{"id":420991,"date":"2020-04-16T20:00:03","date_gmt":"2020-04-16T20:00:03","guid":{"rendered":"https:\/\/ktsl888.com\/?p=420991"},"modified":"2024-06-11T13:47:36","modified_gmt":"2024-06-11T13:47:36","slug":"s2f-alternative-bitcoin-rainbow-chart-says-btc-is-currently-on-fire-sale","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/s2f-alternative-bitcoin-rainbow-chart-says-btc-is-currently-on-fire-sale\/","title":{"rendered":"S2F Alternative Bitcoin Rainbow Chart Says BTC Is Currently on &#8220;Fire Sale&#8221;"},"content":{"rendered":"<p>The highly cited stock-to-flow model, designed to assign a theoretical value to <a href=\"\/tag\/bitcoin\" rel=\"nofollow\">Bitcoin<\/a> based on the asset&#8217;s hard-coded digital scarcity, may not be mathematically sound, according to the CIO of Arcane Assets, Eric Wall.<\/p>\n<p>Wall not only claims the <a href=\"https:\/\/ktsl888.com\/2020\/04\/14\/bitcoin-shows-ideal-set-up-for-epic-rally-stock-to-flow-and-oversold-rsi\/\">S2F model<\/a> is flawed, but has offered up an alternative, dubbed the Reddit Rainbow chart, that could potentially provide a far better model for predicting Bitcoin&#8217;s price trajectory.<\/p>\n<h2>Arcane Assets CIO Claims Stock-to-Flow Model Is Flawed, Math Invalidated<\/h2>\n<p>With the Bitcoin halving less than one month away, hope that the event produces bullish results has almost entirely faded from the cryptocurrency market, due to the impact the coronavirus has had on the economy, the stock market, and nearly everything else it touches.<\/p>\n<p>As the pandemic outbreak spiraled out of control, it prompted a mass sell-off that caused a record-breaking drop in <a href=\"\/tag\/bitcoin\" rel=\"nofollow\">Bitcoin<\/a> and other cryptocurrencies.<\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/ktsl888.com\/2020\/04\/14\/bitcoin-shows-ideal-set-up-for-epic-rally-stock-to-flow-and-oversold-rsi\/\">Bitcoin Shows Ideal Set Up For Epic Rally: Stock-to-Flow and Oversold RSI\u00a0<\/a><\/strong><\/em><\/p>\n<p>The collapse broke down a seven-year trend line, crushed the logarithmic growth curve, and smashed just about every valuation model imaginable. It also made the stock-to-flow model predicting a $55,000 Bitcoin in May 2020 &#8211; less than 30 days away &#8211; seem rather unrealistic.<\/p>\n<p>The model&#8217;s creator, PlanB, based it on statistics from BTConometrics.com, however, the mathematics behind the stats have since been abandoned by the author and are considered invalid.<\/p>\n<p>The author&#8217;s new price model puts <a href=\"\/tag\/bitcoin\" rel=\"nofollow\">Bitcoin<\/a> somewhere near $30,000 in 2021, lowered from the initial $80,000 SF2 estimate.<\/p>\n<p>The CIO of Arcane Assets, Eric Wall, also <a href=\"https:\/\/twitter.com\/ercwl\/status\/74917376\" target=\"_blank\" rel=\"noopener nofollow\">claims<\/a> that the S2F values often fluctuate.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-421037\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/04\/EVkntfFXQAIY6zZ.jpg?resize=860%2C445\" alt=\"bitcoin reddit rainbow chart\" width=\"860\" height=\"445\"><\/p>\n<h6 style=\"text-align: center\"><em><strong>Source: <a href=\"https:\/\/www.blockchaincenter.net\/bitcoin-rainbow-chart\/\" target=\"_blank\" rel=\"noopener nofollow\">BlockchainCenter.net<\/a><\/strong><\/em><\/h6>\n<h2>Enter the Bitcoin Reddit Rainbow Chart, Following Price Action Since 2014<\/h2>\n<p>Instead, Wall offers up an alternative model to replace the S2F model so heavily cited across the crypto space. The replacement, in his opinion, should be the <a href=\"\/tag\/bitcoin\" rel=\"nofollow\">Bitcoin<\/a> &#8220;Rainbow Chart&#8221; from Reddit.<\/p>\n<p>The chart dates back to 2014, making the chart&#8217;s creator \u2013 <a href=\"https:\/\/www.reddit.com\/user\/azop\" rel=\"nofollow\">Reddit users \/u\/azop<\/a> \u2013\u00a0 a &#8220;real OG&#8221; in the Bitcoin community. azop had been posting the chart in the \/r\/BitcoinMarkets subreddit since then, updating the chart every so often simply to benefit the Bitcoin community, receiving no payment or incentive otherwise for keeping the chart active.<\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/ktsl888.com\/2020\/04\/11\/crypto-cycle-data-shows-bitcoin-on-pace-with-post-halving-bull-market\/\">Crypto Market Cycle: Data Shows Bitcoin On Pace For Post-Halving Bull Run\u00a0<\/a><\/strong><\/em><\/p>\n<p>Wall says the Rainbow chart &#8220;just is,&#8221; and uses the &#8220;simplest approach&#8221; of seemingly following Bitcoin&#8217;s price trajectory over the course of its history.<\/p>\n<p>Oftentimes, less is more, and the Reddit Rainbow chart thus far has held up to recent price action, and even was among the models and chart types that the latest collapse to below $4,000 fit within, without breaking it.<\/p>\n<p>The next time you see the stock-to-flow model and wonder why <a href=\"\/tag\/bitcoin\" rel=\"nofollow\">Bitcoin<\/a> price isn&#8217;t respecting its scarcity-based valuations, it might be time to start looking somewhere over the rainbow.