GMXBTC looking bullish. It looks like its primed for a reversal using the /BTC as as different POV to see this analysis.
Some of the reasons i like using /btc charts as a different POV are :
1)Benchmarking: /BTC charts can provide a benchmark for measuring the performance of altcoins against Bitcoin. Since Bitcoin is the largest and most well-known cryptocurrency, investors often compare the performance of altcoins to Bitcoin to assess their investment opportunities.
2)Trading strategies: Cryptoinvestors use/BTC charts to develop trading strategies that capitalize on the price movements of both cryptocurrencies. By analyzing the price movements of /BTC, investors can identify trends and patterns that can help them make informed trading decisions.