Le commerçant vétéran Peter Brandt partage la «règle de commerce sacrée» alors que Bitcoin tombe, met en garde contre l'achat de la trempette

Veteran Trader Peter Brandt Shares 'Sacred Trading Rule' as Bitcoin Falls, met en garde contre l'achat de la trempette

Veteran trader Peter Brandt has shareda sacred trading rulehe uses in response to a comment about buying bitcoin as the price of the cryptocurrency continues to fall. “Never add to a losing trade,” he affirmed.

Peter Brandt Offers Trading Advice

Veteran trader Peter Brandt has a trading suggestion for anyone considering buying the dip. Brandt has been a futures and FX career trader since 1975. He is a chartist and the author of the Factor Report. He trades a variety of markets, including Dow futures, obligations, corn, crude oil, European wheat, Osaka Dow, NOUS. dollar, and sugar.

Replying to a comment on Twitter stating that there may be additional opportunities for long-term hodlers to buy even cheaper bitcoin in the coming months, Brandt wrote:

A sacred trading rule I have used is never add to a losing trade.

He explained in a tweet that people were saying the same thing about silver futures in 1980 after it topped $50. “lt then sank to a low of $3.65 and did not start back up for 24 années,” il a souligné. The trader clarified, toutefois, that he is not predicting that bitcoin will follow the same path.

The price of bitcoin has fallen significantly this week, losing over 10% in the past seven days. Au moment de la rédaction, the price is $41,657.45 based on data from Bitcoin-Tidings.com Markets.

Brandt commented on bitcoins violation of the parabolic advance on the Bitcoin Live discussion Thursday.

toutefois, he tweeted Friday: “I saw the violation of the parabolic advance and commented on it in real time to members of Bitcoin Live in real time, but in hindsight, I might not have taken the event seriously enough. Nous’ll see.

He followed up with another tweet. En notant que “Some view predictions as aone-and-done’ événement. I am [un] student of Bayesian probability. Predictions and analysis must always morph relative to the events of the time,” he concluded:

When circumstances change, predictions must change. The parabola might not be the driving force in BTC.

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