Here we have a good example of a BART formation named thus because it looks like a bart simpson head
BTC has broken out of the downtrend with 2 massive 20-25% moves up, (circled in blue). We're also well aware of the Bart Simpson pattern that shows on lower time frames. The first BTC pump looked inorganic while the second pump also circled looked more trust worthy. Have we seen the second part of the Bart Simpson pattern yet? Could we be in for another 20% dump...
Title says it all... watch out for skatin Barts.
BTC is forming a large bart, it has tried to break 8300-8400 for a couple times but it has failed. A correction towards 7000 is due, forming a wedge.
Please enjoy my mid term analysis for the potential paths of $BTC. I am a strong believer that patterns in nature repeat themselves even if market climate is different than it was for the 2014 crash. We go through media trends of being berated with bad news then good news, it's polarizing. The last few days have been overwhelmingly bullish, which leads me to...
From the book "Trading for Fun and Profit using Advanced Bart Wave Theory"
So, where are we right now? Everyone is acting like Bitcoin is doing unpredictable things and are getting liquidated. In this market context, which is a bubble burst , we have to keep in mind a couple of things before entering trades: What drives a bubble burst is market-psychology and an alternance between hope and fear : an alternance between FUD and...
Three bull flags over the past few days have broken down creating what people are calling the Bart Simpson haircut. This seams like whales manipulating the price, crushing leverage positions to bring liquidations. The next time we have a bull flag don't expect it to act like a bull flag should but also don't expect the recent history of Bart Simpson haircuts to...