There are many indicators that assist traders in estimating where market tops and market bottoms are. Almost all of these incorporate charting patterns, but a more interesting indicator involves looking at the emotional aspects of the market. The Bitcoin Fear and Greed Index shows the emotional state of the trading market and gives the opportunity to counter-trade it.

Bitcoin Rainbow Chart

The Bitcoin rainbow chart is almost a reverse swing-trade indicator to the Fear and Greed index. The Bitcoin Rainbow Chart is an instrument for long-term valuation. It makes a forecast about the possible future direction of Bitcoin's price using a logarithmic growth curve.

The logarithmic growth curve channel is overlaid with rainbow color bands in an effort to emphasize the market sentiment at each rainbow color stage as the price passes through it. Thus highlighting possible buying or selling opportunities.

Microstrategy Bitcoin

These indicators are used by Microstrategy in their purchases of Bitcoin. They are likely one of the largest holders, as Microstrategy Bitcoin adds up to around 138,555 total BTC.

But there is an easier way to calculate the fair value of Bitcoin than using all of these indicators.

Avorak

Avorak is a cryptocurrency organization that plans to release, among other things, a set of trading indicators and automated trading bots; however, this article focuses only on the bots.

These bots can finish the research that traders take weeks or even months to complete, done only in a few short minutes.

To ascertain which indicators are most effective and how quickly outcomes occur, the bots will simulate trades thousands of times using the available indicators. The bots can then determine the best entry and exit prices for the deal, greatly increasing the potential profit from each transaction while also raising the trading success rate.

Additionally, these trades will be opened and closed automatically by the system, allowing the trader to dedicate their time to other activities while the trading is done automatically.

Avorak trading bots will charge 0.5% of all profits collected as fees to use this system, which must be paid in AVRK. The AVRK will be "prepaid" into an account and is automatically deducted after a successful transaction in order to use the bots. No fees are due for any losses on individual trades. Any user that runs out of AVRK credit needs to "top up" before their customized bot is once more usable.

As more traders adopt the system and buy AVRK on the open market, the system of using AVRK to pay for goods will produce enormous revenue, leading to a bullish price trend for AVRK.

Want to learn more about Avorak AI?

Website: https://avorak.ai

Buy AVRK: https://invest.avorak.ai/register