<\/p>\n<pre>Featured image from Pixabay<\/pre>\n","protected":false},"excerpt":{"rendered":"<p>The highly cited stock-to-flow model, designed to assign a theoretical value to Bitcoin based on the asset&#8217;s hard-coded digital scarcity, may not be mathematically sound, according to the CIO of Arcane Assets, Eric Wall. Wall not only claims the S2F model is flawed, but has offered up an alternative, dubbed the Reddit Rainbow chart, that could potentially provide a far better model for predicting Bitcoin&#8217;s price trajectory. Arcane Assets CIO Claims Stock-to-Flow Model Is Flawed, Math Invalidated With the Bitcoin halving less than one month away, hope that the event produces bullish results has almost entirely faded from the cryptocurrency market, due to the impact the coronavirus has had on the economy, the stock market, and nearly everything else it touches. As the pandemic outbreak spiraled out of control, it prompted a mass sell-off that caused a record-breaking drop in Bitcoin and other cryptocurrencies. Related Reading | Bitcoin Shows Ideal Set Up For Epic Rally: Stock-to-Flow and Oversold RSI\u00a0 The collapse broke down a seven-year trend line, crushed the logarithmic growth curve, and smashed just about every valuation model imaginable. It also made the stock-to-flow model predicting a $55,000 Bitcoin in May 2020 &#8211; less than 30 days away &#8211; seem rather unrealistic. The model&#8217;s creator, PlanB, based it on statistics from BTConometrics.com, however, the mathematics behind the stats have since been abandoned by the author and are considered invalid. The author&#8217;s new price model puts Bitcoin somewhere near $30,000 in 2021, lowered from the initial $80,000 SF2 estimate. The CIO of Arcane Assets, Eric Wall, also claims that the S2F values often fluctuate. Source: BlockchainCenter.net Enter the Bitcoin Reddit Rainbow Chart, Following Price Action Since 2014 Instead, Wall offers up an alternative model to replace the S2F model so heavily cited across the crypto space. The replacement, in his opinion, should be the Bitcoin &#8220;Rainbow Chart&#8221; from Reddit. The chart dates back to 2014, making the chart&#8217;s creator \u2013 Reddit users \/u\/azop \u2013\u00a0 a &#8220;real OG&#8221; in the Bitcoin community. azop had been posting the chart in the \/r\/BitcoinMarkets subreddit since then, updating the chart every so often simply to benefit the Bitcoin community, receiving no payment or incentive otherwise for keeping the chart active. Related Reading | Crypto Market Cycle: Data Shows Bitcoin On Pace For Post-Halving Bull Run\u00a0 Wall says the Rainbow chart &#8220;just is,&#8221; and uses the &#8220;simplest approach&#8221; of seemingly following Bitcoin&#8217;s price trajectory over the course of its history. Oftentimes, less is more, and the Reddit Rainbow chart thus far has held up to recent price action, and even was among the models and chart types that the latest collapse to below $4,000 fit within, without breaking it. The next time you see the stock-to-flow model and wonder why Bitcoin price isn&#8217;t respecting its scarcity-based valuations, it might be time to start looking somewhere over the rainbow. Featured image from Pixabay<\/p>\n","protected":false},"author":517,"featured_media":420999,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651,3],"tags":[428,1144,6664,76372,3621],"class_list":["post-420991","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-news","tag-bitcoin","tag-btcusd","tag-crypto","tag-rainbow-chart","tag-reddit"],"acf":[],"yoast_head":"\n<title>S2F Alternative Bitcoin Rainbow Chart Says BTC Is Currently on &quot;Fire Sale&quot;<\/title>\n<meta name=\"description\" content=\"The highly cited stock-to-flow model, designed to assign a theoretical value to Bitcoin based on the asset&#039;s hard-coded digital scarcity, may not be\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ktsl888.com\/news\/s2f-alternative-bitcoin-rainbow-chart-says-btc-is-currently-on-fire-sale\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"S2F Alternative Bitcoin Rainbow Chart Says BTC Is Currently on &quot;Fire Sale&quot;\" \/>\n<meta property=\"og:description\" content=\"The highly cited stock-to-flow model, designed to assign a theoretical value to Bitcoin based on the asset&#039;s hard-coded digital scarcity, may not be\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ktsl888.com\/news\/s2f-alternative-bitcoin-rainbow-chart-says-btc-is-currently-on-fire-sale\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2020-04-16T20:00:03+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T13:47:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/04\/bitcoin-rainbow-btc-photo-80-c90485a4f274.jpeg?fit=1353%2C899\" \/>\n\t<meta property=\"og:image:width\" content=\"1353\" \/>\n\t<meta property=\"og:image:height\" content=\"899\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tony &quot;El Toro&quot; 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As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market. A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony\u2019s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements. Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions. In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony\u2019s expertise to guide their trading strategies. Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies. Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders. His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics. Tony\u2019s nickname, \\\"The Bull,\\\" aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice. In summary, Tony \\\"The Bull\\\" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. 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