the rainbow chart features several color bands each indicating different levels of excitement or caution in the market for example if the price is in the blue or dark green bands called the fire sale or accumulate zones Bitcoin might be undervalued it's like the market is fearful and Savvy investors might see this as a buying opportunity in the middle we have green to light orange bands with labels like still cheap or hodle this means bitcoin's price is more stable and the market sentiment is generally neutral holding on to your investment might be the smartest move here finally we reach the orange to Red bands with names like fomo or even sell seriously sell when Bitcoin reaches these levels it might be overvalued and we often see Market hype and frenzy in this case selling could be a wise choice or at least it's time to be cautious
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