Peter Brandt is an iconic dealer who prior to now called the dramatic fall to the Bitcoin bear market bottom, practically a yr forward of time. Could the commodities dealer with many years of expertise in all issues markets – who has for certain seen a factor or two in his profession – now be forewarning of an alleged collapse of the favored cryptocurrency alternate Coinbase?
His tweets seem to suggest so, calling into query a number of mounting considerations associated to the corporate. Here’s what’s happening relating to the daring claims made by Brandt, and what Coinbase may allegedly be hiding.
Career Trader Makes Bold Calls, Accurately Predicts Bitcoin Bottom One Year Out
Words can carry lots of weight. They include much more significance relying on the mouth they’ve come from, and depending on that person’s experience or clout.
When it involves pure classical technical evaluation, few would argue that Peter Brandt is among the best of the best living today. He’s acquired practically 50 years buying and selling and speculating below his belt, and he’s charted every part from corn to manure, to after all, Bitcoin.
Related Reading | Peter Brandt Calls For 80%+ Bitcoin Price Decline Over A Year Ago With Chilling Accuracy
Brandt has been a public supporter of the main cryptocurrency by market cap, however has additionally been labeled a “hater” as a result of his sometimes painful calls that deliver exuberant traders again to actuality – one thing they have an inclination to not like.
Brandt was labeled as such after calling for a drop to under $4,000 in January 2018, practically a full yr earlier than the cryptocurrency reached such a backside of the bear market.
His expertise permits him to see issues that others can’t, however are his newest claims over Coinbase points correct?
Brandt's calls have had wizard stage accuracy prior to now as a result of his expertise | Source: BTCUSD on TradingView.com
Peter Brandt Slams Crypto Exchange Coinbase Over Concerns, “Signs Of Trouble Ahead”
Peter Brandt went on a tirade on Twitter lately, blasting popular cryptocurrency exchange Coinbase and its CEO Brian Armstrong with a string of presently unsubstantiated claims.
Brandt warns that in his time in markets, he’s witnessed three main brokers go below, and that every offered the identical clues forward of time that Coinbase currently is.
After itemizing a number of “signs of trouble ahead” Brandt tagged the SEC and FINRA Twitter handles asking for a deeper dive into the corporate forward of any IPO.
Related Reading | Massive Coinbase Outflows Suggest Bitcoin Price Is Ready To Bounce
Brandt’s lash out was ultimately tempered, as a substitute forsaking tweets with a extra “wait and see” tone. He admits he’s acquired no insider data of such a state of affairs current – only a sturdy opinion he says will get even stronger when his expertise with previous brokers gives all of the conviction wanted.
Coinbase has solely had a transparent observe document up to now, and whereas it has been topic to controversy surrounding charges and even unscheduled downtime, there’s by no means been any proof of any wrongdoing. Brandt’s foresight has been correct prior to now – is he as soon as once more seeing one thing the remainder of the market can’t?
Featured picture from Deposit Photos, Charts from TradingView.com
