Bitcoin is developing a three-blind-mouse trading model, says Peter Brandt. Here’s what that means

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Alex Dovbnya

Commodities Trader Peter Brandt Has Posted a Mysterious Chart Pattern, and Nobody Apparently Can Decipher It

In a recent tweet, trader Peter Brandt warned cryptocurrency traders that Bitcoin, the largest cryptocurrency, has formed the three blind mice chart pattern.

Image by @PeterLBrandt

Even though some of Brandt’s followers have assumed he just coined the name for the chart build, the commodity trader has used the term several times in the past to describe what appears to be a continuation pattern.

Notably, the cryptocurrency trader tweeted about the infamous six-blind-mouse signal in April 2020. At the time, the world’s largest cryptocurrency was gearing up for a massive bull run that began a few months after Brandt shared this chart analysis.

The construction described by Brandt appears to be similar to the “three black crows” pattern, but this pattern consists of three consecutive long-bodied red candles. This is not the case on the graph shared by Brandt. The “three white soldiers” design is the opposite of the “three black crows” graphic construction, which features three long-bodied green candles.

Earlier today, the price of Bitcoin fell to an intraday low of $16,743 on the Bitstamp exchange after Mazars, the French financial audit firm behind the Proof of Reserves (PoR) audit. of Binance, abruptly halted all crypto work.

The cryptocurrency market remains down 75.64% from its all-time high of $69,044.

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