Are We About to Get the Second Wave of Selling BTC? by cryptictruth

View this thread on: hive.blog | peakd.com | ecency.com

hive-167922 · @cryptictruth · Jan 12 '21

$6.58

Are We About to Get the Second Wave of Selling BTC?

Bitcoin's price recovered on a bit this morning to about $36,000 after sliding to about $30,000 on Monday. That continues and BTC is sitting at $34,400. So can we expect more selling or are we going to recover and go back to the highs?

![Screen Shot 20210112 at 4.16.47 PM.png](https://images.hive.blog/DQmTewFSSDECt3u3r7QM5299SVUTuF1wVPZwwBWt2a2yoG9/Screen%20Shot%202021-01-12%20at%204.16.47%20PM.png)

Looking on longer and medium timeframes I think we will get another run towards the high, but there is a good chance it's a dead cat bounce and after the dust settles we trade around the $25,000 mark. BTC has risen more than 13% in a week, 92% in a month, and about 340% in a year which for any investment is amazing.

![Screen Shot 20210112 at 4.17.21 PM.png](https://images.hive.blog/DQmYRmEyN6anCDoMSQ9NWGsYRjeGiG3F7P12rc1YnRjDiuN/Screen%20Shot%202021-01-12%20at%204.17.21%20PM.png)

I think a major factor that is still unknown is if we will see the central banks continue to flooded markets with money due to the coronavirus crisis. If this happens I think it may be the catalyst to push us back to the highs eliminating the dead cat bounce as investors look for gains as the banks erode more value from the dollar and people invest their stimulus money.

The real fear is we get a repeat of the last boom and bust cycle were so many of us were burned. It's a real fear and there are two thoughts on the current market. One being enthusiast saying this time is different because we have institutional adoption. While the other is saying that bitcoin is the next dot-com bubble which is currently bursting. I am cautiously optimist that this time is different, but you can't be so stuck in your ways when trading. I'm trying to trade the charts.

The charts showed we would get a pullback after we passed $40,000 so this drop has not concerned me yet. I think if BTC breaches $30,000 we will get an acceleration selling. My average is well below $20,000 so I'm I have a stop on $30,000 to lock in some gains.

I think the next couple of weeks will be critical for BTC and the alt-coin season we are all hoping for.

I will say I did pick up about $2,000 of ALGO to collect the APR while it is range bound between $0.39-0.43. I'll be waiting to see what happens over the next couple day, but at this point it's looking like i might take some cash and buy some more Hive/LEO if the market does not continue it's bullish move.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@cryptictruth/are-we-about-to-get-the-second-wave-of-selling-btc)

👍 leo.voter, pouchon, redes, steembasicincome, rynow, louisthomas, sbi2, rokairforce, bozz, navyactifit, jasonbu, ninnu, roleerob, lexilee, thisisawesome, gamer00, ctpsb, leofinance, chairmanlee, yisunshin, hivetrending, pearltwin, militaryphoto, rokarmy, danile666, julialee66, andylein, engrsayful, gadrian, kaylinart, wnfdiary, eaglespirit, actioncats, paragism, he-index, thegreens, mightynick, hashkings, snoochieboochies, ronaldoavelino, travelwritemoney, the.success.club, dinglehopper, bengy, momijiscrypto, filosof103, smitop, dgi, thinkwise, megavest, travelnepal, beehivetrader, alokkumar121, fredkese, sokoloffa, roknavy, babytarazkp, mazzle, zerotoone, sbi-tokens, jackramsey, handtalk5, joelagbo, duckmast3r, and 65 others

