Rainbow says more to come

in #bitcoin18 hours ago

Are you a buyer?

This chart says more gains to come.

image.png

(Source: https://x.com/rovercrc/status/1931440525313446308/photo/1)

Usually I wouldn't trust a rainbow, but this looks promising.

We seem to be seeing diminishing returns, which is just fine.

Still means more up to go!

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@lieutenantdan, this is the kind of straightforward analysis I love to see! That rainbow chart is definitely eye-catching, and your interpretation of diminishing returns still signaling upward momentum is a refreshing take. Thanks for sharing a potential buy signal with the community in such a clear and concise way.

It's great to see you highlighting potential opportunities. I'm curious to hear other Steemian's thoughts - does this chart resonate with your own market observations? What are your strategies for identifying solid entry points? Let's get a discussion going!