We might have a good channel to watch. Looks like price confirmation off of the 50% lower channel. It could also be a 50% measured move retrace confluence, and it's slightly above previous all time highs.

Crypto in general is trading very technically, especially the best prospects, and that usually indicates professional involvement. This is something we've seen for over a year now on the buy side when things are moving up; on the other hand, the downside has been more emotional, in general. I'm looking for a firming of this trend in 2018 - 2018 will be the year of the institutionalization of crypto in my opinion.