BTC price and the rainbow chart analysis

So, I think the rainbow chart got a revamp after BTC dropped past the lowest blue band during the FTX chaos, right? The guy behind that site added a new layer at the bottom and switched up a bunch of charts too. Honestly, it showed that BTC’s price just wasn’t aligning with the targets these charts hinted at. And now, it seems the price is off track again... Anyone else notice how these updates don’t seem to help predict where things are going?

totally, that rainbow chart is wild now. feels like it's trying to keep up with all this chaos.

new layer or not, it still feels like a guessing game to me. charts can only do so much.

I mean... I get the update but isn’t it just more noise? BTC is still unpredictable regardless.

the new charts might help some people, but imho, they can’t change the market's madness.

it’s all about perspective. some see it as a buying opportunity, others just see red.