🤑 Brandt’s Bitcoin Blunder: Shorting the Crypto Crown? 🤑

by

Darling, gather ’round! The ever-so-charming Peter Brandt, that doyen of commodities trading, has decided to play a rather risqué tune with Bitcoin (BTC). Yes, my dears, he’s gone and shorted it! 🌪️

Despite being a long-term paramour of the crypto darling, Brandt’s heart now flutters with bearish sentiments, all thanks to the oh-so-dramatic “megaphone pattern.” How très chic! 🎭

“No tips, darlings. It’s simply brutal,” Brandt quipped in a recent social media tete-a-tete. “Bisecting one’s brain? Painful, my loves. It’s like choosing between champagne and caviar-both divine, yet utterly conflicting.” 🥂🍾

Back in August, our dear Brandt whispered that there was a 30% chance Bitcoin had already peaked in this cycle. Yet, the optimist in him still predicted a stratospheric ascent to $500,000 by November 2026. Ah, the sweet contradictions of the trading world! 🎢

The Bearish “Megaphone” Pattern 🎺

Brandt’s latest dalliance is with the bearish megaphone pattern, a broadening wedge that screams, “Volatility, darling, is my middle name!” In Bitcoin’s case, it appears to be a broadening top-a veritable catfight between bulls and bears, each clawing for dominance. 🐂🐻

A daily close below the lower trendline? Why, that would be the dramatic finale, the curtain call for a bearish reversal. 🏹

Do others besides me find it a tad awkward, intellectually/emotionally, when one holds contrary positions in accounts designed to trade different systems/time frames?
As an investor, I’ve been Bitcoin’s devoted suitor for years.
As a swing trader, I’m now short $BTC futures based on this megaphone. 🎷

– Peter Brandt (@PeterLBrandt) October 30, 2025

Bitcoin, that tempestuous temptress, reached a new all-time high of $126,080 on October 6. But, my stars, she’s now poised to end this month in the red-the first October to do so since 2018! Scandalous! 🔴

Earlier today, she plunged to an intraday low of $106,464, only to recover above the $110,000 mark. Oh, the drama! The intrigue! The sheer audacity of it all! 🎭

Read More

2025-10-31 08:41