The market is consolidating right now. We can not really determine if it is over or it is just starting. The main indicator for me before I trade again during this consolidations of the different alts is when it breaks to a certain resistance or support. That would determine if it will go back up or start to crash.

Although I am still doing small trades during the consolidation, I am extra cautious as anytime prices of alts may crash. I try to check all studies and parameters in different timelines to see what could be the possible result after this consolidation period. It really is a waiting game for a lot of traders and people will start to move if there will be a break in either the support or resistance.