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Peter brandt bitcoin live
Over A Year Ago With Chilling Accuracy was last modified: March 11th, 2019 by Tony Spilotro. In December 2017, fueled by extreme media attention and retail investor fomo, Bitcoin skyrocketed to nearly 20,000 before its parabolic advance was broken and the historic cryptocurrency bull run of 2017 came to a screeching halt. With this in mind, Brandt believes that either from the December 2018 low (of 3130) or a retest of this value Bitcoin could well be entering a new parabolic phase which would be nice. Its Been A Long Time Coming. Peter Brandt is a professional career trader that has traded across a number of markets, asset types and more, seeking to profit off of what patterns hes able to derive from price charts. The Guy Who Wrote The Book.
Peter s classic out-of-print book. Analysts Aksel Kibar Big Cheds Big Chonis.
13 months of (mainly downward) chop later and according to Brandt the new advance could be starting to gain traction. Please click here to see more information regarding our premium membership options.
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Bulls and bears alike were caught off guard by the sudden violent decline. In early 2018, the career trader suggested that belgische forex traders based on a general TA rule on previous parabolic advances being broken, Bitcoin was due for an 80 or more correction. This is the point at which prices could accelerate or fail. . However one prominent trader was able to predict Bitcoins over 80 fall and called for a bottom target of 4,000 or below well over a year ago. This bottom followed the crash from Bitcoins previous parabolic move, which peaked in late 2013. And what was Peter Brandt saying at the time? Will Bitcoin price go on another parabolic run similar to the one in 2017? I wouldnt bet against. Markets and price movements are driven heavily by the emotional state of traders and other market participants, and if historical data based on decades of market experience supports calling price declines based on a break of a parabolic advance with such accuracy, its also likely. Related Reading, analyst: Bitcoin Price (BTC) Still In Bull Trend According to macd, Accumulate During Correction. In fact, looking back to that time gives a very interesting perspective. Bitcoinist was referencing a MarketWatch source known as Filbfilb, described at the time by fellow-analyst, Parabolic Trav, as very accurate.
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