`author`	cryptictruth
`permlink`	are-we-about-to-get-the-second-wave-of-selling-btc
`category`	hive-167922
`json_metadata`	{"app":"leofinance/0.2","format":"markdown","tags":["bitcoin","leofinance","crypto","money","finance","ocd","gem","investing","posh","algo"],"canonical_url":"https://leofinance.io/@cryptictruth/are-we-about-to-get-the-second-wave-of-selling-btc","image":["https://images.hive.blog/DQmTewFSSDECt3u3r7QM5299SVUTuF1wVPZwwBWt2a2yoG9/Screen%20Shot%202021-01-12%20at%204.16.47%20PM.png","https://images.hive.blog/DQmYRmEyN6anCDoMSQ9NWGsYRjeGiG3F7P12rc1YnRjDiuN/Screen%20Shot%202021-01-12%20at%204.17.21%20PM.png"]}
`created`	2021-01-12 21:44:27
`last_update`	2021-01-12 21:44:27
`depth`	0
`children`	6
`last_payout`	2021-01-19 21:44:27
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	3.314 HBD
`curator_payout_value`	3.270 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	2,570
`author_reputation`	176,593,840,142,394
`root_title`	"Are We About to Get the Second Wave of Selling BTC? "
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	101,343,807
`net_rshares`	29,737,787,361,602
`author_curate_reward`	""

properties (23)vote details (129)

voter	rshares	pct
kaylinart	11,863,617,884	7.5%
sokoloffa	3,561,620,650	7.5%
joshglen	843,351,240	7.5%
psygambler	1,045,517,220	7.5%
randomblock1	1,084,354,292	15%
rynow	220,469,198,220	100%
gamer00	48,328,350,875	5%
redes	1,496,870,399,948	24%
ahmadmanga	1,599,886,149	17.5%
ambyr00	1,051,384,512	0.75%
travelnepal	4,467,798,360	7.5%
pouchon	3,760,211,747,096	100%
louisthomas	216,738,622,402	100%
zerotoone	3,092,952,755	7.5%
gingerninja	1,877,605,459	10%
duckmast3r	2,513,207,950	5%
thegreens	8,830,279,183	10.5%
momijiscrypto	6,662,877,001	100%
madstacks	1,186,711,927	7.5%
jasonbu	72,550,612,290	50%
jonyoudyer	2,446,267,510	10%
a-alice	1,816,308,504	7.5%
bahagia-arbi	1,598,899,974	12.5%
voxmonkey	924,470,039	100%
roleerob	63,065,798,127	12.5%
suheri	630,228,989	7.5%
thedarkhorse	601,494,699	1%
dinglehopper	6,973,388,152	10%
cjsean	699,856,241	10%
mazzle	3,236,769,225	100%
fredkese	3,912,305,145	11%
smitop	6,478,762,465	100%
danile666	22,462,526,131	14.25%
steembasicincome	510,738,178,169	100%
eaglespirit	10,346,475,986	5%
wnfdiary	10,502,316,935	9%
dynamicgreentk	1,409,896,024	15%
bengy	6,971,697,227	5%
thehoneys	1,022,014,300	3.75%
yadah04	1,022,293,816	7.5%
allyson19	2,178,573,864	10%
bozz	137,225,733,249	20%
tamala	613,092,059	3%
joelagbo	2,541,667,574	7.5%
