SEC rejected the Winklevoss Twins Bitcoin earlier today.
This makes BTC short term , with downside targets from 780-880.
However, we are still on the larger timeframe, with possibility of SegWit activation if Core vs BU can settle their issues, Rootstock release scheduled for May 2017, and the viability of this technology to revolutionise countless industries is beginning to be understood by the early majority.
In the meantime, let's enjoy the Altcoin party or sit tight in USD with bids in place.
Trade safe and don't forget to take profits!