When looking at financial charts, my favorite is a daily bar chart. Frequently these daily actions are colored green if the price action is positive and red if the price action is negative. By simply counting the number of consecutive colored bars, it is possible to anticipate an upcoming change in direction. 
This is not really technical analysis. It is a personal observation technique.
Below is the current chart for Bitcoin:
Notice we are in the fifth consecutive green day. We are also very near an emotional level of resistance level of 10,000.
Do you sense the need for a red bar or two? We are also approaching Christmas. Tommy wants a new drone hovering toy. I think people everywhere will take some profits. This profit taking might cause a few consecutive red days. Like I said, this is not 'technical' analysis.
Yesterday I sold a bit too early. Does that make me a leading indicator?
It is fun to watch, learn and play. I saw last evening that Greg Mannarino closed his entire Bitcoin position for a short time. He is a professional trader. His insight is much more developed. You can follow him at @marketreport
Here is today's beauty.
Those recent green bars are scary to some, but I'm indifferent. If it pulls back to $7,500 or so, it's no big deal because it'll be back to 9k in a few weeks after like it never happened. I personally want the price to stay down so it'll allow some of my friends and family to be able to get involved. Once they see 5 figures, I fear they'll psychologically skip out or try to wait on the sidelines for a dip that might not be coming after any correction after 10K.
I agree with your opinion. The coming holidays can bring with it some fall in the course.
Especially liked today's beauty.