BTC and ETH Rainbow Indicator

Is there a pot of gold at the end of a rainbow? I doubt anybody has found one. But I found a rainbow that might give us a clue on how to stack up on digital gold.

Below is the Bitcoin Rainbow price chart from Blockcenter.net. It gives a clue when BTC has reached its peak price and when it has bottomed. At the time of writing, it is in the accumulation phase and I have already bought at this level.

There is still a chance that it will go down further so I have reserved some stable coins as a contingency. If and when it reaches the buy and fire sale level, I'll surely hoard like a leprechaun smitten with digital glitter.

Of course, this is just one of many indicators that can help us accumulate crypto and it is best used in conjunction with technical analysis and trading fundamentals. As always, this is not financial advice, and do your own research.

P.S.

There also is an Ethereum rainbow chart here.