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Trader Who Nailed 84% Crypto Crash Calls XRP ‘Popcorn Rally’ – Bitcoin, XRP, Ethereum Price Analysis

by Daily Hodl Staff
February 22, 2019
in Trading

A veteran technical trader who called Bitcoin’s big drop in 2018 says XRP is in the midst of a “popcorn rally.”

When asked to clarify what he means, Peter Brandt told fellow traders to “think about it — in a popcorn maker a kernel pops to the top of the pan and falls immediately back down.”

$XRP is undergoing what career traders refer to as a "popcorn" rally pic.twitter.com/ED92iliHKG

— Peter Brandt (@PeterLBrandt) February 21, 2019

Brandt says last year’s dramatic decline in the crypto markets was easy to predict from a technical perspective. As for the year ahead, he says anything can happen, from a Bitcoin drop to $1,200 to a bull run that sees BTC returning to its all-time highs.

Right now, the markets are relatively quiet, with Bitcoin up 0.41% at $3,983, according to CoinMarketCap.

Source: CoinMarketCap

Meanwhile, most technical analysts are leaning bearish in the short term, with Ethereum “taking a break” before its big Constantinople upgrade.

Bitcoin

FXStreet – BTC/USD lethargic under $4,000 – confluence detector

Blockonomi – BTC/USD consolidating near $4,000, preparing for the next crucial break

NewsBTC  – BTC bulls and bears kock horns for next break

XRP

Coinnounce – XRP/USD likely to hit $0.3050 support new upward trend can begin

FXStreet – XRP/USD could see a return to $0.3000

NewsBTC – XRP signaling bearish extension in short term

Ethereum

Bitcoinist – Ether takes a break before Constantinople

Coinnounce – Ethereum confronting a solid resistance close to $150

FXStreet – Constantinople update keeps Ethereum bears at bay

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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