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$ 59 500 soon? Hi! The "Bart" pattern in trading is named after a specific type of price movement on an asset's chart, resembling the contour of Bart Simpson's head from "The Simpsons" cartoon series. Characteristics of the Bart pattern include a sharp price surge (vertical spike), followed by a rapid decline (horizontal consolidation), and finally a return to the initial level (second vertical spike). This pattern is often associated with market manipulation or anomalies, where large players such as traders or crypto exchanges may create the illusion of rapid price movement to induce other traders to enter trades and then exit with a profit. The name "Bart" was coined for this pattern within the trading community due to its resemblance to the head of the character Bart Simpson. Sincerely Yours, Kateryna💙💛
BITSTAMP:BTCUSDShort
by RocketBomb
Bitcoin stages rebound but large speculators are not buyingFollowing a breakdown below $57,000, Bitcoin (BTCUSD) rebounded last week in a broad market risk-on move. Currently, it trades near the $64,000 price tag, situated slightly above the 20-day SMA, which now acts as a critical support level; a failure to hold ground above this level will be concerning, while a success could foreshadow continuation higher. With that in regard, resistance at $67,241 and support at 60,760 are of the utmost focus. Illustration 1.01 The image portrays the daily chart of Bitcoin (BTCUSD) and two simple moving averages. The 20-day SMA acts as the critical support level, while the 50-day SMA acts as resistance. Thus far, Bitcoin has managed to close above the 20-day SMA for two consecutive days, which is quite positive. However, due to closes above this level occurring over the weekend, it is appropriate to wait for at least one more close above the 20-day SMA before committing to a bullish narrative. Illustration 1.02 The picture above shows simple support and resistance levels on the daily chart of Bitcoin (BTCUSD). Bitcoin addresses Interestingly, despite last week’s drop below $60,000, the number of Bitcoin addresses with balances exceeding 1,000 BTC has not increased, potentially hinting at large speculators’ lack of appetite to buy Bitcoin at a discount. The same applies to the addresses with balances exceeding 100 BTC. Technical conditions Daily time frame = Slightly bearish Weekly time frame = Neutral Monthly time frame = Bullish Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor or any other entity. Your own due diligence is highly advised before entering a trade.
BITSTAMP:BTCUSD
by Tradersweekly
4
BTC (Bitcoin vs US Dollar) :: Super Bullish Trend Soon !!!On the monthly time frame, the RSI pattern of 2017 is repeating, which led to a great bull run. I think it needs a monthly confirmation candle to close above the $75,000 price, in such a situation, a huge bull run in crypto could start. At that time, the peak of 2013, i.e. $1,200, was a monthly major pivot, which in 2017 needed to form a monthly bullish candle to confirm the upward passage. Currently, the 2021 peak of $69,000 is a major monthly pivot and a monthly bullish candlestick above $75,000 must be closed to confirm the breakout of the 2021 peak.
CRYPTO:BTCUSDLong
by abdulghafoorjhd
Bullish confliuence on the btc falling wedge & bear flag targetsWe can see here if price action can break above the top trendline of the chartreuse bearflag by next week and then hold that trendline as solidified support, thereby confirming the bullish breakout, that the measured move of the break out would be identical to the measured move of the bullish breakout of the monthly pink falling wedge pattern. This is very encouraging bullish confluence. The wedge being on the monthly time frame is more powerful than the bearflag which is on the weekly timeframe and the wedge has already confirmed a bullish break greatly increasing the likelihood that the bearflag which is a weekly timeframe pattern will also have a bullish breakout. To add to this the flag of the bear flag is a falling channel and those types of channels tend to break bullish far more often than they break bearishly. Bearflags usually only break up instead of down at the end of a downtrend or beginning of an uptrend as well, so if it does break up it is a very good sign that bullish momentum has control. One last thing that increases the probability of a break upward instead of downward is the measured move target for a break down from the bearflag is an impossible low negative number. All this combined I think we should see it break upward, but for the target to identically match the wedge target it is gonna need to break above the channel of the flag by the next 2 weekly candles. If this can happen then we are pretty much guaranteed the bottom is in. *not financial advice*
BINANCE:BTCUSDLong
by DrDovetail
🔥 ADA: Don't Miss The Entry Of A LifetimeI've made several analyses on ADA before where I talked about this parallel channel and argued that there's a possibility of ADA going for the top of the channel in the coming bull-cycle. It's not a likely outcome, but with a R/R ratio of 116 it's worth the risk. This could be your best ADA entry for the rest of your life. The best entry would be from the support of the channel, maybe a bit lower on a wick of some sort. Keep an eye on this trade!
