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CoFo Scout Flashing Short Signal Spike

Analysis and Forecasts
2024-02-15 13:32:03
684

Despite bull pressure, substantial short accumulation across local and med-term frames into day's end. Multi-day build lacking sudden shock. Historically reliable setups.

 

However, exceptionally strong buyer pressure right now worth respecting.

 

Prep for correction still prudent — at minimum, trim to breakeven.

 

Bearish TA adds context. BTC illustrates. Since Dec 5, price carved megaphone with upper limit aligning the 52k historical barrier — mutual reinforcement. Price paused as expected.

 

While noteworthy TA and signals, not enough alone to trigger action. Await chart confirmation. False breakdown fakes possible, increasing signal stack into eventual reversal.

 

Reiterating prevailing bull strength even as Scout warns on bear signal excess. We advise against ignoring as confirmation gauge.

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