The Rainbow guidelines go all the way back to 2013. Since then the Channels seem pretty straight to me.
I did a best fit of 2017 and 2013 to see what tops could look like, and the range between them. I noticed that the peaks may be moving towards the middle between halving's. This is different them lengthening cycles, more like averaging cycles. Bitcoin could...
🌈 I dont think we will see diminishing returns, at least in dollar value. Fiat is printing exponentially. Accumulation has not dropped at all, peaks still line up, if not MORE bullish because of stimulus no doubt. If its lower and longer then target but growing i will expect a supercycle instead. INDEX:BTCUSD
🦬 This bull i expect no less then 160k, and no...
I set up this channel near the latest low. I copied the previous cycle and scaled it to coincide with some targets it estimated from bandbtc (if btc where to stay sideways at 20k). Its been very accurate so I thought this as my first idea. Posted my buy and sell targets.
If btc climes i estimate band will break lower then my model and then eventually go much higher.