Long
by FieryTrading
12
⚠️WATCH THIS: BITCOIN FAKE BREAKOUT AND BEARISH CHANNEL The anticipated breakout in Bitcoin didn't materialize as expected in our last update. However, there's been a notable rebound in BTC's price, raising the possibility of a potential breakout in the market structure. It's crucial to closely monitor the current market price for signs of either a confirmed reversal or breakout to ascertain the future trajectory. If BTC continues to indicate a retracement towards lower levels, there's a chance it could dip towards the $50k zone.
Long
by traderchamp_
MSTR MicroStrategy Incorporated Options Ahead of EarningsIf you haven`t sold MSTR on this potential fair value retracement: Then analyzing the options chain and the chart patterns of MSTR MicroStrategy Incorporated prior to the earnings report this week, I would consider purchasing the 1250usd strike price Puts with an expiration date of 2024-5-17, for a premium of approximately $120.25. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
NASDAQ:MSTRShort
by TopgOptions
$BTC range between $58k and $78kCRYPTOCAP:BTC has formed a rising wedge that it broke down from. What would make the most sense to me here is for BTC to test the top of the rising wedge to confirm resistance and then to break down to the lower support levels between $58k-60k. After that I think we'll then go up to test the top of the range between $76k-78k (which I believe will be the final top for this move). This should all play out by April or by the 1st or 2nd week in April. Regardless of the path we take here, whether we do go down in the way that I said above, or whether we go straight up to the resistance levels, I do think that once we get to the top of the range, you'll want to sell that region. I don't think the top is in quite yet, but we're close. Many of my alt charts still have levels to the upside that haven't been hit ( Mask , Flow , Etc , and a couple of others), which leads me to believe we still have a little bit more to go in the bullish run. Once we hit the top of the range and many of these alt charts play out, that's when I'll be protective in my positioning. I'm cautious right here just because of the risk that we go from here to that $58k-$60k level. If that happens, alts will suffer badly. I want to be in cash to buy the bottom of the range for the last move up. Tl;Dr: buy the bottom of the range, sell the top of the range. Let's see how it plays out.
COINBASE:BTCUSD
by benjihyam
10
Spot & Futures are forming an Inverse Head & Shoulder patternSpot CRYPTOCAP:BTC shows a beautiful, forming an almost perfect, inverse head & shoulder pattern. This pattern is best for determining bottoms but it can also work at other time periods, but not with the same validity. However, IMO don't think #BTC will form it completely. Why? IMO unless something crazy happens don't see #bitcoin going sub $40k or even $50k. ----------------------------------- Futures CRYPTOCAP:BTC is also forming the Inverse Head & Shoulder pattern. Spot & Futures are holding the GREEN moving avg line. #Bitcoin is still within the 3-6 month consolidation phase but it is getting close to resolving it. Small dotted lines are SMALL trends inside the #BTC LARGE trend.
