Advertisement
AD

Main navigation

Bitcoin Developing “Three Blind Mice” Trading Pattern, Peter Brandt Says. Here’s What It Means

Advertisement
Fri, 16/12/2022 - 18:11
Bitcoin Developing “Three Blind Mice” Trading Pattern, Peter Brandt Says. Here’s What It Means
Cover image via www.youtube.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News

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

Advertisement
BTC
Image by @PeterLBrandt

Even though some of Brandt’s followers assumed that he just made up the name of the chart construction, the commodity trader has repeatedly used the term in the past to describe what appears to be a continuation pattern. 

Notably, the cryptocurrency trader tweeted about the “famous six-blind-mice signal” back in April 2020. Back then, the world’s largest cryptocurrency was gearing up for a massive bull run that started a few months after Brandt shared that chart analysis. 

Related
The construction outlined spotted by Brandt appears to be similar to the "three black crows" pattern, but that pattern consists of three consecutive long-bodied red candles. This is not the case on the chart shared by Brandt. The "three white soldiers" pattern is the opposite of the "three black crows" chart construction, which has three long-bodied green candles. 

Earlier today, the price of Bitcoin dropped to an intraday low of $16,743 on the Bitstamp exchange after Mazars, the French financial auditing firm behind Binance's proof-of-reserves (PoR) audit, abruptly halted all crypto work. 

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

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement
Advertisement

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD