This has gone beyond healthy correction now and this has been too much FUD added onto correction and so its a waiting game now. There is Elliot Wave being looked at with crypto market, more in depth tech analysis to be considered if crypto market will fall back on as opposed to simple averages.
Also more FUD with tether pumping bitcoin to shoot up as it did in the past 2 months. What i will say is, bitcoin has broken its most critical simple moving average a few times before and has always bounced back greater. I believe this is one of those times and until we see a real recovery, alt coin market will be mostly downtrend for the most part.
I am not phased however and believe market will get back on track and until then. Collective positive thinking is key to how soon market will recover because tech analysis was formed via human psychology and reactions and there is people's reaction to FUD that gears them toward how they trade.
For now, stay tuned and believe all will be well! Think Warren Buffett, specifically his story wit coca cola in respect to the crypto market right now. If you do not know Warren, i suggest googling him. Very inspirational individual to exist in my opinion and a great person to at during these times. :)