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CoFo Lab Market Watch: Flat Inertia

Analysis and Forecasts
2023-11-13 15:26:43
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Weekend market movements were inertial, with asset accumulation cooling CoFo Scout shorts.

Analysis of CoFo Scout readings

Locally fragmented with short prevalence.

Medium-term declining short signal intensity. Some medium-term long emergence.

Globally strengthening W1 longs and D1 shorts.

Short directional dominance by signal count. Declining dominance strength and timeframe sync versus week's end.

Decreasing BTC short dominance with strengthening globals. Weakened medium-term shorts. Local shorts persist but fading dominance from lower to higher timeframes.

Global altcoin uptrends. Weekend ranging for many. Follows BTC - strengthening globals and fading medium-term shorts. Locally directionless with weak longs and shorts on decreased volatility.

Summary

Global longs now dominate movements, surpassing other significant signals so far. Accumulating market strengthens global longs while weakening medium-term shorts.

CoFo Scout records decreasing volatility.

With low volatility, maintaining risk/reward ratios becomes more difficult. Better to seek entry points incorporating global timeframes.

 

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