Your portfolio seems red? Alts are going down? Seems like the world is falling apart? Don't panic and just chill. The King (BTC) decided to make another attempt to show who is the King in The Kingdom.
What does it mean? We are likely to see Altcoin money flowing back to BTC, as market is hoping to see BTC going over 16800, 17200, 17450 price lines. If that will happen, then we are likely to see 18k. If it won't - then return to 13 - 14k USD levels.
What about alt coins? Majority of tokens which had unstoppable bullish run recently (Enigma, Ripple, Unikoin Gold etc) are going to experience some correction. Watch the resistance lines for BTC: 16500, 17400, 18000, 19200 (No, I will not short my ENG, as its my long-term investment, but I shorted Wings, TenX and couple other smaller tokens)
If BTC will be able to go over 16500 and 17400 (and stay there for at least 4-8 hours) - then we can talk about serious BTC run.
Hard not to panic:((....just look at my posts ....i will concentrate more on steemit and leave the alts rush:)..goodluck my friend!
check out my latest analysis of the market today at https://steemit.com/cryptocurrency/@adventuretours/my-2-cents-of-crypto-1-8-18-fundamental-and-technical-analysis