I believe that this is the start of the second leg down before bottoming out somewhere between $2000-$3000
The markets always seem to go in cycles, you can look back through bitcoins history and see this.
Look at this bitcoin daily candle chart:

and this is where I think we are in the market cycle:

This is why I've put some of my BTC into USDT. The is a crazy game though and you can never be sure, I will be watching the charts closely.
Thanks! Yes i completely agree with you. I traded btc to tether at $4k and I'll try to buy back hopefully soon.
I have too many alts in my portfolio, and not that much money in each, to adopt the same strategy for them. Them, I just hodl