Bitcoin stabilizing after a massive 12% drop; Peter Brandt says, he is ready to ‘dip toes back in the water’

2019-6-1 05:39

Peter Brandt, a well-known trader, tweeted his views on the condition of Bitcoin and said that he was ready to go back to trading. He has been known for being vocal about his views on XRP and other cryptos.

Brandt tweeted:

“$BTC appears to be stabilizing after the 12% break on Thursday. I am willing to dip by toes back in the water.”

The chart posted by Brandt showed an initial target for BTC at $9,321 and a target beyond that at $10, 615.

Source: Peter Brandt

The recent surge caused the price of bitcoin to hit $9,000, which was an all-time high for Bitcoin in 2019. However, the surge was momentary and the price dipped by a $1,000 in 5 hours, causing liquidations of both longs and shorts worth tens of millions.

Brandt also questioned if the 12% drop was enough to shake the “monkeys [FOMOO Buyers] from the trees”. The price of Bitcoin has since risen by  5.7 %.

However, the price of Bitcoin looks like it is forming a rising wedge pattern which is a bearish signal for Bitcoin. As seen in the chart below, the price is almost near the end of the pattern, indicating a break out to the downside in the next couple of hours.

Source: TradingView

DonAlt, another prominent trader tweeted:

Source: Cryptodonalt

“$BTC
Took both of these, my own stop loss is a little tighter (And R:R better) but I’d rather not disclose it, slippage is bad when people copy it.
I’ll monitor the trade depending on the monthly close tomorrow & price movements.
First-time net short BTC this year.”

The post Bitcoin stabilizing after a massive 12% drop; Peter Brandt says, he is ready to ‘dip toes back in the water’ appeared first on AMBCrypto.

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brandt bitcoin ready back stabilizing peter says

Источник: ambcrypto.com

brandt bitcoin → Результатов: 47


Bitcoin [BTC]: Coin’s rally has begun, claims Peter Brandt on the basis of past data, technical indicator

Peter Brandt, an old school trader and author of “Diary of a Professional Commodity Trader,” posted a tweet suggesting that Bitcoin’s rally might have begun. Brandt tweeted, “The last time Factor’s benchmark weekly MA was in the current profile of turning from down to up was in Nov 2015 just as $BTC began its move […] The post Bitcoin [BTC]: Coin’s rally has begun, claims Peter Brandt on the basis of past data, technical indicator appeared first on AMBCrypto.

2019-5-4 22:30


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2019-4-7 11:46


Popular Bitcoin Price Trader Predictor Peter Brandt Predicts Crash Of XRP Via A ‘Popcorn’ Rally

Popular Trader Peter Brandt Predicts Crash Of XRP According to Peter Brandt, a cryptocurrency trading expert, Ripple’s XRP is currently going through a popcorn rally. Brandt, who is well known in the cryptocurrency industry notably for making a forecast that the price of Bitcoin (BTC) would crash quite terribly, thinks that XRP will not be […]

2019-2-22 23:51


Famous trader on Twitter: Stellar (XLM) is “basically worthless” while Ripple’s XRP is getting ready for a big move

Peter Brandt famously predicted last year’s Bitcoin and crypto price plunge before it happened. In his January 2018 tweet, he warned traders about the imminent crash: In his yesterday’s tweets, he gave a short analysis of XLM and XRP price actions, calling XLM “bascially worthless” This chart is in contradiction with the price forecasts made […] The post Famous trader on Twitter: Stellar (XLM) is “basically worthless” while Ripple’s XRP is getting ready for a big move appeared first on CaptainAltcoin.

2019-1-23 01:12


BTC price analysis: If this mini bull run is a dead cat bounce, we might see $1200 bitcoin

If we go back in time to January 2018, when the price of the Bitcion had just reached its highest point, some people will remember the Tweet sent by Peter Brandt. This particular veteran financial expert was quickly blacklisted by Bitcoin’s cheerleaders and optimists, as he was then claiming that the BTC price would fall […] The post BTC price analysis: If this mini bull run is a dead cat bounce, we might see $1200 bitcoin appeared first on CaptainAltcoin.

2018-12-21 04:04


Фото:

Veteran Trader Who Called $20K Top Now Hints ‘Capitulation’ Has Arrived

Peter Brandt, the man who predicted the Bitcoin price dropping 85 percent in 2018, has appeared to call “capitulation” of the largest cryptocurrency. ‘Capitulation For A Time’ In a tweet, December 20, Brandt, who in January this year warned Bitcoin was heading to below $4000, reacted to this week’s sudden reversal of price declines across crypto markets.

2018-12-20 16:00


Trader: Ethereum is More Vulnerable Than Bitcoin to a Major Correction

Throughout this week, some of the most widely recognized traders in the cryptocurrency community have said that Bitcoin is due for another correction before initiating a mid-term rally. Peter Brandt, a highly experienced trader in the FX and cryptocurrency market, said in his 43 years of trading, he has not seen any asset that experienced […] The post Trader: Ethereum is More Vulnerable Than Bitcoin to a Major Correction appeared first on CryptoSlate.

2018-9-3 18:00


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