Peter Brandt shorts Bitcoin as “Uptober” ends negatively
Last Updated on 1 November 2025 by CryptoTips.eu
If even legendary investor and chartist Peter Brandt sees a sell signal in the Bitcoin chart, it might be time to reconsider our positions.
According to Brandt, we can recognize a “megaphone,” which, according to classic candlestick models, indicates a pending decline in the short-term.
Do others besides me find it a bit awkward intellectually/emotionally when you hold contrary positions in accounts designed to trade different systems/time frames?
— Peter Brandt (@PeterLBrandt) October 30, 2025
As an investor I have owned Bitcoin for years
As a swing trader I am now short $BTC futures based on megaphone pic.twitter.com/bZZDwbypSh
Swingtrader
Legendary trader Peter Brandt hardly needs an introduction to the world of crypto. He is the author of several books on trading and the technical analyst profession.
His book, “Diary of a Professional Commodity Trader,” is considered a bible for many in the City of London.
In his heyday back in 2011, he was named one of the 30 most influential people in finance.He was one of the first traditional Wall Street traders to acknowledge Bitcoin’s technical potential and was generally correct about its direction.
Since then, he’s also invested in Bitcoin for the long term, convinced of its potential. In the short term however, as a so-called “swing trader” who frequently changes his position based upon his interpretation of the chart, he now believes Bitcoin will decline. This was after the largest digital currency closed out ‘Uptober’ with a loss of 3.70%. The last time this happened, in 2018, November ended with a decline of some 40%. Hopefully, this isn’t a harbinger of more bad news to come.
