(NFA/DYOR) BTCUSD: 50/200 day SMA death cross doesn't worry meThis cycle has shown us something not seen in previous cycles; we've had two major mid-cycle crosses of the 50 day SMA below the 200 day SMA already. It doesn't necessarily mean that it's meaningless or worth completely ignoring, but what it does tell me is that there's a good chance this is not the end of the bull market and that the 50/200 day SMA death cross probably isn't the death sentence some may make it out to be. Considering the rapid pace at which we jumped from 20k to 60k, a mid-cycle correction after that hasty runup to consolidate a bit before heading up again doesn't sound out of the question to me.
