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The original rainbow chart was designed to estimate Bitcoin's long-term price trend using a logarithmic regression model. The equation for this model is: 10^(3.109106 * ln((number of weeks since 2009 Jan 09)/weeks) - 8.164198)

What Is The Bitcoin Rainbow Chart Indicator? The Rainbow Chart is a long-term valuation tool for Bitcoin. It uses a logarithmic growth curve to forecast the potential future price direction of Bitcoin.

The Bitcoin Rainbow Chart is a long-term valuation tool for Bitcoin, employing a logarithmic growth curve to forecast potential future price directions. This chart overlays rainbow-colored bands on the logarithmic curve, each color indicating different market sentiments.

The Rainbow Chart is a long-term valuation tool for Bitcoin. It uses a logarithmic growth curve to forecast the potential future price direction of Bitcoin. It overlays rainbow color bands on top of the logarithmic growth curve channel in an attempt to highlight market sentiment at each rainbow color stage as price moves through it.

The Bitcoin Rainbow Chart is a visual tool that uses a color-coded logarithmic regression to track Bitcoin's historical price data and predict future trends. Each color represents a different price range, from red (possible bubble) to blue (potential buying opportunity).

Explore the logarithmic Bitcoin Rainbow Chart for long-term crypto predictions. Spot investment opportunities based on color bands and learn about Bitcoin halving's impact.

The rainbow chart can help traders ignore the daily volatility, and view Bitcoin in the grander scheme of things. Moreover, users can derive different insights from the chart, but the biggest takeaway from the rainbow chart can be found in the name: the rainbow.

Nov 19, 2023 · What is the Bitcoin Rainbow Chart? The Bitcoin Rainbow Chart is a unique way for analysts to visualize Bitcoin’s price movements over the years. Rather than using a standard linear price scale, the chart maps Bitcoin’s value on a logarithmic scale divided into colored sections. Each color represents a different percentage gain for Bitcoin.

4 days ago · The Rainbow Chart is a long-term valuation tool for Bitcoin. It uses a logarithmic growth curve to forecast the potential future price direction of Bitcoin. It overlays rainbow color bands on top of the logarithmic growth curve channel in an attempt to highlight market sentiment at each rainbow color stage as price moves through it.