BTC.A Peter Brandt tweet

Peter Brandt tweet ( twitter.com/PeterLBr.../1175399813640282113 )
One thing I have learned from 45 years of trading:
Markets have a tendency to do what the most number of market participants least expect and don't want to happen.
Descending triangles are most often bearish.

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What do you make of it?

Kommentera:

After listening to Peter's explanation (on youtube), this round was the 4th parabolic move and he says there are 2 possible scenario's at play at the Macro Level
1) the 4th parabolic move is complete so this is a blow-off with this large formation
2) this is still part of the 4th parabolic move as per charts below as with BITSTAMP (last) chart

Kommentera:

One can argue that the head and shoulders move did play out