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29 September 2020

Crypto markets 'between a rock and a hard place,' Peter Brandt says

Crypto markets 'between a rock and a hard place,' Peter Brandt says


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Crypto markets 'between a rock and a hard place,' Peter Brandt says.

Peter Brandt, long-time trader and CEO of proprietary trading firm Factor LLC, recently gave his thoughts on the current crypto market, describing the price action stuck between two difficult giants. .

"Both markets have backed into very heavy support on the weekly chart," Brandt explained. "What I see are markets that are kind of in between a rock and a hard place," Brandt said, noting various significant support and resistance levels on the charts of both assets. "It's not surprising the market now is just kind of drifting without direction."

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cointelegraph.com
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