Why a single coin is not touched by the bitcoin correction

Since yesterday a little bitcoin correction has been introduced. After a peak of over 11000 USD the first major sells were triggered and dragged down the price to 9000 USD. It's in the altcoins nature, that fast bitcoin dips also bring down the prices of altcoins. The result is a massive price decline in the whole crypto currency world. It's surprising that one coin seems to be spared from this. It's name is DeepOnion.

In the following I want to elaborate the reasons why Onion maintains to stabilize the current price.
The recent weeks show a specific pattern of the Onion buy and sell behavior on Cryptopia.
The growing attraction towards DeepOnion led in an increasing demand of Onions while the sell depth wasn't touched. The competition for the rare Onions in sell orders continued in an increasing Onion price. In this stadium the price reached 1 Dollar triggered the sell border for some people. The sell depth accumulated even though it still didn't balanced with the buy orders. Since the break of the dollar border happened one day before the airdrop, it seems natural that many people still waited for selling to prevent breaking the "No Move"-period.

According to this assumption the demand in selling should have increased on the following days. The volume graph can confirm. In this stadium the price touched even the 1,5 Dollars and result in a stronger flood of sell orders that compensated the buy depth. The volume peak in this cycle was reached and the price stabilized.

To summarize this we can see a natural cycle of market behavior:

1. Increasing buy orders
2. Competing of buy orders leds to higher buy orders; the price raises.
3. The higher price triggers more sell orders.
4. The buy depth gets compensated; price stabilizes.

What is this telling us for the future?
In the altcoin market the altcoin price should decline facing a bitcoin dip like the one we are experiencing now. Nevertheless the Onion price is overall untouched by the rest of the market.
The reason is the introduction of a new cycle: The sellers of the current price are satisfied. Fulfilled sell orders don't result in new sell orders. This leads currently in a shrinking sell depth while it seems that buy orders are still not satisfied buy the recent sell period. The market starts to unbalance again, the competition in buying onions is getting stronger.

As Onion holders this is good news, because bitcoin dip is compensated by the high Onion demand. It also holds out an another price raise in the future. If Bitcoin recovers an increased Onion price of 2 Dollars is definitively conceivable. At this price sell orders will probably start to compensate the demand again and cycle can start again.