Good thinking. Also something to keep an eye on is as bitcoin pulls back is whether altcoins go with it or not. They are right now, but if bitcoin keeps pulling back, at some point they will stop as some of the money coming out of bitcoin goes into alts. When that starts to happen that may mark a short term bottom. I say short term because if bitcoin shoots back up quickly, it may pull money right back out of alts again.

It's really a fine line until we get bitcoin making new highs and then consolidating... we need people to stop believe that bitcoin is going to keep going higher, and that may not happen for a while. Bitcoin has a lot of runway ahead of it. The altcoin bull markets tend to happen at the end of the bitcoin bull market price cycles, which we are still over a year away from that... so we may have to wait a while before we see any really significant rallies.