Don't get bearish Bitcoin just yet, says veteran trader who called 2018 crash
Bitcoin faces trying times, but the outcome of this week's BTC price action could be bullish or "exhaustingly" sideways, says Peter Brandt. Bitcoin (BTC) may have printed a classic “head and shoulders” pattern but bulls could still win, says veteran trader Peter Brandt.In a tweet on Oct. 27, Brandt, famous for his accuracy when it comes to BTC price predictions, refused to flip bearish on Bitcoin.Brandt: Bitcoin may face "larger congestion"Despite nearing $58,000 in a fresh wipeout of leveraged traders Wednesday, analysts broadly remain calm, even calling for highs to return in a show of....
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Veteran trader Peter Brandt made the bearish call in a tweet published Thursday, hours after Bitcoin fell by up to 16.31 percent from its local high of $19,500.
The bearish setup sees Bitcoin price crashing to as low as $25,000. Bitcoin (BTC) could be forming a so-called "double top" pattern after falling by over 30% from its record high of $69,000, suggests Peter Brandt, a veteran trader known for correctly calling the crypto market top in December 2017. The bubble has been popped. Bull market in $BTC over for some time. For analog look at Gold chart from 2011 on wards pic.twitter.com/AUSiGH0eCg— Peter Brandt (@PeterLBrandt) December 22, 2017 The Factor LLC CEO recalled Bitcoin's inability to extend its price rally above its previous all-time....
Veteran trader Peter Brandt says the dogecoin bear market that began in May last year has ended. His comment came after the price of dogecoin soared following Tesla CEO Elon Musk’s acquisition of the social media platform Twitter. Peter Brandt on Dogecoin Outlook Veteran trader Peter Brandt shared his analysis of dogecoin (DOGE) Sunday. Brandt has been a futures and FX career trader since 1975. He is a chartist and the author of the Factor Report. He trades a variety of markets, including Dow futures, bonds, corn, crude oil, European wheat, Osaka Dow, U.S. dollar, and sugar. Tweeting....
Bitcoin and Ethereum's upside exhaustion, Cardano's smart contract FOMO, and an overall boom in the altcoin market catalyzed ADA's gains. Cardano's native token ADA ignored a serious price crash warning to rally to a new all-time high.The ADA/USD exchange rate reached $2.56 for the first time on Aug. 20, following a 154.54% price boom that started on July 20. In doing so, the pair also ignored veteran trader Peter Brandt's 60-90% price crash warning, which was based on a classic bearish pattern called the Head and Shoulders.I remember being scoffed at unmercifully when I identified this....
Veteran trader Peter Brandt has shared “a sacred trading rule” he uses in response to a comment about buying bitcoin as the price of the cryptocurrency continues to fall. “Never add to a losing trade,” he affirmed. Peter Brandt Offers Trading Advice Veteran trader Peter Brandt has a trading suggestion for anyone considering buying the dip. Brandt has been a futures and FX career trader since 1975. He is a chartist and the author of the Factor Report. He trades a variety of markets, including Dow futures, bonds, corn, crude oil, European wheat, Osaka Dow, U.S.....