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CoFo Lab Market Watch: Uncertainty Reigns

Analysis and Forecasts
2024-01-05 16:13:23
490

Major assets adrift while rest develop downtrend.

Analysis of CoFo Scout Readings

Standard divergence — BTC.D outperformance and Bitcoin flatline bleeds altcoins.

Portfolios suffer but shorts relieved on Scout, keeping global bulls intact.

Weekly anchor longs holding. Complete short dominance H8-D3. Glimpses of locals & medium-term longs into H4.

Markets divided — timeframes at stalemate.

Typically would expect confident trend resumption after higher timeframe short unwind. But locals muddy the waters, with possible flip to short.

Lacking overarching market clarity for high-conviction decisions. Await greater coherence.

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