Peter Brandt, the seasoned crypto & stock trader, just dropped a puzzle on the Crypto Twitter community. Sharing two back-to-back price charts, Peter Brandt cropped out the names & the tickers of these altcoins, leaving market aficionados guessing.
Here’s The Hidden Gems In Peter Brandt’s Cryptic Message
To assess what it is, crypto traders on X employed different techniques. For the first crypto price chart, market watchers detected the multi-year descending channel breakout. The only altcoin that completely matches this technical setup is Bitcoin Cash (BCH).
For the second picture, the long-term symmetrical triangle apex is identical to that of Ripple’s (XRP) coin, locking in the second match. Namely, Peter Brandt singled out these two OG altcoins, framing them as “potential outperformers” during the all-around market despair.
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Known as a Bitcoin (BTC) Maximalist, Peter Brandt often shares his takes on popular altcoins or stocks, sharing his vast trading experience since 1975. Sticking Ripple (XRP) coin on his bullish list implies the trader expects XRP’s price performance to defy the broader trend. Restoring $2.20, XRP’s bulls are likely gearing up for a $3 retest as Ripple-based ETFs pick up pace.
Certainly, Bitcoin’s lesser-known counterpart Bitcoin Cash (BCH) is derived from the same code, but the network split hasn’t brought the same results, which hints at unrealized potential if traders carry on using BCH as a hedge against market volatility. Trading at $520, BCH outperformed BTC this month, whipping up 7% to Bitcoin’s 20% downturn.
On The Flipside
- Peter Brandt is still holding nearly half of his digital asset portfolio in Bitcoin (BTC) despite the bullish takes on some major-cap altcoins.
Why This Matters
Traders with such expertise like Peter Brandt tend to catch on market dynamics sooner than retail. In this case, the prediction is based on the fundamentals, rather than pure speculation.
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A 50-year veteran trader who’s been reading charts since the 1970s. Called Bitcoin’s 2017 top, gold moves, and plenty of crypto swings. When he speaks, pros listen.
Two unlabeled charts with the caption “these could do quite well in the coming weeks/months.” Crypto Twitter instantly decoded them as XRP & Bitcoin Cash (BCH).
A massive multi-year symmetrical triangle on the monthly chart. Price is sitting on strong support around $2.00 and he expects a breakout toward $2.60+ soon.
Cleaner weekly chart with higher lows and a potential for strong upside performance, even if the broader digital asset market stays choppy.
Brandt’s message is basically “don’t despair.” While BTC could dip further, some alts can decouple and run on their own steam.
