If you bought crypto on the day the Rainbow Chart died and was replaced, you would have nailed the November 2022 bottom perfectly

The Bitcoin Rainbow Chart is one of the most famous charts in crypto. It uses a simple logarithmic growth curve to forecast the potential future price direction of Bitcoin. The original chart was made in 2014 and adjusted once in 2014. Since then, the 'Basically a Fire Sale' blue band held and marked the bottom in 2015, 2016, 2019, 2020.

The 2022 bear market broke the chart as the price dropped below the Basically a Fire Sale blue band during the FTX capitulation event. See here what happened:

https://preview.redd.it/x0kg6j9dg1wa1.png?1566&format=png&auto=webp&s=4d3990f4aa381ab4b6dbf7e91d599d282b2015bc

Because the price broke through the floor of the Bitcoin Rainbow Chart, the creator of the Bitcoin Rainbow Chart retired the chart and made version 2. This second version was published on November 21 2022, which was the exact day of the bottom last year. The chart below shows that, with the day highlighted by a purple arrow.

The day the Bitcoin Rainbow Chart died highlighted by a purple arrow

So, all the bottom indicators failed to identify the November 2022 bottom, except for this one. All we had to do was buy when the Bitcoin Rainbow Price Chart got retired. Then we would have experienced the full 100% rally off the low to above $30K.

Now can I request that it is time to sell when the Rainbow Chart breaks to the upside? Thanks in advance.