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CoFo Lab Market Review: The Hidden Movement

Analysis and Forecasts
2023-10-26 14:16:42
188

BTC accumulated, pressing upper limits. Altcoin potential realization emerging.

CoFo Scout

BTC

Dominant Direction: Short

Dominance Strength: 26% of 100%

Timeframe Dominance: 100% of 100%

ETH

Dominant direction: Short

Dominance Strength: 2% of 100%

Timeframe Dominance: 52% of 100%

LINK

Dominant Direction: Short

Dominance Rate: 20% of 100%

Timeframe Dominance: 88% of 100%

BCH

Dominant Direction: Short

Dominance Strength: 22% of 100%

Timeframe Dominance: 94% of 100%

ALGO

Dominant Direction: Long

Dominance Strength: 10% of 100%

Timeframe Dominance: 67% of 100%

Lower timeframe indicator disparity intensifies - confrontation shifts signal directions frequently without dominance strength.

Medium-term shorts weakened slightly with minimal decorrelation but signals remain strong, approaching higher timeframes.

Global signal decorrelation increases - shorts strengthening on some assets, longs on others.

Short dominates directionally but with minimal strength and sync.

BTC shows short dominance on all timeframes, with increasing strength and 100% sync.

Altcoin indicators uncorrelated directionally and temporarily. Growth potential persists on altcoins while BTC is tapped out.

In summary: The shot clock winds down. Mixed CoFo Scout signals reflect this tension. Positions need added confirmation and developments.

 

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