Veteran commodity trader Peter Brandt just dropped a truth bomb on the latest crypto “genius” theory. Turns out, that “massive” bullish pattern everyone’s hyperventilating about? A total mirage. Classic charting, folks, not a TikTok dance.
Bitcoin may go up
But this is NOT an inverse H&S
The level of incompetence about classical charting principles on X and YouTube is unbelievable– Peter Brandt (@PeterLBrandt) February 17, 2026
Brandt didn’t exactly say Bitcoin is doomed, but he did call out crypto influencers for their “technical analysis” skills-like a toddler judging a Michelin chef. Spoiler: There’s no six-year inverse head-and-shoulders party happening. Unless your idea of a party is a spreadsheet error.
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The viral “6-year” theory
The target was a post from Coinvo Trading, who claimed Bitcoin was about to “bottom” after six years of… whatever that was. Their advice? Ignore “bearish noise.” Sure, because who needs facts when you have a narrative?
An inverse head and shoulders is a thing, yes. But stretching it across six years? That’s not technical analysis-that’s modern art. Brandt, a chartist who’s probably seen the stock market’s worst sides, called it out: “This is NOT an inverse H&S.” Because nothing says expertise like a man who’s never traded a single crypto coin.
He also took a moment to roast the “classical charting principles” discourse on social media. “Unbelievable,” he said, which is generous. If this is the future of finance, send help-or at least a refund.
A “6-year” pattern? Please. The only thing that’s been building for six years is the public’s tolerance for people who think a candlestick chart is a treasure map. If this is a pattern, I’m the Sultan of Brunei.
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2026-02-17 22:41