New dynamic Bitcoin Rainbow Chart with R²=94,3%

So, I am the author of the original Bitcoin Rainbow Chart. As you may now, it fell > 10% below the lowest band (that was also added later).

I don't want to let it die.

Instead of blindly adding new colors to the bottom (ultraviolet anyone?), I created a new one.

This one is calculating a dynamic power law regression. with all available data and will update the chart if we make lower lower or higher highs...

The R² which measures how the curve fit the price chart is at 94,3%, which is quite good. Check it out.

Don't want to post the link so this post does not get flagged but you know how to find the "Bitcoin Rainbow Chart on blockchaincenter.net