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