A meme develop in the crypto community around this unusual price pattern seen almost extensively in crypto currencies, characterized by its sudden rise in price, sideways movement, then sudden drop which had been widely popular in the entire duration of bear market 2018. It has become so popular that trader @JamesRkaye made a trending post about it. Check his...
Scaling into a short here, expecting it to print a Bart pattern pretty soon and dump back to the old support level. Am catching a wick so using a wide scale in region.
The pump we just had looks to be fizzled out, with volume returning to normal as well. We may actually see it bart back down again. The past 2 months have been riddled with barts (implying low-volume price manipulation). Unless we see some type of Chad staircase form then I suspect us barting down.
New lower highs, new lower lows, accumulation zone, rsi is descending...nothing special Bitcoin not even trying to crack the resistance, it just stay there... Next support is at around 3.400 So...3.400 or 3.800?
Just a lighthearted moment in these rather nervy days of sideways trading... is this an extended bull flag preparing to pump higher, or is Bart Simpson hours away from his next appearance? Good luck all!
The last huge bitcoin move has left the whole space climbing on rockets again, and usually that indicates that longs will get rekt. Will this time be different? On the hourly chart (above) you can see price consolidating into the kumo after the last move. If there was enough momentum behind this move to continue the bullish trend I feel the follow through would...
Although the falling wedge lost its 4hr chart validity when the red candle closed green giving it only two wick touches on each trendline, the break upward that has occured has conveniently closed its breakout candle at the exact breakout target the wedge would have had. I've yet to see a wedge this long breakout this prematurely so I think it may more likely be...
The Wedge Master is at it again. It seems, we're in another wedge, around 4am-12pm PST we will have huge movement again. With crypto, it is hard to predict which way wedges will break out. So my technique has been to buy as the wedge closes in and set a tight stop loss about 1-2% under the line of my wedge. Here I am anticipating more down to retest our...
BTC and some other alts are forming a bart (ETH is shown), which is similar to the previous pattern. When I said similar, I hate to say that they are identical. Let's not predict where this is going. I am scalping this range before anticipating completion of the bart. My previous analysis, which is bearish, is still in effect. If you are trading long term, you...
Classic crypto Bart's Head pattern "The reason for these sudden pumps and dumps is likely to burn margin traders, whether short or long, by manipulating the market. While some believe that this is done by the exchanges themselves — which is entirely possible due to the lack of regulations — this might be related to large crypto traders" Where from here? we will...
Hi guys, I am back after a short winter holiday break with new ideas for your. What's going on with BITSTAMP:BTCEUR at the moment? Up, down, up, down, down... and so on. Come on guys, let's push this chart a little bit. What I can see now is a falling wedge in this downtrend. And perhaps we will see a nice breakout on Sunday or Monday morning. Another idea is...
Looks like the Bart dump out stopped out a lot of bulls which means it will probably be harder for price to get up as far as I was thinking. I'm moving my region of interest to start shorting back to where I first projected it previously. The lower region is mainly a fib projection of the current bart. This bart hasn't finished so it may expand lower which would...
While the chances of an inverted bart up from this bearflag are very possible considering rsi levels at the moment...I'm hoping more that we continue the trend so we can finally get this capitulation candle out of the way and bring this bear market to an end. If capitulation is near I anticipate we will break down from the current bear flag right around the time...
For those who are calling this recent pump the beginning of a Bart formation, you need to see you this.
What a sick move today, Saturday manipulation at it's best. This market is just so easy for these people when volume is low. Anyway, there were a lot of things in favor for at least a test of the 4000/4050. -The daily candle of yesterday was perfect, today's was good as well. But of course, just minutes before the daily close the price got pushed down....