Spotted by veteran analyst Peter Brandt, the classic technical pattern can result in ADA price losing almost 90%.
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Category: Peter Brandt
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XRP price will fall to new lows vs. Bitcoin if this famous chart pattern plays out
XRP price bulls watch out! The popular Head and Shoulder pattern is statistically among the most accurate trend indicators.
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Veteran trader Peter Brandt sees Bitcoin crashing further after May’s 50% drop
Peter Brandt, a veteran financial analyst and trader, is questioning whether Bitcoin has more upside in the near term.
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No, Goldman Sachs isn’t a bearish indicator for Bitcoin
The Bitcoin market is a different beast compared to late 2017 when Goldman Sachs balked at launching its crypto trading desk.
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Bitcoin Slides Over 13%, Veteran Trader Peter Brandt Suggests BTC Will Peak at $200k but Hints of Possible Deep Corrections
Veteran trader Peter Brandt has implied in a tweet that bitcoin will go through deep price corrections before it gets to the $200,000 mark. Brandt points to the 2015-17 bull run when bitcoin went through similar corrections about nine times as the precedent the crypto asset might follow. More Corrections Expected Consequently, Brandt is asking […]Powered by WPeMatico
Veteran Analyst Says BTC Might See Further Correction but ‘Prices Have Not Topped’
Following bitcoin’s sharp pullback on November 26, renowned trader Peter Brandt says BTC is likely to see a further correction, although he thinks prices have not topped. The comments follow the massive sell-off of cryptos that resulted in traded volumes of $8.5 billion being recorded across exchanges in just 24 hours. According to Messari, this […]
The post Veteran Analyst Says BTC Might See Further Correction but ‘Prices Have Not Topped’ appeared first on Bitcoin News.
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Calling Tops and Bottoms: 2020’s Most Popular Bitcoin Traders and Analysts
Bitcoin and cryptocurrency trading is quite popular these days. With the price upswings and volatility in 2020, crypto traders have made and lost a lot of money. In the last few years, a number of digital currency enthusiasts have been attracted to professional traders and analysts routinely publishing technical analysis (TA) online. Crypto asset trading […]
The post Calling Tops and Bottoms: 2020’s Most Popular Bitcoin Traders and Analysts appeared first on Bitcoin News.
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Market Update: Bitcoin Captures $11K, Flash Buy Signals, Bollinger Band Squeeze
Cryptocurrency markets are seeing decent gains on Friday following the announcement Square made the day prior about purchasing $50 million worth of bitcoin for reserves. During the morning trading sessions, the overall market capitalization of all 7,000+ crypto assets is up over 2% hovering at $340 billion. Digital currency markets are doing well on October […]
The post Market Update: Bitcoin Captures $11K, Flash Buy Signals, Bollinger Band Squeeze appeared first on Bitcoin News.
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Veteran Analyst Peter Brandt Scorns ‘XRP’s Bag Holder,’ Compares Ripple to the Fed
Veteran trader Peter Brandt knocked the digital currency XRP on Thursday and compared the crypto token company Ripple to the U.S. Federal Reserve. Brandt said he believes the company behind the coin will double the token supply, and he doesn’t understand why “otherwise smart people” have drank the “XRP-Kool-aide.” A number of digital currency investors […]
The post Veteran Analyst Peter Brandt Scorns ‘XRP’s Bag Holder,’ Compares Ripple to the Fed appeared first on Bitcoin News.
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Bitcoin Price Predictions by Top Analysts Are Usually Wrong — Here’s Why
Top analysts often make wild Bitcoin price predictions, while BTC options implied volatility produces conservative estimates. Which group fared better?
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