Veteran trader and analyst Peter Brandt, citing a formation on the Bitcoin (BTC) chart, warned investors that the price could continue to decline.
Brandt December 16 on his official social media account. in sharingon Bitcoin’s daily chart “Three Blind Mice” He warned his followers against the fall, citing the development of a formation he called the .
Dubbed the “Three Blind Mice” by the veteran trader, the pattern is actually in bull markets. “Three White Soldiers” in bear markets “Three Black Crows” known as and following each other in the same direction of three long-stem candles It is a continuation pattern. In the light of this formation, which is expected to continue the trend in the direction in which it is formed, Brandt, Bitcoin your fall continue he thinks he will.
Social media users who follow Brandt had previously April-May of 2020 similarly in the “Six Blind Mice” into a long formation of three white soldiers he called his reference reminded. Analyst, Bitcoin 9 thousand dollars at the time it was traded at “Six Blind Mice” by pointing out the formation will continue to rise suggested and predicted had been successful.
However, some users did not like Brandt’s analysis. not successful and the name “Three Blind Mice” only made up to be known in the cryptocurrency market. He claimed.
