We were offered greatness and declined So embrace your chosen mediocrity
Shown is the 2016 fractal that many were hoping for. As you can see it matches well with the long-term averages - they are crossing bullish in the same place relative to 2016 This is also the same fractal from the bullrun in 2013 (Note the position of the averages here too.)
But this extremely bullish idea of bullish continuation according to 2013 and 2016 bullrun fractals, was based on maintaining the trend which we have just broken and may well never cross above again.
Far be it from me to say the dream is over, but... crypto ded bro. LOL but who can say...
I suspect we will retest the 200 MA, and if we do we will get a weak bounce and then crash down through it just like Aug 2015 However, this is crypto - we could literally just pump $500 out of nowhere... but that's the hopium talking.