As pointed out by one of my subscribers... Bitcoin has officially confirmed a full Bart Simpson Technical Pattern!
In crypto, the Bart Simpson formation, or just Bart, is a short-term chart pattern. In a Bart formation, the cryptocurrency market rallies sharply, usually on a shorter timeframe like 30M, and after a period of flat (sideways) action retraces all of its previous gains. The name Bart came from the pattern’s likeness to the shape of Bart Simpson’s head. On...
I would not be surprised if we Bart this down… Hole twitter and YouTube is already on 1.000.000$ again…
Evil Bart coming in to mess it up. Looking at higher shorter time frames even better illustrates it. Do you see the horns?
We hit the top of our descending channel fast, see my previous post, the we where rejected at the top of the channel resistance. The most probable outcome is down with a possible Bart which bitcoin loves to do.
Hey, this quick update on price action Looks like Bart pattern, Bitcoin for short term will go down to $53,000 which is our short-term support level. If price go below $50,500 that would be not quite good for bulls, just don't risk too much there.
How how are you trading crypto? Do you remember 2017-2018? If yes, you know Bart pattern. Exactly - Bart Simpson. This pattern is called based his head... In this bullrun I haven't seen any pattern like this and probably this will not Bart. In case of Bart price will drop down back to 43 - 40K and bitcoin will continue with correction. Probably bitcoin will...
BTCUSDT had a huge SHORT SQUEEZE on Binance Futures. and now the price is testing the weekly resistance. IF the price will have a breakout from it, we can look for a long position. Usually, after a huge "artificial" pump, we could see a Bart Simpson pattern, and the price could retest the previous resistance as new support. According to Plancton's strategy...
Guys... This is a very attracting idea.
BEWARE OF THE DREADED BART SIMPSON PATTERN!! :(
Yeah.. I can't draw with a mouse... but maybe Bart Simpson is making a comeback with Bitcoin ;)
Bart Simpsonman yeah wooooh! Cowabunga dude Eat my short yeah. Idk its late. BTC down, maybe. Dank maymays
There are some interesting things shaping up on this chart. We are currently retesting a previous area of support on the hourly which may serve as resistance. If this plays out, then perhaps the bear flag will send us to the 1st target level which sits at the 38% fibs level. Our 2nd target sits at the 50% level while the 3rd is a combination of the 61% and 78%...
RSI overbought for over 7 bars, similar pattern struggle between previous market structures. Another failed breakout from resistance follow by a failed breakout might be a confirmation.
This is the mother of all Bart patterns. I am just going from btc's historical tendency to violently move in either direction (due to rampant market manipulation from unscrupulous nation-states and individuial actors). It could dump to 9600 if this holds true.
I see another fakeout coming with a Bart pattern
Classic weekend Bart pattern. I honestly cannot say I am surprised, I was actually expecting it. We had the same over a weekend not long ago and I knew after the pump towards the 12K mark was going to retrace, shorted it for a small PnL but was not enough, I should have waited longer and I would have caught the Bart drop. Up around these price levels we will have...