I am not that good at charts... But on the daily don't we need to bounce pretty close to ... um... here?
42k imo. If it goes below that, it’s done.
And I’m telling you... Alts should start decoupling from BTC and ignore however it moves in the market. If it wants to go down, k... The rest should move on up without it.
I think you *want* an alt flippening. From listening to what you say. Seems like you want to "stick it to the arrogant maxis". And you could be right.
I see some differences in areas of support/resistance.
I see decent local support between 40500 and 41500 reaching back to a couple higher volume events in June and July.
I see the lower end of that action providing really good strong support between 37000 and 38500.
And the high side there is fairly strong resistance at 50k-53k.
With the way we are acting off the 50dma test i would say the bias is more down than up sadly.