Todos COFO FEED

CoFo Lab Market Overview: Slowing Down

Analysis and Forecasts
2023-10-13 11:29:56
166

The market sought support. No bottom confirmation yet.

What clues does the Collective Forecast toolkit provide?

CoFo Scout

Let's examine the latest data from our Collective Forecast survey tool:

Key Metrics

BTC

Dominant Direction: Short

Dominance Coefficient: 5% of 100%

Timeframe Dominance: 58% of 100%

ETH

Dominant Direction: Long

Dominance Coefficient: 9% of 100%

Timeframe Dominance: 64% of 100%

HBAR

Dominant Direction: Long

Dominance Coefficient: 28% of 100%

Timeframe Dominance: 100% of 100%

SNX

Dominant Direction: Long

Dominance Coefficient: 22% of 100%

Timeframe Dominance: 100% of 100%

Weak long correlations, mixed signals. Fading global short pressure, but too early to go long — wait for indicators to unload. Local asset exits from oversold.

Yesterday, BTC and alts found supports, staying within local and medium-term ranges. No reversal confirmation yet.

Watch HBAR and SNX today. Significant zones with highest CoFo Scout dominance and timeline syncs. Possible bounces on key support tests.

Indicators

Examining Collective Forecast across timeframes:

BTC

Weekly uptrend tests. Falling sales volumes.

Medium-term downtrends, attempting oversold exits. Prepping for downtrend tests potentially.

Short-term uptrend entries.

ALTS

Global downward impulse suspensions. Slowing declines.

Medium-term downtrends, deeply oversold. Confirmed impulses toward resistance.

Short-term uptrends. New growth wave signals. Some overbought zones entered.

As of October 13 morning, BTC global prices hovered on trendlines, slowing declines. Local and medium-term oversold zones working out. Muted bull activity. Too early to call reversals, as moves may stay corrective. Weakening but lingering short signals on higher timeframes.

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