I mean, its a little low, but not that bad at all, each halving cycle, it reaches its lowest point around there.
I just don't want to support it because it causes false confidence. "All your models are destroyed" is the phrase. Also, there will be a halving cycle where the cycle stops and no bear market occurs. Supercycle. I don't want anyone to have sold because of a color of the rainbow.
I mean, its a little low, but not that bad at all, each halving cycle, it reaches its lowest point around there.
I just don't want to support it because it causes false confidence. "All your models are destroyed" is the phrase. Also, there will be a halving cycle where the cycle stops and no bear market occurs. Supercycle. I don't want anyone to have sold because of a color of the rainbow.
Seems like this one has replaced the s2f model as it broke for people to feel more positive during the bear market
Bitcoin isn’t far off dead 😵 good time to buy according to the rainbow 🌈 chart 📈
What if it goes out of the rainbow blue area? Then it's an "extreme fire sale"?
Also, one could argue this chart is also already invalidated because the trend reversed while "FOMO intensifies".
It’s a sky is falling end of the world sale