{"id":464711,"date":"2021-05-28T17:46:14","date_gmt":"2021-05-28T17:46:14","guid":{"rendered":"https:\/\/uniquehot.com\/?p=464711"},"modified":"2024-06-11T13:56:03","modified_gmt":"2024-06-11T13:56:03","slug":"bart-simpson-back-bitcoin","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bart-simpson-back-bitcoin\/","title":{"rendered":"Don’t Have A Cow: Bart Simpson Is Back In Bitcoin"},"content":{"rendered":"

The crypto market is in fierce debate: is the top of the Bitcoin bull market in<\/a>? Bears salivating for cheaper coins say yes, while bulls hell bent on seeing through stock-to-flow predictions say otherwise. But which is it?<\/p>\n

A secondary conflict surrounds the topic: “if that was a top, it sure doesn’t look like one.” And while that is indeed true, don’t have a cow, man. We’re about to explain why the most recent top ushered in the return of Bart Simpson, along with why the move likely happened the way it did.<\/p>\n

“If This Is The Top In Bitcoin, It Doesn’t Look Like A Top”<\/h2>\n

Even if you aren’t a pro at technical analysis and couldn’t read a chart if your life depended on it, it is pretty clear that tops and bottoms<\/a> come to a sharp point most of the time \u2013 signaling a rebound is ahead and the violence left behind.<\/p>\n

Rounded bottoms do commonly appear but are a slow grind of a process and tend to stretch across a long timeframe.<\/p>\n

Related Reading | Bear Phase Fractal Warns Of Pain, Bitcoin Bull Market To Remain Unbroken<\/a><\/strong><\/em><\/p>\n

The shape and pattern of the recent Bitcoin “top” has many traders and analysts confused. Where is the blow-off phase? Where is the bearish retest? What type of pattern even is this? All of these questions are used as firepower to make an argument that this isn’t a top<\/a>.<\/p>\n

The spiky pattern with several sharp peaks into resistance instead looks like the top of the head of a famous cartoon character: Bart Simpson<\/a>.<\/p>\n

\"Bitcoin<\/p>\n

Bart moves are back in BTC | Source: BTCUSD on TradingView.com<\/a> via Twitter<\/a><\/pre>\n

I’m Bart Simpson, Who The Hell Are You?<\/h2>\n

The character Bartholomew JoJo Simpson<\/a>, or Bart for short,\u00a0first appeared on The Tracey Ullman Show in 1987 as a short. A dedicated show first aired in 1989 and it has been running ever since.<\/p>\n

The animated character is a TV icon, and the show is a pop culture phenomenon that’s adored by millions. So why then, when Bart appears on the Bitcoin price chart<\/a> do crypto traders get so upset?<\/p>\n

Related Reading | Eat My Shorts: Everything You Need To Know About The Bitcoin Bart Pattern<\/a>
\n<\/strong><\/em><\/p>\n

“Bart moves” as the community calls them, result from low liquidity. During such phases, whales can easily push price action through trading ranges. Bitcoin at more than a trillion dollar market cap tames the overall liquidity argument, but when order books are thin because everyone is holding<\/a>, a whale can just as easily make waves as we’ve recently seen.<\/p>\n

This high timeframe Bart move is the largest on record, and shows that more coins being exchanged are necessary to further price appreciation. Order books should be stacked for further upside. For now, the cryptocurrency is back to being a whale’s playground<\/a> \u2013 either until buying or selling picks up to an extreme.<\/p>\n

Featured image from iStockPhoto, Charts from TradingView.com<\/pre>\n","protected":false},"excerpt":{"rendered":"

