CryptoChan: Historical data suggests green bars or foreshadows the last opportunity to get on BTC?

According to Twitter user @0xCryptoChan, the last green bar representing the price correction of BTC has passed. At that time, the coin price dropped to $38k triggering the appearance of the green bar. However, it seems that there is still a glimmer of hope for those who missed out because theoretically there may still be a final opportunity to get on board. Looking back at history, we can see that after the halving of BTC production in 2016 and 2020, green bars also appeared, often signaling the last chance to get on board before a bull market frenzy; currently, there is still some time left until the halving date in 2024.

The black line in the chart represents BTC price, while different colored waveforms represent net changes in BTC price over 30 days during standard trading periods such as Asian session, American session, and European session. By adjusting early coin price fluctuations by dividing them by realized market value ratios. When net changes in BTC prices over 30 days during each standard trading period are all negative simultaneously for Asian session, American session and European session respectively marked with green bars. In historical bull market cycles whenever green bars appear it often signifies a rare opportunity to get on board.