Why did the rainbow chart fail?
>New paradigm>Trust the plan>PLANB!>stockToFlow!>It's the business cycle!>4 year cycle is broken!>Jackson Hole!>CME GAP!
>>61257365Because it was made by retarded faggots. Anyone using log charts is a dishonest shill who needs to hang.
>>61257365The raimbow chart predicts 1 million BTC by 2028, it's just a bit ambitious.
>>61257365this nigger redrew the rainbow three times already
>>61257429This. And the StF chart was drawn 5 times.
>>61257365Because if you could genuinely make a perfectly charted future prediction of a financial asset, literally any financial asset, you could generate effectively infinite money.Even if you had an asset where your chart did predict its future at one point, simply by people following that chart (buying when it starts going down) they would immediately invalidate it because they would change the price action.Also the entire premise behind the rainbow chart and the "bitcoin cycle" is that the past will just repeat itself for no real reason, it happened before so it MUST happen again, pretty shoddy logic if you ask me.
>>61257365
>>61257365It was homosexual
i personally blame czuntill he is murdered by a saudi prince i will blame him then i will blame any glowies for his death as a cover upBOYCOTT FUCKING BINANCE CHINESE GOVERMENT EXCHANGE SHOULD HAVE NEVER BEEN PARDONED
>>61257365because nobody can predict the future, you dumb retarded cunt
>>61258318>Also the entire premise behind the rainbow chart and the "bitcoin cycle" is that the past will just repeat itself for no real reason, it happened before so it MUST happen again, pretty shoddy logic if you ask me.this... and when i told people this years ago they all said i was nuts
>>61257365>failit didn't though? it's still in the rainbow. bitcoin would have to fuck off to like 40k to invalidate it.
>>61257365It was hopium all along. Designed to pull in more baggies so the big dogs could get more exit liquidity.
>>61257365Just edit the rainbow again so it fits.
>>61257365just needs redrawn, it's obvious btc is flattening out and not going to go to 1 mill or infinity or whatever else retards are predictingbest case scenario from here on out is it keeps up with gold, it most likely won't even do that long term
Rainbows arent shaped like that
>>61257365Past results doesn't predict future outcomes.Glad I could clear things up for you.
>>61257365Hahahaha rainbow charts are for fags!Get ready to ride this bitch down to 2?KNo support insight. Learn to read a chart poor fags!!!Reeeeeeeeeee for me!
