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CoFo Lab Market Watch: Is the Fed All-Powerful?

Analysis and Forecasts
2023-11-02 19:05:00
207

Fleeting news impulse — market declined to continue rate decision recovery. Strengthening short dominance. Medium-term unloading underway.

CoFo Scout

BTC

Dominant direction: Short

Dominance Strength: 20% of 100%

Timeframe Dominance: 85% of 100%

ETH

Dominant direction: Short

Dominance Strength: 14% of 100%

Timeframe Dominance: 61% of 100%

LUNC

Dominant direction: Long

Dominance Strength: 14% of 100%

Timeframe Dominance: 76% of 100%

INJ

Dominant direction: Short

Dominance Rate: 23% of 100%

Timeframe Dominance: 89% of 100%

Locally shorts prevail.

Medium-term short dominance, declining signals.

Global longs.

Weak short directional dominance, poor sync.

On BTC, strengthening shorts. Failed accumulation breakout attempt. Lower and medium-term bearish signals grew. Fragmented globally, slight short edge.

Short-dominated altcoins with minimal sync and weak dominance.

In summary: Buyers failed to sustain news moves. Upcoming SEC BTC ETF meeting could re-direct markets.

CoFo Scout warns against unjustified entries currently. Awaiting clearer indicator picture.

 

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