evlachsblog	1,350,510,922	5%
shaheerbari	1,865,528,126	10%
nikema	1,306,645,401	50%
ronaldoavelino	8,321,018,569	1%
sbi2	197,025,009,821	72.51%
paragism	10,107,774,634	7.5%
gadrian	12,728,618,044	8%
sustainablelivin	809,789,558	7.5%
chairmanlee	35,739,641,771	12.5%
julialee66	21,538,613,592	12.5%
msearles	1,985,848,488	15%
ikarus56	1,605,685,172	8%
mightynick	8,666,447,747	12.5%
rachelleignacio	712,024,947	7.5%
adam.tran	1,087,832,258	7.5%
sgbonus	2,156,910,160	1%
dynamicsteemians	1,902,407,028	15%
dgi	6,427,797,180	15%
steemian258	768,155,283	7.5%
angelica7	1,863,975,625	2.25%
thinkwise	6,118,066,193	12.5%
lexilee	54,491,143,951	12.5%
militaryphoto	24,584,717,450	12.5%
yisunshin	32,415,689,795	12.5%
rokarmy	22,615,926,380	12.5%
roknavy	3,507,349,416	6.25%
rokairforce	137,935,533,952	6.25%
honeycup-waters	1,690,820,698	7.5%
quatro	803,407,514	10%
tdas0	1,978,134,521	40%
london65	1,070,802,609	10%
alokkumar121	4,019,864,259	2.5%
handtalk5	2,621,045,449	100%
the.success.club	7,175,711,169	7.5%
hedidylan	783,116,138	10%
navyactifit	125,124,099,600	12.5%
cabalen	929,351,814	10%
jadung	1,107,660,078	10%
hashkings	8,626,150,832	3.75%
theithei	980,271,494	10%
denizcakmak	1,024,443,124	100%
jackramsey	2,658,182,761	12.75%
filosof103	6,594,061,102	7.5%
engrsayful	14,746,428,194	15%
megavest	4,845,812,808	25%
gadrian-sp	1,096,323,552	8%
pearltwin	26,485,854,661	12.5%
iktisat	582,337,146	100%
thisisawesome	48,458,091,563	10%
travelwritemoney	7,183,083,682	25%
moneyuntapped	1,477,631,066	100%
shookt	577,807,821	7.5%
psyo	752,569,968	7.5%
tiffin	1,403,628,354	25%
abh12345.leo	404,772,800	25%
leo.voter	21,955,944,232,833	25%
bala-leo	831,847,628	25%
fredkese.pal	541,659,278	100%
learn.leo	529,383,595	25%
babytarazkp	3,329,897,835	40%
sbi-tokens	3,041,024,206	35.19%
bastionpm	980,368,139	25%
mk-leo-token	230,073,673	100%
andylein	15,927,597,748	20%
hongdangmu	833,918,091	12.5%
snoochieboochies	8,420,577,722	12.5%
toni.curation	141,590,059	4%
bilpcoinbpc	721,333,410	7.5%
groove-logic	563,232,577	7.5%
leofinance	39,095,172,991	25%
hivetrending	31,085,595,450	25%
ninnu	66,437,123,280	15%
actioncats	10,229,509,435	15%
beehivetrader	4,315,880,989	12.5%
jsalvage	1,219,569,680	7.5%
sevenoh-fiveoh	620,197,374	7.5%
vtol79	757,205,413	100%
beemd	515,731,320	20%
leoneil.leo	83,729,458	25%
ctpsb	39,985,448,655	2%
netaterra.leo	558,766,966	22.5%
he-index	9,350,991,192	20%
ctpsb.leo	640,219,001	100%
torrey.ctp	1,046,496,324	50%
ctpsb.cut	699,751,223	20%

