That is correct. It is just a correction and that’s it, we have seen a huge increase in many altcoins afterwards and that was a great proof that alt season is in full affect. I understand that not many people may see it that way, but I agree that correction was the proof that we needed and the bull run afterwards is the proof for the alt season as well.

Look at top 10 coins right now, they are all green and they are all doing awesome and the bitcoin dominance is dropping like crazy, just a month ago it was over 55% and now it at around 45% and that means altcoins went up so much. Hell we have seen even Bitcoin cash going up finally, many things went up before that one, XRP as well, those were staying idle during that period and now they are doing awesome. Which is a proof that even coins that didn't went up in the last year (too much at least) are starting to pick up pace.