Model evaluation

How accurate is the rainbow chart model?

A reproducible historical evaluation of Bitcoin, Ethereum, Solana, XRP and Dogecoin power-law forecasts against an unchanged-price baseline.

Archive checked2026-10-20
ScopeHistorical evaluation
AdviceNone

90-day forecasts using only earlier observations

At each January 1 with at least 1,095 daily observations, we fit the site's power-law curve to data through that date and extrapolate 90 days. We compare that price with the recorded price 90 days later. The simple baseline predicts that the price will remain unchanged from January 1. Neither forecast uses observations after the origin date during fitting.

Median absolute percentage error; lower is better
Asset Data through Forecasts Power-law error Unchanged-price error Model wins
Bitcoin 2026-10-20 13 42.9% 27.9% 4/13
Ethereum 2026-10-20 8 62.5% 34.8% 2/8
Solana 2026-10-20 3 67.6% 53.0% 1/3
XRP 2026-10-20 8 42.3% 14.7% 3/8
Dogecoin 2026-10-20 9 84.3% 37.4% 2/9

Error is 100 × |forecast − actual| / actual. We report the median across each asset's eligible annual forecasts. Model wins count cases where its absolute error was strictly smaller than the baseline's; ties are not wins. Missing origin or target observations are skipped, and evaluation windows do not overlap.

Download every forecast and error (JSON) · Read the evaluation code · Why time-series evaluation must exclude future data

What this comparison does and does not establish

This tests a 90-day extrapolation of the fitted central trend, not the profitability of trading rainbow bands. Large errors or losses against the simple baseline are evidence against treating that curve as a reliable price forecast in this sample. A low median error alone does not establish future accuracy.

The five assets were selected today, so this comparison has survivor selection bias. It uses the current archive, which can contain revised data and mixed providers, rather than a preserved copy of what every provider published at each historical date. There are few annual observations per asset, and results depend on the horizon and origin schedule. We have not searched across horizons to select a favorable result.

The chart pages' year-end examples instead use the full-history fit and include later data. Those illustrations are intentionally separate from this evaluation. Neither page presents a live trading record, includes transaction costs, or promises future returns.

What is tracked

cryptorainbowcharts.com tracks historical daily price observations, fitted power-law trend values, current rainbow bands, data ranges, and model diagnostics for each supported asset.

The site records model context rather than trade calls. A rainbow band is a historical valuation zone, not a buy signal, sell signal, forecast, or guarantee.

How to judge it

A useful track record for this site is whether chart data is updated consistently, whether pages disclose their data range, and whether the model remains transparent enough to inspect.

Short histories, stablecoins, wrapped assets, tokenized funds, and changing market regimes can make the fitted bands less informative.

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