Very simple but important chart. For a reversal to take place:
-BTC needs to break above the downward sloping resistance line. BTC is currently testing the resistance level.
-BTC needs a MACD bullish cross. The lines are tightening, very likely.
-50 EMA and 20 EMA kiss, not cross.
BTC represents the rest of the market...If a trend reversal happens on BTC daily chart, the altcoin market will be bullish.
-BTC needs to break above the downward sloping resistance line. BTC is currently testing the resistance level.
-BTC needs a MACD bullish cross. The lines are tightening, very likely.
-50 EMA and 20 EMA kiss, not cross.
BTC represents the rest of the market...If a trend reversal happens on BTC daily chart, the altcoin market will be bullish.