Price will tell you about market moves, but don’t be so naïve as to expect it to always behave predictably. Price is the most important indicator a trader needs, not the convulsion that is technical indicators, Peter Brandt has said in a recent tweet regarding the current value of Bitcoin. Brandt, who has already stated that he was optimistic about Bitcoin hitting a high of $50,000, was replying to another trader’s tweet and described his favourite indicator to monitor. “Price and price alone,” Brandt noted, adding that “indicators are derivatives of price.” Author of The Diary of a Professional Commodity Trader said that an asset’s actual price is what a trader needs to determine the next pivotal move. He believes that there is little need to study so many technical and complex indicators. “It is the price I study“, he said. But he also stated that he is not particularly against derivative indicators, just their overuse in charts. In early May of this year, Brandt tweeted about a Bitcoin price chart that he felt no one could take seriously. The chart in question holds a bearish view on Bitcoin’s post-halving performance but has so many technical indicators as to make it almost illegible.