Follow the money.
Reasons for the trade:
- As mentioned above, 18 month accumulation. Weekly OBV is also above its 13 period MA.
- At the - significant traded at this level.
- Willy also above its 13 period MA (first time since the beginning of April)
- in price structure (see chart below)
- Many VPVR gaps above that need filling. Massive gap highlighted by red love heart <3 above.
- BTC dominance chart looking like it has topped out for now, allowing some breathing room for altcoins. Big week from all majors (ETH, XRP, , TRX , LTC) usually leads to the beginning of price action for mid-cap altcoins.
Note: The above is a weekly chart, this idea playing out will take a lot of patience!
December might be a great time for QSP hodlers. ;-)