Earlier today, Peter L. Brandt, who is among the world’ most highly regarded classical chartists, talked about Bitcoin’s most current rate action.
In 1990, Brandt, who has actually been a product trader because 1976, released the book Trading Commodity Futures with Classical Chart Patterns. Then, in 2011, John Wiley and Sons released his 2nd book, Diary of a Professional Commodity Trader, which “became Amazon’s #1 ranked book on trading for 27 weeks.”
This is what Raoul Pal, Co-Founder and CEO of Real Vision, states about Brandt:
“Peter is simply one of the very best and most experienced classical chartists in the world. His analytical, pure chart-driven approach to trading and risk management is clear, understandable and actionable. Real Vision has had the honor of featuring Peter’s work and his content remains one of the most talked about and enjoyed by our subscribers. I can not recommend his work enough.“
In a tweet published on March 9, Brandt suggested that he might betting to ready to buy Bitcoin:
Even though Brandt does not think of Bitcoin as a religion, from his previous tweets, it is clear that he respects the flagship cryptocurrency. For example, on March 4, he said that Bitcoin is the king of cryptoassets:
Funny thing about ppl who argue against original tweet claiming “fixed supply”
But really? What about endless supply of #8hitcoins and NFTs
Eventually many many ppl will be mad at themselves for moving capital from $BTC to other crypto assets$BTC is KING
— Peter Brandt (@PeterLBrandt) March 4, 2022
On March 2, Brandt said that he was a not a BTC HODLer since it made more sense to use technical analysis to recognize Bitcoin’s tops and then to sell at those points rather than hold BTC no matter what and “risk” 80% drawdowns. Then, on March 3, he mentioned that this did not suggest that he was promoting “short-term trading” of BTC.
I am NOT a supporter for short-term trading
The 2013, 2017 and Apr 2021 highs were very identifiable
Given the clearness of tops, why would somebody danger 80% DDs and require to make the very same $$ over and over and over once again?
Come on folks, $BTC is a fantastic financial investment, not a religious beliefs https://t.co/xJXN6fYODG
— Peter Brandt (@Peter LBrandt) March 3, 2022
The viewpoints and views revealed by the author, or any individuals pointed out in this short article, are for informative functions just, and they do not make up monetary, financial investment, or other guidance. Investing in or trading cryptoassets features a threat of monetary loss.
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