RE: The Bitcoin Bart Pattern?
Yes, it is an actual thing in this wild and wonderful world of the crypto-sphere….
Eat My Shorts: Everything You Need To Know About The Bitcoin Bart Pattern
“The crypto industry is full of eccentric characters, controversy, and memes. One such meme has emerged, called the “Bart” or “Bart Simpson” chart pattern, that occasionally appears on Bitcoin price charts.
But what exactly is the Bart pattern, and why does it occur so frequently on the price charts of Bitcoin and other cryptocurrencies? Here’s everything you need to know about the Bart pattern commonly found across the world of crypto…
Bart Simpson patterns first made their debut during the 2018 Bitcoin bear market, when volume and liquidity began to dry up due to diminishing interest in the asset class. With crypto prices falling once again, volume is also dwindling to its lowest levels in a year, resulting in a low-liquidity, low-volume trading environment that is the perfect recipe for Bart moves to once again become commonplace.
Bart patterns also form in the inverse, with the haircut zig-zagging appearing at the bottom of the sudden price move, before reversing back upward to where the first impulse began.”