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CoFo Lab Market Watch: Bullish Momentum Playing Out, Pre-Euphoria

Analysis and Forecasts
2024-02-19 19:54:53
704

Friday's pullback slightly eased bearish Scout pressure. Short-term relief allowed bulls to regain initiative and drive prices higher.

 

Analysis of CoFo Scout Readings

 

Scout maintains elevated shorts but strength markedly below recent peaks following brief discharge.

 

Indicators looking disjointed across assets and durations.

 

Shorts continuing migration towards weekly frames. D3 concentrated shorts from prior weeks now flushed on certain names, handing back to longs.

 

Increased fragmentation on altcoins. Even clearer assets showing little conviction either way.

 

With largely neutralized signals, defer to local and med-term flows for trading decisions over weaker noise. Amplitude targets should come from these durations.

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