There is no guarantee that past performance fit within the rainbow channel will continue to play out in the future. It is for educational and entertainment purposes only. Therefore highlighting potential opportunities to buy or sell.Īs with all the charts on this website, the Rainbow chart is not investment advice. It overlays rainbow color bands on top of the logarithmic growth curve channel in an attempt to highlight market sentiment at each rainbow color stage as price moves through it. It uses a logarithmic growth curve to forecast the potential future price direction of Bitcoin. The Rainbow Chart is a long-term valuation tool for Bitcoin. What Is The Bitcoin Rainbow Chart Indicator?