All COFO FEED

CoFo Lab Market Watch: Altcoin Season?

Analysis and Forecasts
2023-11-06 12:03:23
217

Weekend BTC ranging. Altcoins realizing previously noted CoFo Scout growth potential.

CoFo Scout

BTC

Dominant Direction: Short

Dominance Strength: 8% of 100%

Timeframe Dominance: 66% of 100%

ETH

Dominant direction: Short

Dominance Strength: 9% of 100%

Timeframe Dominance: 65% of 100%

LINK

Dominant direction: Long

Dominance Strength: 7% of 100%

Timeframe Dominance: 65% of 100%

VET

Dominant direction: Short

Dominance Rate: 18% of 100%

Timeframe Dominance: 85% of 100%

Locally disparate indicators, slight short prevalence. Medium-term short dominance. Some asset shorts moving higher, but global longs persist.

Weak short directional dominance, poor sync. Requires global long weakening for confident shorts.

Slightly increased BTC short dominance. Overall weakening CoFo Scout activity - fading medium-term shorts and long-term longs.

Weekend altcoin upside realization exceeding remaining BTC potential. Similar weakening altcoin activity and indicator attenuation.

In summary: Approaching neutral CoFo Scout performance. Weakening global and medium-term signals. Local frames may provide impetus, then be picked up.

Best to seek setups aligned with global assets where suitable situations visible.

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