Icx could break out of this descending channel and have a big move upward if bitcoin is making higher highs. If bitcoin falls lower over the coming weeks I would look to to see if ICX tests the mid line of the descending channel, or bottom support of the channel, or even break through and move down to test the .786 fib retracement of the move from Jan 10th to Feb 4th.
Comment:
now is a good time to start accumulating as btc rallies higher, and icx btc drops lower towards the .786. When btc stalls or ends its moves higher, the alts will have a chance to grow but not until then. They will likely continue to fall while btc moves upward