BTC - I smell an Inverse Bart Pattern incoming by jrcornel

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bitcoin · @jrcornel ·
$24.74
BTC - I smell an Inverse Bart Pattern incoming
# I have a suspicion that Bart may be about to rear his head

For those trading/investing in Bitcoin over the past few years, you are likely familiar with the "Bart Pattern" by now.

It is a pattern where prices shoot up in basically a straight line, chop around sideways for a bit, and then drop right back down from where they came.

In effect, creating the outline of Bart Simpsons head.

The pattern also works inversely as well, where prices drop straight down, chop around, and then shoot straight back up, looking like an upside down Bart Simpson head.

They look something like this:

https://i.postimg.cc/XNggTTtt/bart-pattern-inverse.png

(Source: https://blockexplorer.com/news/crypto-meme-history-the-bart-pattern/)

# I think we are about to see one on Bitcoin yet again

We have seen these things play out on bitcoin over and over and over again over the past few years.

I am not sure exactly what causes them, but they are most likely part of the whale manipulation that so many talk about.

You get low volatility and low volume sideways action for a bit, and then a large player can move prices quickly up or down.

Liquidations on Bitmex, both long and short, may also play a role due to the amount of leverage being deployed over there.

Looking at a chart of Bitcoin right now, I think we are ripe for one:

https://i.postimg.cc/VLrdjt94/EJf-It-LGUUAAw-LD2.jpg

(Source: https://twitter.com/JacoFix/status/1195644907446140929)

Though, technically this would be an inverse Bart Pattern as we would be looking for prices to shoot back up shortly, completing the other side of Bart's face.

You think back when they created the Simpsons, they ever though that Bart would end up being such a highly followed bitcoin trading pattern?! :)

Of course they didn't, as Bitcoin wasn't even invented yet, but it's funny that it is a trading pattern of any kind either way.

In this case we are hoping for good ol Bart to show up as that would likely punch prices through the recent downtrend and possibly signal that the next leg up has started on bitcoin.

C'mon Bart!

Stay informed my friends.

-Doc
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@pode ·
$0.51
pocketsend:11@jrcornel, play around with the token of fun - POCKET!
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@jrcornel · 
Cool, thanks!
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@pocketjs · (edited)
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@armadilloman · 
Since we are now below the 50 day moving average the  next move may not be a Bart building one.
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@jrcornel · 
Yes there is that as well. Usually Bart doesn't care much about anything else, but we shall see.
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@eii · 
!BEER
for @jrcornel
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@beerlover · 
<div class='pull-right'>https://cdn.steemitimages.com/DQmaHThyECGhEx8tSfHZbiMFRNYjJ35K92cDgiJjkzBUaJo/One%20sip%20of%20BEER%20for%20you.gif<p><sup><a href='https://steem-engine.com/?p=market&t=BEER'>View or trade </a> <code>BEER</code>.</sup></p></div><center><br><br> <p> Hey @jrcornel, here is a little bit of <code>BEER</code> from @eii for you. Enjoy it!</p> </center>
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@jrcornel · 
Who doesn't like a free beer?!
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@tts · 
To listen to the audio version of this article click on the play image.
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@edicted · (edited)
lol why'd I write that... so bad.
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@mtl1979 · 
I've managed few inverse farts, it doesn't smell at all... It's more like burping without anything coming out... I saw ETH do inverse fart pattern on one exchange about 2 years ago because BTC network was so congested... It basically went up to about 0.9 BTC and then dropped down to 0.09 BTC in just few minutes.
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@jrcornel · 
I miss those days...
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@jrcornel · (edited)
$0.03
Ha, probably because I said that "I smell a bart pattern...". The smell word triggered the fart response and bart kinda sounds like fart. It's understandable. :)
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@edicted · (edited)
lol and you noticed... the original comment and the deletion.

I took that thought and immortalized it on the blockchain  forever. 
They can't all be winners.
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@whatsup · 
I'm not very good at TA, but I think it is going to break the other direction.
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@jrcornel · 
Showing some nice green shoots so far today, but still too early to get too excited about it just yet.
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@mtl1979 · 
I'm still waiting for inverse Marge, inverse Lisa and inverse Maggie patterns... Inverse Homer is so common pattern that it's not worth waiting though...
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@jrcornel · 
Inverse Marge pattern would be an exciting one for sure.
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@mtl1979 · 
Yup... fast dive and equally fast climb back up... that would require quite big news...
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@sameerbtc · 
We may soon see a Double-Bart pattern :)
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@jrcornel · 
Inverse double bart pattern?
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authorjrcornel
permlinkq16lwe
categorybitcoin
json_metadata{"app":"steemit\/0.1"}
created2019-11-18 20:21:51
last_update2019-11-18 20:21:51
depth2
children1
net_rshares545,938,839
last_payout2019-11-25 20:21:51
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length28
author_reputation3,743,978,389,823,818
root_title"BTC - I smell an Inverse Bart Pattern incoming"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (2)
@sameerbtc · 
haha.. looks highly probable!
properties (22)
post_id81,857,940
authorsameerbtc
permlinkq17kwo
categorybitcoin
json_metadata{"app":"steemit\/0.1"}
created2019-11-19 08:58:00
last_update2019-11-19 08:58:00
depth3
children0
net_rshares0
last_payout2019-11-26 08:58:00
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length29
author_reputation126,862,519,810
root_title"BTC - I smell an Inverse Bart Pattern incoming"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
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