CoFo Lab Market Overview: Buyers Gather Strength
Disclaimer: This analysis does not constitute financial advice. We provide analytics only. All market decisions should involve your own analysis, using additional sources solely for confirmation or insight.
Long indicators continued rising amid growing divergence. Market sentiment tilts moderately long.
What clues does the Collective Forecast toolkit provide?
Scoutlist
Let's take a look at the latest data from our Scoutlist survey tool:
Key Metrics
BTC
Dominant Direction: Long
Dominance Coefficient: 8% of 100%
Timeframe Dominance: 62% of 100%
ETH
Dominant Direction: Long
Dominance Coefficient: 13% of 100%
Timeframe Dominance: 62% of 100%
MATIC
Dominant Direction: Long
Dominance Coefficient: 15% of 100%
Timeframe Dominance: 76% of 100%
ICP
Dominant Direction: Long
Dominance Coefficient: 19% of 100%
Timeframe Dominance: 85% of 100%
For context, we consider dominance above 35% significant.
Analysis
Longs grew as shorts declined throughout the day. Heavy divergence persists across timeframes. On average the market tilts upward but weak indicators may affect local impulse strength.
DOT began moving upward. Most assets haven't reached even 20% dominance, rendering the market currently uninteresting.
Indicators
Now examining the Collective Forecast indicators across timeframes:
BTC
The picture remains unchanged. For now, sellers failed to plunge BTC into a bearish abyss.
Medium-term retains a downward trend with weak long signals.
Locally, buyers awoke with confirmation signals. Attempts to regain the bull trend are possible.
ALTS
Interest in alts continues unabated.
The medium-term shows a bear retest. Few supports.
Many assets broke into a bull trend, confirmed by convergences.
In summary, as of September 25 UTC evening, local buyer activity emerged including on BTC. Indicators remain low with a minor long edge.
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