Situation starts to resemble the one from beginning of January. Strong, impulse growth of all alts was finishing then. Everyone should feel it was close to an end, but because of FOMO, no one did, a lot of people even margined thinking we have much more growth ahead of us (I did). Then the hard slap came.

Now, when I'm browsing through charts of different alts, technically they all look like nearing the end of correction. It was so long and painful that most of market expects it'll last much longer, even selling to rebut cheaper (not me this time).

Sure, we can and maybe even should have one more leg down on BTC, that would take a form of nice bull wick for alts, but that's it. I guess BTC goes down to more or less 6800, not lower.

Question whether recovery from this mess will be swift or will take long months, that I don't know.