QSP actually hasn’t been looking as bad against BTC vs. some other cryptos lately and we may be closing in on a bottom:
As you can see from the daily scope, most of the selling recently hasn’t been as severe and the selling/buying volume is legit dead. This usually indicates that a bottom is near.
By the looks of it, we should be finding a bottom the first week of October (Horizontal dotted line).This is where we should be seeing a slight uptrend curve to begin. It seems we may have a little downside to go by the estimation of the blue curved line before starting to head back up.
Most of the other alts are still in cliff diving mode so QSP is one of the first to show us what a true bottom looks like. The other cryptos may have a ways to go until their charts start looking like this.
Good luck!
