On Jan. 23, Peter Brandt took to Twitter to show his dissatisfaction with the way U.Today covered his recent analysis pertaining to XRP. The legendary trader believes that his words were misinterpreted, and XRP is not up to a big move (at least, not in his predictions).
There are things I like and dislike about social media.
— Peter Brandt (@PeterLBrandt) January 23, 2019
Dislike -- being misrepresented. $XRP is coiling up but in no way did I suggest a big move up soon. https://t.co/pEJI5J877C
The initial U.Today article mentioned the fact that the expression ‘coiling up’ was used from the perspective of technical analysis (thus, it should not be taken literally).
Coiling up is related to the trading signal that is an indicator of volatility and not bullish or bearish moves.
Coiling action is predicated on the volatility of a stock and is not in any way a harbinger of future price direction
However, the author of the article still assumed that there indeed could be a price spike due to positive news surrounding the second biggest cryptocurrency by market capitalization.
If Mr. Brandt’s opinion was represented in the wrong way, U.Today apologizes for doing so. Our online publication stands for objective and fair-minded journalism.
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.
Valeria Blokhina
Gamza Khanzadaev
Dan Burgin
Vladislav Sopov