Veteran trader Peter Brandt has warned cryptocurrency investors about the cyclic nature of Bitcoin’s (CRYPTO: BTC) market behavior. What Happened: Brandt refers to a pattern he denotes as “Hump with a Slump then a Pump and a Dump” (HSPD), suggesting that inexperienced investors often fall victim to this cycle, buying in during the hype of a ‘pump’ only to incur losses when the market “dumps.” “The old “Hump with a Slump then a Pump and a Dump” is back — and this is the price behavior that separates Chumps from their money,” he tweeted. Brandt urged investors to study Bitcoin’s major bull runs …

Read More