{"id":415365,"date":"2020-02-20T16:00:16","date_gmt":"2020-02-20T16:00:16","guid":{"rendered":"https:\/\/wncen.com\/?p=415365"},"modified":"2020-02-20T15:11:32","modified_gmt":"2020-02-20T15:11:32","slug":"bitcoin-twitter-tweet-10000-10k-sell","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-twitter-tweet-10000-10k-sell\/","title":{"rendered":"This Insanely Bizarre Signal Called Bitcoin\u2019s Top Three Times In A Row"},"content":{"rendered":"

Yesterday, Bitcoin<\/a> plummeted by over $1,000 in one hour, representing the fifth-largest single one-hour drop in the asset\u2019s young history.<\/span><\/p>\n

And interestingly, it happened mere minutes after this insanely strange sell signal reared its ugly head, marking the third time in a row in a matter of two weeks that the signal worked like a charm.<\/span><\/p>\n

Ironic Tweets Call Bitcoin Top Three Times in a Row<\/h2>\n

Bitcoin<\/a> has been on a moon mission throughout 2020 thus far, rising from lows near $6,800 to as high as $10,500. <\/span><\/p>\n

The rally has added over 40% to the asset\u2019s value in less than 60 days into the new year.<\/span><\/p>\n

Related Reading | Crypto Market Crash: This Technical Structure Puts End to Uptrend\u00a0<\/a><\/strong><\/em><\/p>\n

The surging prices also triggered a golden cross of the 50-day and 200-day moving averages<\/a> \u2013 an incredibly bullish signal.<\/span><\/p>\n

But yesterday at roughly 3:00 PM eastern time, a massive, one-hour long, record-breaking crypto market dump happened, causing asset prices to go tumbling.<\/span><\/p>\n

Bitcoin<\/a> dropped by over $1,000, setting the record for the young, disruptive asset\u2019s fifth-largest one-hour sell candle. <\/span><\/p>\n

The selloff happened exactly three minutes after an ironic tweet was made by cryptocurrency influencer Holdonaut<\/a>.<\/span><\/p>\n

Holdonaut became well known for creating the Bitcoin lightning torch experiment, where one major crypto influencer sent the cryptocurrency to another, creating a domino effect of promotional efforts spreading the word about the second-layer technology.<\/span><\/p>\n

Later, Holdonaut, was threatened with legal action from Bitcoin SV frontman Craig Wright<\/a>, for defamation of character.<\/span><\/p>\n

Now, Holdonaut is in the public eye once again, but this time for signaling the of Bitcoin\u2019s rally not once, not twice, but three total times.<\/span><\/p>\n

Holdonaut over the last two weeks has made three tweets claiming that Bitcoin would never again trade below $10,000.<\/span><\/p>\n

https:\/\/twitter.com\/crypt0fungus\/status\/65039360?s=21<\/p>\n

Each time the tweet was made, Bitcoin<\/a> promptly fell below $10,000.<\/span><\/p>\n

This latest tweet happened just three minutes before the record-breaking crash across the crypto market that wiped billions of value<\/a> in an hour\u2019s time.<\/span><\/p>\n

The ironic tweet acted as a massive sell signal three times running in a matter of two weeks.<\/span><\/p>\n

Jinx! Prediction Track Record Favors Immediate Downside<\/h2>\n

However, the same tweet can be found many times over the last two years of the bear market.<\/span><\/p>\n

Even the most well-respected cryptocurrency analysts across the industry have been incorrect when making that call. <\/span><\/p>\n

\n

#bitcoin<\/a> 200 week moving average growing 5.6% per month … last opportunity to buy #BTC<\/a> below $10k pic.twitter.com\/uEKl24TEYt<\/a><\/p>\n

— PlanB (@100trillionUSD) June 21, 2019<\/a><\/p><\/blockquote>\n