All COFO FEED

CoFo Lab Market Overview: Volatility Reduction

Analysis and Forecasts
2023-10-19 11:44:34
174

BTC accumulated. Altcoins declined as longs unloaded.

CoFo Scout

BTC

Dominant direction: Short

Dominance Rate: 7% of 100%

Dominance on timeframes: 62% of 100%

ETH

Dominant direction: Long

Dominance Rate: 19% of 100%

Dominance on timeframes: 82% of 100%

HFT

Dominant direction: Long

Dominance Rate: 32% of 100%

Dominance on timeframes: 100% of 100%

DOT

Dominant direction: Long

Dominance Rate: 39% of 100%

Dominance on timeframes: 100% of 100%

Long domination but mixed timeframes and weak signals.

Assets and Charts

On BTC, local accumulation buyer-seller confrontations continue. No significant price zones reached.

Altcoins clearly seller-dominated, with continued declines over recent days, excluding some assets.

Notable Situations

Yesterday's expected SUI growth justified initially before morning seller reversal downward.

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

In summary: Weak long dominance, mixed directions, BTC local accumulation, altcoin declines, uncertainty persists.

 

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