CoFo Lab Market Overview: Rebound or Reversal?
Local breakdowns across many assets.
What clues does the Collective Forecast toolkit provide?
Survey Tool
Let's examine the latest data from our Collective Forecast survey tool:
Key Metrics
BTC
Dominant Direction: Short
Dominance Coefficient: 1% of 100%
Timeframe Dominance: 52% of 100%
ETH
Dominant Direction: Long
Dominance Coefficient: 9% of 100%
Timeframe Dominance: 68% of 100%
DOT
Dominant Direction: Long
Dominance Coefficient: 23% of 100%
Timeframe Dominance: 87% of 100%
NEAR
Dominant Direction: Long
Dominance Coefficient: 18% of 100%
Timeframe Dominance: 84% of 100%
Scoutlist neutral. Glimpses of long setups forming. Local longs, global shorts. Mixed timeframes lacking full sync.
No interesting long positions currently. Dominance thresholds untouched.
Indicators
Examining Collective Forecast across timeframes:
BTC
The global downward momentum has stalled. No interesting signals.
There is an upward trend on the medium-term chart. Downside signals remain.
Locally active long phase after oversold accumulation. The asset is approaching trend resistance. There may be a strong reaction from the seller.
ALTS
On higher timeframes, the seller dominates. New lows, downward signals, falling bullish volumes.
Medium-term downward trend. There are signals for reversal and oversold conditions.
Local reversal signals. Movement towards trend resistance.
As of October 10 morning, neutral indicators. Early long signs but no standouts yet. Local and medium-term reversal signals on alts, but sellers dominate globally. Local bearish trend test approaches.
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