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CoFo Lab Market Watch: Break No More

Analysis and Forecasts
2023-11-10 13:07:57
233

New liquidity sparked market panic. Some correction attempts, but most still accumulating.

Analysis of CoFo Scout readings

Locally mixed - either weak longs or strong shorts on lower timeframes. Medium-term short strengthening.

Global long pressure from shorts moving higher. D1 shorts strengthening.

Signals favor shorts quantitatively. Growing dominance strength.

Increasing BTC bearish power and synchronization. Local and medium-term shorts lead. Weak global longs.

Global altcoin uptrends. Some reversal attempts, but intact trends. Global longs persist amid medium-term short boosts. Locally mixed weak longs and shorts without dominance.

Results

Global longs still determine movements. Steady bull trend intact.

Accumulating CoFo Scout shorts. Uncertain corrections on some assets, testing buyer reactions.

So far, pictures show accumulation, not reversal.

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