Bitcoin Eyes MId-$80,000s As Peter Brandt Flags ‘Horn’ Pattern
Veteran trader Peter Brandt sparked a fresh round of chart debate around Bitcoin after posting a chart and writing, “The Banana is splitting. This is a Horn. Richard W. Schabacker wrote about this in his 1934 book.” For market participants used to Brandt’s shorthand, the message pointed to a possible shift in how he is reading BTC’s recent recovery structure. The chart Brandt shared shows Bitcoin on the daily timeframe rebounding from a sharp February washout into the low-$60,000s and climbing back toward the low-$70,000s. The posted candle data showed BTC closing at $72,813.62 on the day,....
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At the time of writing, Bitcoin (BTC) trades in the highs $73,000, outperforming both equities and gold in late‑quarter trading. A Late-Quarter Bitcoin Plot Twist Tensions around Iran and the Middle East are intensifying, yet BTC is rallying. According to a QCP Market Colour from today, we might be bracing for “a late-quarter plot twist” as not only BTC broke through key resistance and rose above the $74,000 area on Monday morning, but Ethereum (ETH) is following along, trading around $2.7k at the present moment. Related Reading: Bitcoin Eyes Mid-$80,000s As Peter Brandt Flags ‘Horn’....
Legendary analyst Peter Brandt has provided a bearish outlook for the Bitcoin price. He predicted it could crash to as low as $78,000 and explained why he holds such a bearish sentiment. Peter Brandt Predicts Bitcoin Price Crash To $78,000 In an X post, Peter Brandt predicted that the Bitcoin price could crash to $78,000. This prediction came as he revealed a head and shoulders top pattern. The legendary analyst remarked that a complete formation of this pattern could cause a price breakdown to this target. Brandt added that this pattern might fail with a “thrust hire,” or it might morph....
Veteran trader Peter Brandt’s latest remarks which mock crypto traders still using laser eyes crypto memes have sparked an immediate and angry response from bitcoiners on Twitter. One very famous bitcoiner, Michael Saylor, reminded Brandt that the laser eyes signify “a long-term commitment to bitcoin based on its ethical, technical, and economic superiority to alternative assets.” Technical analyst and inventor of the Bollinger Bands technical indicator, John Bollinger, suggested that Brandt’s tweet was “a bit mean.”
All BTC Purchased in 2021....
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....
Legendary analyst Peter Brandt has criticized XRP investors, describing them as uneducated. His criticism comes amid the drop below the psychological $2 level, despite recent fundamentals that paint a bullish picture for the altcoin. Peter Brandt Describes XRP Investors As “Uneducated” In an X post, Brandt stated that XRP investors, who are permabulls, are the […]