What is a Bart pattern?

The name Bart came from the pattern’s likeness to the shape of Bart Simpson’s head. On bitcoin markets, the Bart shows up only after long periods of sideways. In those times the volumes decline and not much is happening on the markets. On altcoin markets, where thin order books are normal, you can still see Barts quite often.

What is a Bart formation in crypto?

In crypto, the Bart Formation, or just Bart, is a short-term chart pattern. In a Bart formation, the cryptocurrency market rallies sharply, usually on a shorter timeframe like 30M, and after a period of flat ( sideways) action retraces all of its previous gains. The name Bart came from the pattern’s likeness to the shape of Bart Simpson’s head.

How long does a Bart take to form?

A Bart can be formed on any time frame, but 15-minute to 1-hour candles make spotting Barts and Inverse Barts easy. Bitcoin’s chart is full of Barts on 15-minute, 30-minute, 45-minute, 1-hour charts, and sometimes even daily charts. Ay, Caramba! TIP: For more see: BTC Did a Very Typical “Bart” (i.e. This is a Good Example of a Bart).

Why is bitcoin called Bart?

There is a pattern so common in cryptocurrency trading that it has been nicknamed the “Bart” due to it looking the head and hair of an iconic character.