In [this post](https://www.reddit.com/r/CryptoCurrency/comments/vdcq5m/is_the_bottom_in/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) this redditor showed his ‘great’ in depth research into stf models and the rainbowchart. I keep seeing more and more posts about people who apparently do not know this chart is created as a meme by the creator.
The explanation in [this twitter thread](https://mobile.twitter.com/ercwl/status/1341061789182791683) , show you the exact steps of the creator and an explanation why it will not work at all.
I expect you to DYOR and due diligence when promoting certain projects, models and charts.
So people who make posts like this:
Intact thus far. Keep crying bears. from Bitcoin
Should be ashamed of themselves to promote dogs*** models like that.
Anyways I understand that discourse and in-depth discussion about the economy is not always welcomed here, especially with all the btc maxi’s that are blinded by their vision for any counter-arguments.
DYOR and have DD
View Reddit by Dutchsteam – View Source