Peter Brandt Gets Into XRP Prediction Tussle
Legendary commodities trader Peter Brandt has been looking at crypto charts for over a year now, each time getting in and out of traders every few months.
This weekend he took a look at XRP’s current trend, predicted what it might do in the future, and got into a tussle because previous comments of his on the coin were not so positive.
Head and shoulders
On April 9th, as XRP had broken through the 1 dollar mark already, Brandt stated:
In case you trade this (I don’t) Coin is enjoying SEC ruling and the madness of crowds. Weekly chart H&S patterns are too often not to believed. But sometimes they come true. This possible inverted H&S with stunted RS would indicate prices a boat load higher (new ATHs). $XRP.
H&S stands for Head and Shoulders pattern and indeed XRP has since then been going quite parabolic.
In case you trade this (I don't)— Peter Brandt (@PeterLBrandt) April 9, 2021
Coin is enjoying SEC ruling and the madness of crowds
Weekly chart H&S patterns are too often not to believed. But sometimes they come true.
This possible inverted H&S with stunted RS would indicate prices a boat load higher (new ATHs). $XRP pic.twitter.com/TQdEV5j8Dv
This comment did not please all of his fans though, with one of them repeating a narrative Peter had posted as early as 14 March of this year, where he stated:
So, all those who swallowed the $XRP rip-off narrative from @Ripple Labs hook, line and sinker, how’s your stash doing?
Brandt saw it and reminded that follower that he had the right to change his mind which he often does as he’s a swing trader. Furthermore, he explained that:
Few things Creepo Credy and his ban of Cruds fail to point out. 1. I turned the corner on my opinion of XRPUSD as early as last November, 2. XRP has not been a good investment vs. BTC (my main point) and 3. It does not bother me to be wrong.
In the end, Peter said he had enough of all the negative comments he got for his XRP predictions and claimed he would not be commenting on markets whose cultists cannot accept “strong opinions, weakly held” anymore.
Sorry to hear that Peter, I was found your analysis on XRP full of useful information. It’s a shame some let emotions get in the way of trading. Hope you are doing well— Michael Jewett (@MJewett2018) April 10, 2021
Looks like the next comment Brandt makes on XRP or any other crypto will be highly anticipated.