Bitcoin Forum

The Rainbow Chart is meant to be be a fun way of looking at long term price movements, disregarding the daily volatility “noise”. The color bands follow a logarithmic regression (introduced by  Trolololo  (https://bitcointalk.org/index.php?topic=831547.0) in 2014), but are otherwise completely arbitrary and without any scientific basis.
According to the Bitcoin rainbow chart, we can see that we are now just in the first phase of the bull trend, very similar to the 2013's bull trend. I suppose the BTC will be in a slow increase/sideway for few months before the real bull run begin in August or September.

https://i.ibb.co/vsdDsCZ/Screenshot-6.png (https://ibb.co/CJ9WJph)

I've seen this before, yes and it does look very strong to form a bullish trend, but this view is for the long term,
and we know the long term is something boring if you buy Bitcoin above $ 60k of course it will make you wait a long time to be able to get profit

History doesn't have to repeat itself with Bitcoin. There were differences between the 2013 bull run and the 2017 one, and this can also be different from both of them. It very easily could have ended already, and just as easily could reignite and reach new heights. There are no rules in Bitcoin short-term price, except maybe that a bull run comes a year or so after a halvening.

The Bitcoin Rainbow chart is nice but it really is speculation, anything can happen.

Look at April, historically April was the strongest month for the Bitcoin price, but 2021 was
different.

@hotpassion you are right in the point that what we have now is short term "noise",
its the long term that counts so that chart should hold true

This volatility is a huge part of the unique characteristics that makes Bitcoin one of the truly exciting new technologies. One of the main claims that crypto enthusiasts make is that the long term should be that adoption is going to increase dramatically in the coming years and that, as such, the value of Bitcoin will increase substantially. Therefore, by holding some amount of bitcoins, it is a guaranteed steady investment that is as safe as it gets and there is no inflation risk involved.

History need not repeat itself with anything. Humans, when we look at the past, see patterns or regularities and in some cases assume that the future will be similar. In the case of Bitcoin, most models predict a similar behaviour in each cycle (from halving to halving) when this does not have to be the case.

This is just a corrective phase that's happening. We've seen the last correction before a major move. We are still going to see a move higher of $50,000 and possibly $75,000.

I love TA that is completely arbitrary and without any scientific basis =) They're much more fun anyway.

I have to point out, though, that a rainbow looks like this (from wiki):
https://i.ibb.co/N6r8YSd/image.png (https://imgbb.com/)

So if this arbitrary chart proves to be correct, none of us posting in this thread will be as pleased as the guy in the picture in around 25-30 years (if the top of that rainbow happens within 5 years?). I would be, quite literally, in tears, actually.

I don't know if I should be happy about this because there are two depictions of rainbow which is the elementary drawings and the true structure of rainbow, meaning that bitcoin could either totally collapse in the long-term or it will go up ad infinitum.

Like what others saying winter is coming so perhaps there is  potential to make good improvement before the real next bull run happen. Indeed it has the same pattern again like what happened before so this a good sign. But for now let's wait for more confirmation or results if it really gonna break out again and has a possibility to rocketed back to the current ath as it keeps showing like this..

How about those ones?

• It takes time for the market to stabilize, gets rid of over fear, moves side-ways, re-accumulate enough before the next take off.
• It seems to be a good time and good price range to accumulate Bitcoin, according to the chart's author

there have been many who have provided analysis about Bitcoin, on forums and on telegrams as well,
all argue that this is not the end of bullishness, and this is the beginning of bullishness,
if according to the chart bitcoin must be above the price of $ 30k to continue bullish, yes hope,
but if not then all people's speculation will end, but I still believe that Bitcoin will fly again.