CoFo Lab Market Overview: Climactic Move Delayed
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.
The morning seemed to foreshadow imminent directional resolution. But Bitcoin lingers at the dividing line. How have instruments reacted?
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: Short
Dominance Coefficient: 8% of 100%
Timeframe Dominance: 65% of 100%
ETH
Dominant Direction: Long
Dominance Coefficient: 0% of 100%
Timeframe Dominance: 51% of 100%
IMX
Dominant Direction: Long
Dominance Coefficient: 1% of 100%
Timeframe Dominance: 52% of 100%
AVAX
Dominant Direction: Long
Dominance Coefficient: 20% of 100%
Timeframe Dominance: 80% of 100%
For context, we consider dominance above 35% significant.
Analysis
Oversold and shorts captured more timeframes, migrating higher. Overall limited change beyond slight long declines. Assets remain divergent and directionless. The lack of clarity keeps positioning unfavorable for now.
Previously mentioned IMX and AVAX saw longs fall. No assets stand out currently.
Indicators
Now examining the Collective Forecast indicators across timeframes:
BTC
No significant signals for Bitcoin globally or medium-term, stuck at the trendline.
Locally, BTC trades sideways near trend resistance.
ALTS
Globally, alts remain in accumulation.
Medium-term shows a short phase with a minor intraday dip. No reversal signals yet.
In summary, as of September 22 UTC morning, prolonged uncertainty persists. Positioning conditions remain unfavorable for now.
Only login in users can review, please log in or signup
Send complaint