The legendary Trader Peter Brandt: "Bitcoin's long-term uptrend has begun"

Back to bitcoin, legendary analyst Peter Brandt recently made some comments on the trend of bitcoin in the near future. Hereafter refer to ...


Back to bitcoin, legendary analyst Peter Brandt recently made some comments on the trend of bitcoin in the near future. Hereafter refer to offline.



Peter Brandt

Mr. Peter Brandt has just tweeted. It's been a long time since my boss made a comment about Bitcoin. According to boss Peter Brandt, the long-term uptrend of Bitcoin has begun. However, it needs to include a condition.


Has the long-term bull market started with BTC?

1. The market holds support at the lower edge of the upward price channel, which lasted for many years
2. Reversed head and shoulders pattern creates bottom on day time frame
3. The ongoing infringement of the bearish channel lasts for more than 6 months

If enough crypto traders have been shaken since December 2017 (BTC's all-time high of 20k was established) then "yes"

If not, then "not yet"


Do you understand what boss Peter Brandt meant in the tweet above?

The boss gave the data on technical analysis of the classic price model. It includes support for multi-year price channel + reversed head and shoulders pattern + 6-month price channel. To reinforce the argument that Bitcoin has broken out of the long-term downtrend and entered a new bull cycle. All factors are consistent with this conclusion, and are based on chart analysis. After today when the D1 candle closes, we will know if the 6-month downtrend channel has been broken. In case of a real break, the immediate goal of the BTC will be around 9145, probably Peter's boss calculated according to the goal of the opposite head and shoulders.


As for the last sentence, the condition is that if enough crypto traders are shaken off, it seems to be simply to "soften" the boss's extremely bullish judgment. In the past Peter Brandt has also made extremely frank statements about the price of Bitcoin. Typically, expect the price to fall to 3k when BTC is 14k in 2017, at a time when the whole world is crazy about Bitcoin and crypto. As a result, Peter's boss was abused and bricked a lot. Today, the boss learned from his experience, to avoid the cryptomaniacs (those who love crypto to the level of deifying them) to throw stones, the boss commented softly, without making sure as before.

Therefore, in my opinion, boss Peter Brandt has confirmed that bull market has returned to Bitcoin. At that time, the peak of 20k would be just a normal target for BTC. It may even reach 50k or even 100k / 1 coin in a new bull run.

Mr. Nerd

Visits for the day

Name

Advanced tutorial,6,Basic guide,8,Business information,32,Cuisine,54,Entertainment,173,Experience when traveling,4,Feng shui - Spirituality,29,Finance – Stock,118,Gamer,362,Games mobile,118,Games News,122,Games PC,72,Health,48,Information technology,137,Life,223,Make money online,14,Market analysis,21,Market news,32,News of life,70,Places to eat,1,Science,51,Software tricks,22,Stock market,58,Technology news,101,The memorable moments,4,Tourist,8,Tourist – Traveler,18,Travel destination,7,Travel services,2,Traveler,10,Virtual money,55,Virtual money information,34,
ltr
item
High Tech Brain: The legendary Trader Peter Brandt: "Bitcoin's long-term uptrend has begun"
The legendary Trader Peter Brandt: "Bitcoin's long-term uptrend has begun"
https://1.bp.blogspot.com/-FWMj92ZFPXI/Xhf2v1aIKWI/AAAAAAAAUSU/HqdnMLbgSN4FsThSd68qDCFt2UVV62kpgCLcBGAsYHQ/s640/Peter%2BBrandt.png
https://1.bp.blogspot.com/-FWMj92ZFPXI/Xhf2v1aIKWI/AAAAAAAAUSU/HqdnMLbgSN4FsThSd68qDCFt2UVV62kpgCLcBGAsYHQ/s72-c/Peter%2BBrandt.png
High Tech Brain
https://www.hightechbrain.com/2020/01/the-legendary-trader-peter-brandt.html
https://www.hightechbrain.com/
https://www.hightechbrain.com/
https://www.hightechbrain.com/2020/01/the-legendary-trader-peter-brandt.html
true
7716428879874315926
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS CONTENT IS PREMIUM Please share to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy