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CoFo Lab Market Watch: Recovery

Analysis and Forecasts
2023-11-10 19:00:00
235

Market recovering from yesterday's rollercoaster. Some continued moving but most trade within yesterday's ranges.

Analysis of CoFo Scout readings

Locally fragmented. Signals switched several times intraday without clear directional dominance yet. Medium-term short strengthening. Unchanged global long dominance.

Shorts moving higher pressure global longs. Strengthening D1 shorts.

Signals favor shorts quantitatively with intensifying but decreasingly synchronized strength.

Growing BTC bearish strength and synchronization. Local and medium-term shorts lead. Weak global longs remain.

Global altcoin uptrends persist. Some reversal attempts ongoing but intact trends. Dominant global longs amid strengthened medium-term shorts. Fragmented local signals.

Summary

Global longs remain most influential on asset movements. Ranging within yesterday's zones currently.

Accumulating CoFo Scout shorts. Global longs still dominate for now. Better to make decisions outside range boundaries.

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