Veteran Trader Who Predicted Bitcoin (BTC) 2018 Collapse Unveils Massive Downside Target for Ethereum (ETH)

Veteran Trader Who Predicted Bitcoin (BTC) 2018 Collapse Unveils Massive Downside Target for Ethereum (ETH)


The seasoned trader who nailed Bitcoin’s more than 80% drop during the 2018 bear market is warning Ethereum investors that ETH could see a massive 70% devaluation from current prices.

Peter Brandt tells his 661,800 Twitter followers that leading smart contract platform Ethereum has broken down from a head and shoulders formation and could now be en route to the pattern’s classical charting target.

“The chart suggests a target of $300. Targets are not sacred – sometimes they are hit, sometimes not, sometimes exceeded. But for now, I would not buy ETH with my enemy’s money ETH.”

Trending: President Trump on ‘Roe v. Wade’ Repeal: ‘God Made the Decision’

Source: Peter Brandt/Twitter

Earlier this month while Ethereum was trading above $1,700, Brandt noted that Ethereum may be trading in a descending triangle pattern and could drop

Continue reading


 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

Thanks for sharing!
Send this to a friend