The more people believe in a big sell-off once the "death cross" occurred (if it even occurs), the less I believe in it.
As we know, 300M new shiny Tethers have been printed not long ago, of which 70M were already sent to the balance and are ready to use at any time (plus many more from PnD profits) Now think guys, how would the party who has the power over the market make the most profit: By letting the price down and let the people re-enter cheap or by "forcing" the people to jump in back at a much higher price? Ask this question to yourself!! Currently it looks to me they're collecting the coins of scared people because the death cross is near.
What is actually this "death cross"? It occurs when the 50 day moving average cuts the 200 MA from above, indicating a longterm bear market going forward. A move to 7200 would confirm the death cross.
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