All COFO FEED

CoFo Lab Market Watch: don't Fight the Fed

Analysis and Forecasts
2023-11-02 13:46:51
205

Unchanged Fed rates sparked bullish momentum. CoFo Scout medium-term shorts unloading brought greater signal fragmentation.

CoFo Scout

BTC

Dominant Direction: Short

Dominance Strength: 15% of 100%

Timeframe Dominance: 74% of 100%

ETH

Dominant direction: Short

Dominance Strength: 11% of 100%

Timeframe Dominance: 66% of 100%

LUNC

Dominant Direction: Long

Dominance Strength: 13% of 100%

Timeframe Dominance: 73% of 100%

TRX

Dominant Direction: Short

Dominance Rate: 27% of 100%

Timeframe Dominance: 100% of 100%

Locally fragmented, short dominance. Weakening medium-term bearish direction. News impulse unloaded medium-term shorts. Global longs.

Fragmentation, no dominant direction. Shorts on majors, longs on others. Minor dominance strength.

On BTC, weakening short dominance. Breakout attempt from accumulation. Local and medium-term shorts prevail. Fragmented globally, insignificant short edge.

Multidirectional altcoins lack directionality. Unloading medium-term frames. Longs emerge, shorts fade.

In summary: News triggered bull awakening. Shorts rose slightly from local overboughts. Medium-term unloading conversely occurred.

Unambiguous local and medium-term long dominance required for long entries. Shorts need neutral or bearish global signals.

 

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