@bozz · Jan 13 '21

I was just commenting on another post that I need to get my funds in order on Coinbase so I can make a purchase if the price drops again.  I don't want to be left out in the cold.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@bozz/re-cryptictruth-6jww9d)

properties (22)

`author`	bozz
`permlink`	re-cryptictruth-6jww9d
`category`	hive-167922
`json_metadata`	{"app":"leofinance/0.2","format":"markdown","tags":["hive-167922","leofinance"],"canonical_url":"https://leofinance.io/@bozz/re-cryptictruth-6jww9d"}
`created`	2021-01-13 14:12:06
`last_update`	2021-01-13 14:12:06
`depth`	1
`children`	0
`last_payout`	2021-01-20 14:12:06
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.000 HBD
`curator_payout_value`	0.000 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	274
`author_reputation`	1,477,175,293,019,499
`root_title`	"Are We About to Get the Second Wave of Selling BTC? "
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	101,352,330
`net_rshares`	0

@handtalk5 · Jan 12 '21

Yesterday I had a hunch, today the charts speak a clear language to me:
https://leofinance.io/@handtalk5/run-the-crash-is-coming-announcing-the-bear-trap

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@handtalk5/re-cryptictruth-2s87rn)

properties (22)

`author`	handtalk5
`permlink`	re-cryptictruth-2s87rn
`category`	hive-167922
`json_metadata`	{"app":"leofinance/0.2","format":"markdown","tags":["hive-167922","leofinance"],"canonical_url":"https://leofinance.io/@handtalk5/re-cryptictruth-2s87rn","links":["https://leofinance.io/@handtalk5/run-the-crash-is-coming-announcing-the-bear-trap"]}
`created`	2021-01-12 21:52:06
`last_update`	2021-01-12 21:52:06
`depth`	1
`children`	1
`last_payout`	2021-01-19 21:52:06
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.000 HBD
`curator_payout_value`	0.000 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	253
`author_reputation`	15,801,771,050,663
`root_title`	"Are We About to Get the Second Wave of Selling BTC? "
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	101,343,934
`net_rshares`	0

@cryptictruth · Jan 12 '21

That's definitely a possibility but I don't nickel dip is low as you're saying. I think sub 20,000 is long gone.

properties (22)

`author`	cryptictruth
`permlink`	re-handtalk5-qmuel0
`category`	hive-167922
`json_metadata`	{"tags":["hive-167922"],"app":"peakd/2021.01.3"}
`created`	2021-01-12 22:31:48
`last_update`	2021-01-12 22:31:48
`depth`	2
`children`	0
`last_payout`	2021-01-19 22:31:48
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.000 HBD
`curator_payout_value`	0.000 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	113
`author_reputation`	176,593,840,142,394
`root_title`	"Are We About to Get the Second Wave of Selling BTC? "
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	101,344,484
`net_rshares`	0

@momijiscrypto · Jan 12 '21

$0.04

Currently just sitting back and watching the chart every so often. Can't exactly say whether or not we will see a repeat of the last downturn, but I'm trying to be prepared in case it does happen. After seeing it hit $30,000 I was expecting to see it swing back up to $37,000 before settling down around $27,000.

If we do see another bear market, I look forward to alts dropping alongside bitcoin. I've got to get some more Hive and a few others.

👍 cryptictruth

`author`	momijiscrypto
`permlink`	qmudo7
`category`	hive-167922
`json_metadata`	{"app":"hiveblog/0.1"}
`created`	2021-01-12 22:10:30
`last_update`	2021-01-12 22:10:30
`depth`	1
`children`	1
`last_payout`	2021-01-19 22:10:30
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.021 HBD
`curator_payout_value`	0.021 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	447
`author_reputation`	7,098,316,226,629
`root_title`	"Are We About to Get the Second Wave of Selling BTC? "
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	0
`post_id`	101,344,197
`net_rshares`	335,088,405,806
`author_curate_reward`	""

properties (23)vote details (1)

voter	weight	wgt%	rshares	pct	time
cryptictruth	0 B		335,088,405,806	100%

@cryptictruth · Jan 12 '21

I've got a good shopping list too. I would like the market to keep going up becuase gains are getting moved here. The more the better, right?

properties (22)

`author`	cryptictruth
`permlink`	re-momijiscrypto-qmugtq
`category`	hive-167922
`json_metadata`	{"tags":["hive-167922"],"app":"peakd/2021.01.3"}
`created`	2021-01-12 23:20:15
`last_update`	2021-01-12 23:20:15
`depth`	2
`children`	0
`last_payout`	2021-01-19 23:20:15
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.000 HBD
`curator_payout_value`	0.000 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	142
`author_reputation`	176,593,840,142,394
`root_title`	"Are We About to Get the Second Wave of Selling BTC? "
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	101,344,967
`net_rshares`	0

@poshbot · Jan 12 '21

https://twitter.com/cryptictruth1/status/1349110037256536072

properties (22)

`author`	poshbot
`permlink`	re-are-we-about-to-get-the-second-wave-of-selling-btc-20210112t214456z
`category`	hive-167922
`json_metadata`	"{"app": "beem/0.24.8"}"
`created`	2021-01-12 21:44:54
`last_update`	2021-01-12 21:44:54
`depth`	1
`children`	0
`last_payout`	2021-01-19 21:44:54
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.000 HBD
`curator_payout_value`	0.000 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	60
`author_reputation`	5,554,335,374,496
`root_title`	"Are We About to Get the Second Wave of Selling BTC? "
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	101,343,814
`net_rshares`	0