This is actually a good sign. A healthy pullback is exactly what is needed. Anything that goes straight up without stopping is due to come down just as fast.
Also, it is Christmas time so some profit taking is to be expected. Those new iPhone Xs aren't going to buy themselves!!! Not to mention that any disposable income that was moving into cryptos/investments are being redirected into Merry Consumerism!
I hope you are right, but it feels like a Wall Street beat down.
You are definitely right about "Merry Consumerism" effect.
This is my wife and my's favorite semi-numismatic round. I think it captures so much in a small format.