Cross chain bridge development
The Rainbow chart is the tool is which the evolution of the price of bitcoin (BTC) is observed in the form of a logarithm, making use of the colors of the rainbow to make it more attractive in the eyes of the investor, making it easier to observe long-term BTC price movements.
It was developed based on a blog of a young man named TROLOLOLO in 2014, in this graph there are points of information regarding the sales and purchase values of bitcoin.
On the other hand, the graph reflects a lot of important data such as the reduction in the annual growth rate of BTC and the possible prices based on this calculation, Cross chain bridge development it does not mean that this is good or bad; it is just the point of view of the creator of the rainbow chart.
Each color band has a name that is unique and even funny, but there is something valuable behind the seemingly flippant and entertaining way of this chart.
Some of the band names are Top Bubble Territory, SELL, Seriously SELL!, SAVE!, Still Cheap, Buy, Accumulate, among others.
The objective of this graph is to represent for Bitcoin users and investors in an entertaining way, the most crucial movements that the leading cryptocurrency in the market can develop.
Where from red to blue indicates a number of stages that can be considered diagnoses prior to a significant investment by users.
They are tools that arise from such an active and innovative market.
Can the rainbow be an investment method?
It is important to know that this graph is not an investment method, it is only informative, in order to observe how the BTC market behaves. This chart is among the top 5 bullish charts for Bitcoin according to Coin telegraph.
It can be seen that the graph increasingly indicates that the percentage of annual growth is greater and the more time passes, the more the price of BTC will stabilize, avoiding its long-term volatility.
It is assumed that according to THIS GRAPH, from 2019-2020 the BTC should have reached a price according to its logarithmic curve of about USD 41,000/BTC, while between 2020-2021 at about USD 74,000/BTC.
At the end of 2021, he estimated a price that would reach USD 127,000/BTC, as we can understand, the BTC prices in this graph will always oscillate above or below the logarithmic curve.
Most of the time when bitcoin's block production drawdown happens, every four years or so, just a few months before this happens, it's a great time to buy BTC and this chart predicts it and tells us says in AN INFORMATIVE WAY.
It is important that when starting to make investments in BTC and being able to save and invest more money, we must learn to read the TRADING charts, managing to make an excellent technical analysis of the operations in a given period.
This type of chart and others can be found in a variety of software that in many cases are free and easily found on the internet, the three best platforms according to "TRADING GUIDE" are the following:
Trading view
crypto trader
Coin market cap
On these platforms you can see several graphs simultaneously, and also, if you like, you can display the information in addition to the graphs.