My personal opinion is that this will be a correction that will last for a few days. I then hope the market actually goes sideways for a few weeks to consolidate and then starts to move up again. I would be really worried about a large bear market between the 250 - 500 billion range if it continues to shoot up like it has.
If you haven't watched the video yet, Chris Dunn talks about each scenario.
RE: How To Prepare For The Coming Cryptocurrency Bear Market