#altcoins
🐃 Matrixport: Preconditions are forming for a crypto market recovery.

➠ Sentiment remains weak, and trading volumes are near lows. Many traders have shifted to gold and oil – trends are clearer, and volatility is higher than in most altcoins.

➠ However, a thaw is beginning. Bitcoin has been declining for 5 months – a historically rare pattern that often preceded countertrend rallies.

➠ Altcoin market capitalization has also dropped to levels from which cyclical rebounds have historically started.

➠ The altcoin market’s analytical model still hasn’t formally entered bullish territory, but more and more tokens are passing quantitative momentum filters and trading above their 30-day moving averages. Liquidity is improving – inflows of stablecoins to the market are resuming.

➠ Taken together, the signals point to a gradual increase in the likelihood of a broad crypto market recovery.

@Cryptoz