Veteran commodity dealer and chartist Peter Brandt has poured chilly water on bullish theories circulating on social media, warning that the “large” reversal sample merchants are hoping for doesn't truly exist.
Bitcoin might go up
However this $NOT Reverse H&S
The extent of incompetence concerning basic charting ideas on X and YouTube is unbelievable https://t.co/VBT1QTWOeZ?from=article-links— Peter Brandt (@PeterLBrandt) February 17, 2026
Whereas Brandt stopped wanting predicting a worth crash, he took purpose at crypto influencers' technical evaluation abilities, particularly debunking claims that Bitcoin is in a multi-year “inverted head-and-shoulders” sample.
In style “6 years” concept
The accusation was directed at a publish by cryptocurrency analyst Coinbo Buying and selling, who claimed that Bitcoin is about to finish an enormous bullish construction that it has been constructing for six months.
The publish urged merchants to disregard the “bearish noise” and predicted that Bitcoin might “backside any second” and enter a cycle-defining pump.
An inverted head and shoulders is a basic technical setup that sometimes marks the top of a downtrend and the start of a brand new bullish section.
Brandt, a classical chart knowledgeable with many years of expertise, rapidly dismissed this evaluation.
“Bitcoin can go up,” Brandt acknowledged. “However this $NOT Reverse H&S. ”
Brandt went on to specific frustration with the unfastened interpretations of technical evaluation typically seen on social media platforms.
“The extent of incompetence concerning basic charting ideas at X and YouTube is unbelievable,” he mentioned.
The “six-year” sample typically violates the time constraints sometimes related to head-and-shoulders formations, that are medium-term reversal constructions reasonably than decadal cycle maps.
