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Reading: Peter Brandt: Bitcoin and Two Altcoins Are Giving Signals, See
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EdaFace Newsfeed > Latest News > Crypto News > Peter Brandt: Bitcoin and Two Altcoins Are Giving Signals, See
Crypto News

Peter Brandt: Bitcoin and Two Altcoins Are Giving Signals, See

vitalclick
Last updated: October 23, 2024 10:26 pm
3 months ago
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Experienced trader Peter Brandt, Bitcoin (BTC) $66,484 and two other crypto assets, Ethereum (ETH). $2,578 He wrote that Solana (SOL) gave signals for further rise. The comment on the social media account attracted the attention of investors. Since investment strategies created by adhering to such evaluations may result in losses, investors should also do their own research.

Bitcoin’s Consolidation ProcessSolana’s Cup and Handle Formation

Bitcoin’s Consolidation Process

The trader shared a chart showing BTC breaking above the pattern resistance level. However, he stated that Bitcoin must cross the $74,000 mark to officially move into the bull area. Brandt said, “The seven-month inverse expanding triangle pattern continues. “The sequence of lower tops and lower bottoms has not yet been violated since March 2024,” he said.

“Long Bitcoin is my largest speculative position.” –Peter Brandt

Saying that Ethereum broke the bull transformation pattern on the daily chart, Brandt stated that ETH started to rise by closing the H&S (head and shoulders) formation. “ETH closing price chart invert H&S formation. “I have no position in ETH.” he said.

Solana’s Cup and Handle Formation

The trader observed that Ethereum rival Solana (SOL) is exhibiting a cup handle formation. This structure indicates that the asset is taking a break before moving higher.

“LEFT shows possible cup and handle and handle as a rectangle. “I have no position in this cryptocurrency.”

Brandt emphasized that Bitcoin, Ethereum and Solana are currently poised for the most interesting chart developments. He also included other important charts in his list such as Silver and Bitcoin vs gold comparisons.

Summaries Brand is bullish and possible upward movements in the Bitcoin price will positively affect the rest of the altcoins. Signals in three altcoins now indicate that the boring days may be over.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.

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