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CoFo Lab Market Overview: Calm before the Storm?

Analysis and Forecasts
2023-10-25 12:03:40
181

Assets accumulated then formed downward corrections.

CoFo Scout

BTC

Dominant Direction: Short

Dominance Strength: 25% of 100%

Timeframe Dominance: 100% of 100%

ETH

Dominant Direction: Short

Dominance Strength: 6% of 100%

Timeframe Dominance: 58% of 100%

STX

Dominant Direction: Short

Dominance Rate: 28% of 100%

Timeframe Dominance: 91% of 100%

BCH

Dominant Direction: Short

Dominance Strength: 26% of 100%

Timeframe Dominance: 93% of 100%

KSM

Dominant Direction: Short

Dominance Strength: 4% of 100%

Timeframe Dominance: 56% of 100%

Shorts aligned to higher timeframes for now. Global longs still dominate. Strong medium-term sellers. Lower timeframes show decreased short dominance, neutral-short signals — insignificant short indicators.

Short direction dominates. Declining dominance strength. Unlike altcoins, timeframe short sync on BTC.

For buys, global longs must persist. Require long lower timeframe and at least neutral medium-term dominance. With global shorts, shorts can be considered too.

In summary: Short dominance, declining strength, local sideways ranges. Longs only advisable with long lower and neutral medium-term timeframes. Shorts possible with global shorts.

 

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