The crypto market is in fierce debate: is the top of the Bitcoin bull market in? Bears salivating for cheaper coins say yes, while bulls hell bent on seeing through stock-to-flow predictions say otherwise. But which is it? A secondary conflict surrounds the topic: “if that was a top, it sure doesn’t look like one.” And while that is indeed true, don’t have a cow, man. We’re about to explain why the most recent top ushered in the return of Bart Simpson, along with why the move likely happened the way it did. “If This Is The Top In Bitcoin, It Doesn’t Look Like A Top” Even if you aren’t a pro at technical analysis and couldn’t read a chart if your life depended on it, it is pretty clear that tops and bottoms come to a sharp point most of the time \u2013 signaling a rebound is ahead and the violence left behind. Rounded bottoms do commonly appear but are a slow grind of a process and tend to stretch across a long timeframe. Related Reading | Bear Phase Fractal Warns Of Pain, Bitcoin Bull Market To Remain Unbroken The shape and pattern of the recent Bitcoin “top” has many traders and analysts confused. Where is the blow-off phase? Where is the bearish retest? What type of pattern even is this? All of these questions are used as firepower to make an argument that this isn’t a top. The spiky pattern with several sharp peaks into resistance instead looks like the top of the head of a famous cartoon character: Bart Simpson. Bart moves are back in BTC | Source: BTCUSD on TradingView.com via Twitter I’m Bart Simpson, Who The Hell Are You? The character Bartholomew JoJo Simpson, or Bart for short,\u00a0first appeared on The Tracey Ullman Show in 1987 as a short. A dedicated show first aired in 1989 and it has been running ever since. The animated character is a TV icon, and the show is a pop culture phenomenon that’s adored by millions. So why then, when Bart appears on the Bitcoin price chart do crypto traders get so upset? Related Reading | Eat My Shorts: Everything You Need To Know About The Bitcoin Bart Pattern “Bart moves” as the community calls them, result from low liquidity. During such phases, whales can easily push price action through trading ranges. Bitcoin at more than a trillion dollar market cap tames the overall liquidity argument, but when order books are thin because everyone is holding, a whale can just as easily make waves as we’ve recently seen. This high timeframe Bart move is the largest on record, and shows that more coins being exchanged are necessary to further price appreciation. Order books should be stacked for further upside. For now, the cryptocurrency is back to being a whale’s playground \u2013 either until buying or selling picks up to an extreme. Featured image from iStockPhoto, Charts from TradingView.com<\/p>\n","protected":false},"author":517,"featured_media":464714,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[60487,428,1119,1144,78790,6664,71847,82855],"class_list":["post-464711","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bart-simpson","tag-bitcoin","tag-btc","tag-btcusd","tag-btcusdt","tag-crypto","tag-the-simpsons","tag-xbt-xbtusd"],"acf":[],"yoast_head":"\nDon't Have A Cow: Bart Simpson Is Back In Bitcoin<\/title>\n<meta name=\"description\" content=\"The crypto market is in fierce debate: is the top of the Bitcoin bull market in? 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The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions. In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony\u2019s expertise to guide their trading strategies. Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies. Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders. His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics. Tony\u2019s nickname, \"The Bull,\" aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice. In summary, Tony \"The Bull\" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.","sameAs":["https:\/\/coinchartist.io\/","https:\/\/www.instagram.com\/coinchartist_io\/","https:\/\/x.com\/https:\/\/twitter.com\/tonythebullBTC","https:\/\/www.youtube.com\/@coinchartist_io"],"url":"https:\/\/uniquehot.com\/author\/tonymspilotro\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Don’t Have A Cow: Bart Simpson Is Back In Bitcoin","url":"http:\/\/uniquehot.com\/news\/bart-simpson-back-bitcoin\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/bart-simpson-back-bitcoin\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/05\/bitcoin-bart-simpson-iStock-458554935.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/05\/bitcoin-bart-simpson-iStock-458554935.jpeg?fit=1208%2C868"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Tony \"El Toro\" Severino"}],"creator":["Tony \"El Toro\" Severino"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bart simpson","bitcoin","btc","btcusd","btcusdt","crypto","the simpsons","xbt.xbtusd"],"dateCreated":"2021-05-28T17:46:14Z","datePublished":"2021-05-28T17:46:14Z","dateModified":"2024-06-11T13:56:03Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Don’t Have A Cow: Bart Simpson Is Back In Bitcoin\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bart-simpson-back-bitcoin\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bart-simpson-back-bitcoin\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2021\\\/05\\\/bitcoin-bart-simpson-iStock-458554935.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2021\\\/05\\\/bitcoin-bart-simpson-iStock-458554935.jpeg?fit=1208%2C868\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Tony \\\"El Toro\\\" Severino\"}],\"creator\":[\"Tony \\\"El Toro\\\" Severino\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bart simpson\",\"bitcoin\",\"btc\",\"btcusd\",\"btcusdt\",\"crypto\",\"the simpsons\",\"xbt.xbtusd\"],\"dateCreated\":\"2021-05-28T17:46:14Z\",\"datePublished\":\"2021-05-28T17:46:14Z\",\"dateModified\":\"2024-06-11T13:56:03Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/05\/bitcoin-bart-simpson-iStock-458554935.jpeg?fit=1208%2C868","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/464711"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/517"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=464711"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/464711\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/464714"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=464711"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=464711"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=464711"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}