Career Commodities Trader Warns Bitcoin Community Over Coinbase Concerns

Tony "The Bull" Severino

Last Updated: June 11, 2024 2:14 pm

3 mins read

bitcoin coinbase crypto warning concerns

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Peter Brandt is an iconic trader who in the past called the dramatic fall to the Bitcoin bear market bottom, nearly a year ahead of time. Could the commodities trader with decades of experience in all things markets – who has for sure seen a thing or two in his career – now be forewarning of an alleged collapse of the popular cryptocurrency exchange Coinbase?

His tweets appear to imply so, calling into question several mounting concerns related to the company. Here’s what’s going on regarding the bold claims made by Brandt, and what Coinbase could allegedly be hiding.

Career Trader Makes Bold Calls, Accurately Predicts Bitcoin Bottom One Year Out

Words can carry a lot of weight. They come with even more significance depending on the mouth they’ve come from, and depending on that person’s experience or clout.

When it comes to pure classical technical analysis, few would argue that Peter Brandt is among the best of the best living today. He’s got nearly 50 years trading and speculating under his belt, and he’s charted everything from corn to manure, to of course, Bitcoin.

Brandt has been a public supporter of the leading cryptocurrency by market cap, but has also been labeled a “hater” due to his sometimes painful calls that bring exuberant investors back to reality – something they tend not to like.

Brandt was labeled as such after calling for a drop to under $4,000 in January 2018, nearly a full year before the cryptocurrency reached such a bottom of the bear market.

His experience allows him to see things that others cannot, but are his latest claims over Coinbase issues accurate?

Brandt's calls have had wizard level accuracy in the past due to his experience | Source: BTCUSD on TradingView.com

Peter Brandt Slams Crypto Exchange Coinbase Over Concerns, “Signs Of Trouble Ahead”

Peter Brandt went on a tirade on Twitter recently, blasting popular cryptocurrency exchange Coinbase and its CEO Brian Armstrong with a string of currently unsubstantiated claims.

Brandt warns that during his time in markets, he’s witnessed three major brokers go under, and that each presented the same clues ahead of time that Coinbase currently is.

After listing several “signs of trouble ahead” Brandt tagged the SEC and FINRA Twitter handles asking for a deeper dive into the company ahead of any IPO.

Brandt’s lash out was eventually tempered, instead leaving behind tweets with a more “wait and see” tone. He admits he’s got no insider knowledge of such a situation existing – just a strong opinion he says gets even stronger when his experience with past brokers provides all the conviction needed.

Coinbase has only had a clear track record thus far, and while it has been subject to controversy surrounding fees or even unscheduled downtime, there’s never been any evidence of any wrongdoing. Brandt’s foresight has been accurate in the past – is he once again seeing something the rest of the market can’t?

Featured image from Deposit Photos, Charts from TradingView.com

Tony "The Bull" Severino

Tony "The Bull" Severino, CMT, is a distinguished figure in the cryptocurrency analysis sector, renowned for his in-depth technical expertise and innovative approach to market trends. As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market.
A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony’s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements.

Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions.

In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony’s expertise to guide their trading strategies.

Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies.

Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders.
His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics.

Tony’s nickname, "The Bull," aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice.

In summary, Tony "The Bull" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.

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