Meet Sloopy. She's a strong independant trendline.
She's been rejecting Bitcoin for almost a year now.
As much as I want them to get together, looks like it isn't going to happen for a while.
Looks like Bitcoin has no choice but to move on now.
That last rejection was BAAAD.
ETHUSD, unlike BTCUSD broke support levels and retraced over 90% from the top. We are likely to see a bottom in the near future. Unless there is a catalyst aka news, breaking support at 150USD is going to be hard.
Most alts exihibit a similar pattern.