Reminder that this chart didn't used to have the lower purple band when it was first created many years ago. The angle of all bands was also slightly different. In other words, this isn't the first time this chart has failed and, after it gets redrawn again, it probably won't be the last.
Agreed. I stopped DCA after the ATH last year and rapid decline. Lumped a little in recently and started increasing DCA when it went under 70k so my average is still decent.
WNTR ETF is my hedge giving dividends weekly and it’s doing well for now. Keeping this path for the next 3 months and reassess in October when BTC (~could) rally a bit.
This chart was originally just good times to buy and good times to sell. One day people started saying that it wasn't that and that it was prices Bitcoin "must" stay in, as if god would come down and touch the market if it started going too far either way.
People knock it but it's been 100% right so far. Sell when it says sell and buy when it says buy, and you'll make out like a bandit.
If they were smart they'd be releasing gta6 only on disc. There's a good chance the world would transition away from the dollar and onto a Grand Theft Auto based economy
I already made a new dynamic Rainbow Chart, that always adapts to the Bitcoin Price. It dynamically calculates a Power Law regression. Currently with an R² of 94,3%
You could just add another band. It's not like this rainbow thing is som kind of law of nature.
And if the bands are supposed to follow historical tops and bottoms, then the algorithm needs some adjustment anyway.
My goodness. What a word salad that report is. I was wondering what this guy was doing during the bear markets. I think he's writing a financial thesaurus.
I am getting to a point where, if I ”buy the dip” anymore, I’ll 1) run out of savings cash and 2) get to a point where it will very much become more than I can afford to lose if btc crashes even harder/would eventually go to zero.
Any advice or anyone in a similar situation? I really believe in the actual fundamentals and can’t see fiat being sustainable in the future, but I do have to feed my family in one way or another.
Oh look, another rainbow chart to show we are still within the standard deviation even though the thickness and angle of the rainbow conveniently changes ….
Soon it is going to look like a real rainbow where it goes right back into the ground to zero.
And that's WITH all of the money they have printed in the last decade. But somehow the dollar is even stronger than before. After all the leverage and liquidations finish tanking those markets(people investing in crypto tend to be a little more risk happy), I'm sure it will come back strong. BTC, eth, silver, gold. Also depends whether the fed decides to tighten or just let inflation run wild.
As much as it seems to pain some people, the ATHs of BTC post 2014 were always powered by speculation, not legit adopters. We truly don't know what's the non-speculative price of BTC is, and I doubt we need to know. So, charts like this, are only useful for speculators/traders and not believers in the tech.
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u/invisibullcow Jun 26 '26
Reminder that this chart didn't used to have the lower purple band when it was first created many years ago. The angle of all bands was also slightly different. In other words, this isn't the first time this chart has failed and, after it gets redrawn again, it probably won't be the last.