I talked about Peter a couple of months ago in a post. Peter is not one of my favorite, but one of the greatest macro traders that spot the start of trend before anybody else.
Peter Brandt is a currency and commodity trader with more than thirty years of experience. Although Peter using chart patterns, I have been impressed and have grown to like Peter's ability to break down charts using just one moving average and trend lines.
A couple of months ago, Peter said Bitcoin was in the midst of a parabolic rally, and said Bitcoin was be above $48k as soon as January. His prediction didn't come true, but Bitcoin did rally to $40k by the end of January.
Video Source: https://www.youtube.com/channel/UCDGiWd_SCy69UiOUUQe6kCA
The other day he twitted his new Bitcoin prediction and sees price going to $350k by September.
In the Twit he stated the following:
- I am NOT a $BTC maximalist
- In 46 yrs trading, I've never seen a more exciting market with a similar narrative
- My largest current single non-real estate holding is Bitcoin. Yet, for me, BTC is just another market to be traded, like Beans or T-Notes or Sugar
https://twitter.com/PeterLBrandt?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor
I will be happy if Peter is half right by September.
This post is my personal opinion. I’m not a financial advisor, this isn't financial advise. Do your own research before making investment decisions.
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That is more optimistic than my own target of 250k for this bull market, so if it comes true, there will be a pretty big bonus this cycle. But the chart looks like it's possible.
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Bitcoin to the MMMMOOOOOOOONNNNNNNNNNNNNNNN!!!!!!
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That would definitely be a pretty awesome thing if it reached that point. Even if it was just a couple months later again like his prediction before! What a Merry Christmas that would be!
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That would be a merry, merry Xmas :)
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There's a guy I'm following on twitter @rektcapital who does really great TA and he's quite level headed. According to him we should expect the peak on October 4. Seeing Peter forecasting it for September 21 it's somehow clear that we kind of have a time frame we still can't know for sure what the numbers will be.
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I will have to check out @rekcapital...thanks.
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He's definitely a follow.
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Not a maximalist and projecting $350k BTC by September, hot damn!
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Crazy number I can't imagine in my head, but will be all smiles come this Fall if we can even crack $100k.
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Wow - that really shows for those who say I missed my chance, are just missing it everyday they don't put a little in. While I will likely never have enough for the amount to be life changing, I do think having a little more would be a good idea. If anyone else like TSLA tries to do a billion dollar buy, the price is going to rocket.
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Dollar cost avg. is what I tell all my friends and family...over time, you will be surprise how big the pot gets :)
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Nah, supply to low, public co want btc due to FOMO.
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How would they manipulate the price to keep it low? The only way to do that is to prevent people from buying cryptocurrency is to not process transactions that purchase it. I doubt they'd be able to prevent everyone from buying crypto from every avenue. Even if they found a way to do so, I'd imagine there would be some legal issues. Can a bank tell its patrons "you can't use your money to purchase x, y, z?"
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