Peter Brandt says XRP is creating a long-term bull pattern and apologizes for the disrespect of early altcoin investors
The experienced commodity trader Peter Brandt congratulated those who invested in Altcoins early on and who have made enormous profits so far. He admits that he is a little behind the current innovations.
Under that tweet, as if to back up his claims about altcoins, he shared an XRP chart showing a “potential building” pattern.
This is possibly a constructive long term chart pic.twitter.com/byqGQOCfvc
– Peter Brandt (@PeterLBrandt) September 15, 2021
This pattern is known as the inverse Head and Shoulders (iH&S). H&S or iH&S is followed by a reversal of the asset trend when it begins to move in the opposite direction.
In the case of XRP, Brandt said the altcoin has strong upside potential over the long term.
In addition, the trader apologized to all early altcoin investors for his disrespect. He congratulated them on their great success and called them the best representatives of the new generation of market speculators.
“I sincerely apologize for any disrespect to those who stepped on the altcoin train early and made huge profits so far. Congratulations on a job well done. They embody the best of the new generation of market speculators. I myself am lagging a little behind in the new game. “
The screenshot of the above XRP chart was given in response to a suggestion that Peter should join the XRP platoon.
In the past, Brandt has repeatedly expressed his contempt for the Ripple-Linked Coin and urged the SEC to list it as a security long before regulators sued Ripple in late December 2020. However, this year the seasoned trader has repeatedly been bullish. posted tweets about XRP.
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According to U.today