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BTC Rainbow Chart

Has anyone come across this chart before? I've just seen it for the first time on JRNY Crypto Youtube channel & I must say it's quite interesting.

https://www.blockchaincenter.net/bitcoin-rainbow-chart/

What are your thoughts on this? We haven't hit the dark orange or red yet this cycle.
It's basically the same as this: https://www.lookintobitcoin.com/charts/b...wth-curve/

But with colors so even stupid people can read it lol

On the one hand I find it quite interesting, on the other hand with so few datapoints testing the limits it's hard to say anything about its prediction power.
Pigeon Chess

“What is infinite? The universe and the greed of men.”


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