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.