I think @milano1113 describes the situation quite well (see comment a little further above). Even though the underlying fundamentals are bullish, and the charts look strong, negative price action could persist for a while longer. @trendo says pretty much the same thing in a different way. Nothing seems to get a fire lit under these quality issues. That having been said, price is holding up fairly well across the board, or at least that's what the TA is telling us. Patience is the key word I think we all agree on.
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Wow his comment is pretty good and on point, I agree with him regarding how the institutions and big money pumped the price of bitcoin too early to take advantage of the futures market and I guess the professionalization of teasing, at least on the top coins is not a bad thing, there will still be room for wild gains on the alt coin market and new promising ico with good backing.