What is a Bart pattern?

The Bart Pattern occurs with a sudden, immediate rise in price, which takes the visual form of a massive green candle. This candle is then followed by a horizontal movement that appears directly perpendicular to the first candle.

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.

What is inverse Bart pattern?

The grand result of this is that it forms what looks like a recognizable head of spiky hair sitting on top of an equally recognizable head. With that said, an inverse Bart pattern may form when this all happens upside-down (first a drop, then the spikes, then an increase equal to the first drop).

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).