying the price band where the BTC price is. You can do this by zooming in on the most recent price action and hovering your cursor over the price line.
2. Interpret the band color.
Once you have identified the current price band, you can use the suggested color scheme to interpret what it means.
According to the model, the bottom colors suggest potential oversold conditions, while the top colors suggest an overbought market. From bottom to top:
Dark Blue (“Basically a Fire Sale”): extremely undervalued.
Cyan ("BUY!"): highly undervalued.
Green ("Accumulate"): undervalued.
Light Green ("Still cheap"): somewhat undervalued.
Yellow ("HODL!"): fairly valued.
Orange ("Is this a bubble?"): may be overvalued.
Light Red ("FOMO intensifies"): probably overvalued.
Red ("Sell. Seriously, SELL!"): highly overvalued.
Dark Red (“Maximum Bubble Territory”): extremely overvalued.
3. Consider historical context.
Consider looking at the historical price action within different color bands. Notice the patterns and trends that emerge when bitcoin’s price has previously been in a similar band. For example, when BTC entered the "Dark Blue" band in the past, what followed? Did the price typically rise shortly after, or was there sideways price action?
4. Combine with other indicators.
While the Bitcoin Rainbow Chart can be an interesting tool for understanding market sentiment, it should be used alongside other strategies and indicators to mitigate risks. Here are some additional tools to consider:
Trading volume: Examine bitcoin's trading volume to understand market activity. For instance, high trading volume often signals strong market interest.
Technical analysis indicators: Consider other TA tools, such as moving averages, the Relative Strength Index (RSI), and the Moving Average Convergence Divergence (MACD), to identify trends and potential reversal points.
Macroeconomics: Consider the current macroeconomic scenario before taking financial risk. How high or low are interest rates? What about inflation and global liquidity? These questions can help you understand the big picture and assess if investors are more risk-on or risk-off.
Does the Bitcoin Rainbow Chart Work?
The accuracy of the Bitcoin Rainbow Chart is a topic of debate among investors and analysts. Here are several points to consider when assessing its accuracy:
Historical basis
The Bitcoin Rainbow Chart is based on historical data, using past price movements to create a visual representation of market sentiment. This can provide valuable context and insights into how bitcoin's price has behaved. However, the reliance on historical data means that the chart may not fully account for new developments in the crypto market.
Logarithmic regression
The Rainbow Chart uses logarithmic regression to smooth out bitcoin’s volatility and create a more stable trend line. This helps illustrate long-term trends and potential price ranges, but it is not infallible. The assumptions made when creating the regression line can affect its predictive power.
The subjectivity of color bands
The color bands in the Bitcoin Rainbow Chart are subjectively determined. The definitions of “undervalued,” “fairly valued,” or “overvalued” are not fixed and can vary depending on the size of each band or who is interpreting the chart.
It’s worth noting that the purple band of the BTC Rainbow Chart V1 was added at a later stage because the previous model failed when the BTC price dropped below the lowest band.
Benefits of the Bitcoin Rainbow Chart
The Bitcoin Rainbow Chart offers several advantages for cryptocurrency traders looking to optimize their trading strategies:
It provides a straightforward visual representation of historical price movements and market sentiment.
It can help investors understand bitcoin’s long-term price action.
The color bands can offer some guidance on potential buying, holding, and selling opportunities.
Limitations of the Bitcoin Rainbow Chart
While the Bitcoin Rainbow Chart is a valuable tool for visualizing long-term market trends, it has several limitations that traders should consider:
It heavily relies on historical data and does not account for recent events or developments in the crypto market.
The number of bands, colors, and other parameters are subjective, potentially leading to different results and conclusions.
Are There Any Other Crypto Rainbow Charts?
While the Bitcoin Rainbow Chart remains the most well-known Rainbow Chart, the concept has also been adapted for Ethereum. Similar to the Bitcoin Rainbow Chart, the Ethereum Rainbow Chart applies colored bands to Ethereum's price history.
Closing Thoughts
The Bitcoin Rainbow Chart is a tool that helps visualize Bitcoin’s historical price action and market sentiment. Investors can use the Bitcoin Rainbow Chart to identify potential buying, holding, or selling opportunities. However, it is important to combine it with other indicators to mitigate risks and increase your chances of success.
Further Reading
5 Essential Indicators Used in Technical Analysis
An Overview of Bitcoin's Price History
What Is the Crypto Fear and Greed Index?
A Beginner's Guide to Candlestick Charts
Disclaimer: This content is presented to you on an “as is” basis for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Where the article is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Binance Academy. Please read our full disclaimer here for further details. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance Academy is not liable for any losses you may incur. This material should not be construed as financial, legal or other professional advice. For more information, see our Terms of Use and Risk Warning.
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