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Bartsimpson

Bitcoin 15m chart 03/10/2021 Bart?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 continue up, there are some reasons. 1) Volume was high 2) Alts are superbullish 3) On-chain data shows that new traders are coming again...
COINBASE:BTCUSDLong
by UltimateCryptoTrader
BTCUSDT Bart incoming? 🦐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 (check our Academy ), we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure.
by InkyGrip
38
Elon Musk and Bart Simpson are definitely allies.#BTCUSDT #4HR #Binance #Tommy - Elon Musk is abusing the finance market. Tesla’s recent announcement that they will no longer adopt Crypto technology for their payment system, has shocked the market. - Technically, a rounded head pattern that signals the trend reversal had been formed before a big correction. Some of the similar patterns that could be interpreted as a possible trend reversal, would be Head&Shoulder, diamond, and cup&handle. - Anyhow, according to Binance BTCUSDT 4hr chart, Lower Low has been confirmed around 46K. This is not a huge gap so it could also be considered as a double bottom. In Elliott wave perspective, the current bearish momentum being wave C would be my major bearish counting. - Some of the major supports are 43900~44500(Valid until 5/19 05:00), 41500~42500(Valid5/21 13:00), and 38400~39400. - Lastly considerable resistances are located at 52300~52800, 53800~54400(Valid until 5/17 13:00), 57400~58200(Valid until 5/19 21:00), and 60500~61200(Valid until 5/23 1:00). - All of the periodic references are in Korean standard time (UTC+09:00).
by Tommy_Trader
5
Bitcoin ShortThere 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% region. If this plays out, our BART Simpson pattern will be completed. We could also see $50k being hit first before correcting. This still can be part of the overall pattern.
BITSTAMP:BTCUSDShort
by ewhite41
1
BTC - Big Bart, or Little Bart? BTC retraced as expected. Doesn't look super convincing on the bounce so I'd wait for it to post some actual volume or a good period of consolidation before putting out longs. If we move up watch how we act around the previous support level. If this turns heavy resistance expect more downside. Interestingly, looks like the whole pump up close to the ATH was a BART. If that is the case I'd expect more downside before the institutional money decides to re accumulate. Certainly doesn't seem like they are doing it yet, which makes me nervous this is a fake bounce. Like I said, wait for volume. This is not financial advice.
Long
by cryptosince1963
BTC - Quick Update: Long Walk off a Short Pier?Things aren't looking good on the BTCUSDT 4H 1D and 1H charts. Below major EMA's currently on 1H and 4H charts. Still room to fall on 1D. We saw a bounce get rejected out of oversold on 4h Stoch and back to a bear cross. 1h stoch in freefall and not oversold. 1D just turned into what looks like an incoming free-fall in the middle of the channel. MACD bearish on 4h shrinking divergence on 1d in the bull direction. Clear head and shoulders formed. If this keeps up we'll be dipping down the next support zone marked in purple. Not financial advice. Be safe out there my peoples. Also, how's everyone liking the new gradient backgrounds? I kind of like them :)
Short
by cryptosince1963
4
BTC - 4H Chart - Volume TANKED. Eat My Shorts?Looking at the BTC 4H chart. Just some quick thoughts. First off, if we did have a down channel it looks like we're holding steady through it, or I just drew it wrong. That does happen. Unfortunately. For example, thought I saw a head and shoulders yesterday on the hourly, turned out to be the left shoulder if it is a head and shoulder at all. We can't get them all right we just read charts and try to get as much knowledge as we can from them. Volumes tanking and I have a sneaking suspicion we're in a Bart Simpson right now. What is this guy talking about? Well I've linked a related idea at the bottom that explains all the fine details of the Bart. I can't do better than that so soak in some of that good stuff. Basically, It's a manipulative move up from low liquidity to an area of higher liquidity (also known as a liquidity pool ) in order to compel retail investors to invest, increasing liquidity in the market and allowing the manipulators to hit their targets. it tends to appear in big swing ranges, where people could think the price could go up or down, hence enticing more people to invest. Like I said, I can't explain it as good as JamesRkaye does in the linked article, (also I don't really want to) so check that out if you want more info. My reasons: We're in a prime swing territory, just below 11k. Half the people I talk to seem to think we're going to 12k next week, the other half is shorting down to 9500-9200. And what's right in the middle? (Full disclosure, there's a short with my name on it out there. But I'm spread all over in all directions. Realistically speaking, I'd be making more if the market went up.) Volume has absolutely TANKED on the osci., even more a weekend. and low Volume = ??... you're getting it now. We've posted higher lows. Seems like a weird thing to bring up as a negative sign but Bart's tend to do this.. I've read a couple articles today pointing to this move up being a sign we're back in the bull cycle for BTC. If it is a Bart, the bloggers are baiting the trap. MACD is showing shrinking deviation with a potential bear cross coming in. On a healthy trajectory right this moment though! Stoch is on the border of overbought. Not terrible but not good in these circumstances. Remember the end direction of Bart is down. EMA 100 is our current support level. We just saw a move back up from below to this level. BEST COURSE OF ACTION? If you see a potential Bart, don't buy into it. If we see a convincing move past the top liquidity barrier I'd say the coast is clear but at that point how much headroom do you have left before the next correction? I don't see much money being made here in a long position without taking on the risk of investing in a potential Bart. If you want to do that, that's up to you. I'm just sharing ideas.
by cryptosince1963
8
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Long
by Bromadic
Behold Bart Breakout Short intraday bias, still don't have an actual position on this yet, will mainly be looking for a support/resistance style of trade where it dumps below and tags prior support, probably the bottom of the bart itself. Once it gets to 5800 or so I will be looking to add on to my long term long account and buy crypto on a dollar cost average basis. I will not be using all my account for that because I think there will be a dump out after the halving which I want to use for accumulating also. But for now I'm looking for it to head to the Z point or thereabouts. It's notable that oil is dumping to incredible new lows which means the economy isn't yet roaring away and that it's probably a little early to be expecting cryptos to moon. A better plan is to have patience and buy shakeout capitulation.
BITSTAMP:BTCUSDShort
by mljones
Seems like the formula for a bearish bartWhen it heads up to the top of a channel like that in a big swoop then stalls out the most logical thing in a bear market is to expect a bart. People are getting all frothy about it shooting to the moon from here but I am not buying it. I am not actively shorting it yet but I am lightening up a little on the long term long positions I accumulated at lower prices because I expect the market is going to give plenty of chances to buy back in much lower. I still think 5800 is a very reasonable scale in zone and given the uncertainties in the world as a whole it's also possible for it to test into the 4k area again. I don't really think it's going below the floor which stock-to-flow put in at 3800 but it's also not totally impossible. My overall plan is still the same, to spend the entire summer building a long term position for when the bull market finally returns, and the key to that is to not chase fakeout-style price action like this. Oil is still heading south which is a strong indicator to me that the economy is not out of the woods. That means the crypto market still has lots of time to shake people out and I would rather be buying the bottoms of the shakeouts than be the one getting shaken out.
BITSTAMP:BTCUSDShort
by mljones
3