INDEX:BTCUSD
by ROYAL_OAK_INC
Bitcoin is Ready to ⚔️Attack⚔️ the Resistance zone🎉Hi guys, I hope that you have a great weekend . 💡Bitcoin failed to break the 🟢 Heavy Support zone($61,100-$58,700) 🟢 and 100_SMA(Daily) and created a 🐻 Bear Trap 🐻, one of the reasons for which was the release of the US employment rate . 🏃‍♂️ Bitcoin currently seems to have succeeded in breaking the upper line of the descending channe l and is moving in the 🔴 Resistance zone($65,650-$64,200) 🔴. 🔔I expect Bitcoin to rise at least to the upper 🔴 Resistance zone($65,650-$64,200) 🔴 and possibly to the 50_SMA(Daily) . ❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed. Bitcoin Analyze ( BTCUSDT ), 1-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
16
BITCOIN 1st green week after 4 red! Have we finally bottomed??Bitcoin (BTCUSD) closed the first green 1W candle following a streak of 4 red ones, so it has been the first week in almost 1 month. That alone is a strong bullish sign, especially on the very aggressive Channel Up on the 1W time-frame (chart on the left). As you can see, every consolidation that is formed after a Higher High (red Rectangle) ends and transcends to the new Bullish Leg (green) when then first 1W candle is formed (circles). The previous (2) Higher Highs have been priced around the 2.786 Fibonacci extension, so the Channel's top and the Fib extension give us a projected Target Zone of $100k - $120k by the start of August. Even on the lower 1D time-frame (chart on the right), we have the strongest possible bullish break-out confirmation as after BTC held the 1W MA20 (red trend-line) and rebounded, its 1D RSI broke above its Lower Highs trend-line and the following day the price itself broke above its own Lower Highs. This creates the probability for an Inverse Head and Shoulders pattern (IH&S), which technically targets the 2.0 Fibonacci extension level ($78000). The only confirmation left to make is to close above the 1D MA50 (blue trend-line), which provided the last strong rejection on April 23. So what do you think? Is this the start of a new strong rally for Bitcoin and if yes what target are you pursuing yourself? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
3
🔥 Ethereum's Big Short: Conquer The Next Bear MarketThis analysis is based on a massive rising wedge pattern that has been developing over 7 years at this point. It's a long-term trade, so we have to be patient. The trade is simple; we're going to wait until the top of the next bull-market to enter a short on ETH. When this trade will activated remains to be seen. I'm waiting for ETH to touch the top resistance of the pattern. Rising wedges are often bearish reversal patterns, so we can ride the wave from ~15k all the way to ~3k potentially. Exact numbers will be clear once we actually arrive there. Assuming we're going to touch the top resistance, this trade can be double dipped: - Buy and hold until the top resistance has been hit for 400%-500% gains. - Short for another 60%-80% gain.
KRAKEN:ETHUSDShort
by FieryTrading
2
Bitcoin on 4h chart💥 Hello, dear friends! I think many of us were cheered up by a little Bitcoin pump. In fact, nothing unusual, it's seen within the framework of a descending trend. It's very important to monitor the price behavior, which may approach 63,000. I see several possible scenarios: 📌Scenario 1: The price will rise to 63,000+ and test the descending trendline, then go back down to the lower part of the wedge. 📌Scenario 2: The price will rise to 63,000+ and test the descending trendline, then start a consolidation process (this will be an excellent signal for growth). 📌Scenario 3: The price will rise to 63,000+ and test the descending trendline, then sharply drop to around 62,000. Which of these scenarios will unfold, there may be other unexpected ones for me, but the MACD indicator has crossed the lines indicating a price decline.🤫 Exciting times ahead!👏🏽 What are Your thoughts? I'm very interested to read Your thoughts, write in the comments!👇 Thanks for Your attention Sincerely Yours, Kateryna💙💛
BITSTAMP:BTCUSD
by RocketBomb
2
🚨Bitcoin is Ready to Go Down again🚨✅ Bitcoin finally managed to break the 🟢 Heavy Support zone($61,100-$58,700) 🟢 and the lower line of the Descending Channel and 100_SMA(Daily) . 🏃‍♂️Bitcoin is currently pulling back into the 🟢 Heavy Support zone($61,100-$58,700) 🟢 and moving near the 🟡 Potential Reversal Zone(PRZ) 🟡. 😱The Fear and Greed Index entered the " Fear zone " again after more than 4 months . 🔔I expect Bitcoin to start going down again and at least to the 🟢 Support zone($57,050-$56,550) 🟢. ❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed. Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
48