CoFo Lab Market Watch: don't Fight the Fed
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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