All COFO FEED

CoFo Lab Market Overview: No Follow Through

Analysis and Forecasts
2023-10-18 11:57:21
170

Buyers attempt to seize initiative, but lack strength so far.

What clues does the Collective Forecast toolkit provide?

CoFo Scout

Let's check the Collective Forecast survey:

Key Metrics

BTC

Dominant direction: Short

Dominance Rate: 13% of 100%

Dominance on timeframes: 73% of 100%

ETH

Dominant direction: Long

Dominance Rate: 7% of 100%

Dominance on timeframes: 62% of 100%

HFT

Dominant direction: Long

Dominance Rate: 31% of 100%

Dominance on timeframes: 100% of 100%

SUI

Dominant direction: Long

Dominance Rate: 30% of 100%

Dominance on timeframes: 100% of 100%

Weak, mixed signals. No timeframe coordination.

Assets and Charts

A strong morning buyer emerged but bulls lack strength to establish dominance or break bearish structures yet.

BTC buyer-seller confrontation heating up. Bulls pushed above local accumulation range limits but no 4-hour consolidation as buyers remain inactive.

Altcoin parallel rises rather look like corrections to yesterday's drops.

Notable Situations

Watching HFT and SUI with highest long CoFo Scout dominances and timeline syncs.

In summary: Mixed dominance, timeframes, and insignificant signals. Failed upper range breakout attempt as buyers lack strength to dominate.

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