Don’t Panic — It’s Just a Healthy Crypto Correction!

While the crypto market has seen some red this week, the bigger picture remains intact. Let’s zoom out and make sense of the current correction.
🔸 TOTAL Market Cap (left chart)
The structure remains overall bullish, trading inside the red rising channel.
After a solid rally, the market is currently pulling back toward a strong demand zone – perfectly aligned with the lower trendline. This area is likely to act as a major support, from which the next bullish impulse could kick off.
🔸 USDT Dominance (right chart)
USDT.D remains overall bearish, trading inside the red falling channel.
It’s currently pushing higher toward a well-defined supply zone, which also intersects with the upper red trendline. As long as this area holds, we expect sellers to take over again — giving altcoins the space they need to bounce back.
📌 In simple terms:
The market is in a healthy correction. Don’t let short-term dips shake your long-term view. The trend is still your friend.
➡️ As always, speak with your financial advisor and do your own research before making any investment decisions.
📚 Always follow your trading plan => including entry, risk management, and trade execution.
Good luck!
All strategies are good, if managed properly.
~ Richard Nasr
🔸 TOTAL Market Cap (left chart)
The structure remains overall bullish, trading inside the red rising channel.
After a solid rally, the market is currently pulling back toward a strong demand zone – perfectly aligned with the lower trendline. This area is likely to act as a major support, from which the next bullish impulse could kick off.
🔸 USDT Dominance (right chart)
USDT.D remains overall bearish, trading inside the red falling channel.
It’s currently pushing higher toward a well-defined supply zone, which also intersects with the upper red trendline. As long as this area holds, we expect sellers to take over again — giving altcoins the space they need to bounce back.
📌 In simple terms:
The market is in a healthy correction. Don’t let short-term dips shake your long-term view. The trend is still your friend.
➡️ As always, speak with your financial advisor and do your own research before making any investment decisions.
📚 Always follow your trading plan => including entry, risk management, and trade execution.
Good luck!
All strategies are good, if managed properly.
~ Richard Nasr
Trade Made Simple
RichTL.com
Telegram
t.me/thesignalyst
CFD broker - Tickmill
cutt.ly/TickmillReal
Veles - Create Trading Bots
veles.finance/invite/thesignalyst
RichTL.com
Telegram
t.me/thesignalyst
CFD broker - Tickmill
cutt.ly/TickmillReal
Veles - Create Trading Bots
veles.finance/invite/thesignalyst
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.
Trade Made Simple
RichTL.com
Telegram
t.me/thesignalyst
CFD broker - Tickmill
cutt.ly/TickmillReal
Veles - Create Trading Bots
veles.finance/invite/thesignalyst
RichTL.com
Telegram
t.me/thesignalyst
CFD broker - Tickmill
cutt.ly/TickmillReal
Veles - Create Trading Bots
veles.finance/invite/thesignalyst
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.