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CoFo Lab Market Watch: Without Direction

Analysis and Forecasts
2023-12-27 19:00:00
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Markets mixed — some assets rising while others fall. Price action contextualized by declining BTC dominance per the last review.

Analysis of Cofo Scout Readings

As previously noted, with fading BTC strength, altcoins can still climb despite accumulating shorts.

Relative weekly long signal persistence. Shorts across other timeframes moderately fading but still unfinished unloading. Overall Scout bearish discharge underway.

Mid-term and higher timeframes lacking directional signal dominance.

Nevertheless, undetonated shorts maintain more visible pressure for now.

Consider setups on specific assets with clearer Scout signals, supplemented by additional analysis methods.

Await stronger unanimous timeframe trends to emerge on Scout before broader bias conviction.

 

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