Veteran Trader Peter Brandt Warns Of More Downside As Bitcoin, Ethereum Knock At Support ⋆ ZyCrypto - BitcoinEthereumNews.com
Bitcoin Ethereumवयोवृद्ध व्यापारी पीटर ब्रांट बिटकॉइन के रूप में और अधिक नकारात्मक होने की चेतावनी देते हैं, एथेरियम समर्थन पर दस्तक देता है ZyCrypto06 / 15 / 2022बिटकॉइन एथेरियम समाचार विज्ञापन Veteran stock and derivatives trader Peter Brandt has predicted a further plunge for Bitcoin and Ethereum. In a series of tweets spaning the last four days, Brandt who mostly bases his decisions on technical analysis and chart patterns posited that Ethereum could lose major support, thus pushing lower. The pundit reached this conclusion after sketching a “POSSIBLE” descending triangle on ETHs daily chart. In technical analysis, traders can project how far the price will go once textbook patterns such as the one at hand are validated. Sometimes this is known as a “measured move.” Elsewhere, although the pundit is yet to give a bear call on Bitcoin, he seemed to agree with Pseudomous Twitter user “Big Cheds” who is on record calling for $12,000 BTC. If Cheds prediction is anything to go by, Brandt noted that this would be the fourth 80%-plus correction since 2011. It would also “be the first time a correction goes below the previous high peak, which was about $19,900 in 2017,” he added. In early May, Brandt correctly predicted BTC‘s