Crypto analyst Eric Wall has told his followers that investors have just missed out on the Bitcoin fire sale.
The logarithmic price chart measures Bitcoin price action against a rainbow, with each color corresponding to an action which investors should take.
“You just missed the fire sale, anon.”While Wall may strongly advocate for the rainbow chart, his posts on the topic should be taken with a grain or more of salt.
As BlockchainCenter themselves point out, the rainbow chart is merely a fun way of examining Bitcoin price action and is not to be taken as serious investment advice.
The rainbow price chart may remain unbroken for now, but no chart or prediction model can replace critical thought.
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