CoFo Lab Market Overview: Tug of War
Despite sellers pushing prices to local accumulation bottoms, neither side succeeded today.
What clues does the Collective Forecast toolkit provide?
CoFo Scout
Let's check the Collective Forecast survey:
Key Metrics
BTC
Dominant direction: Short
Dominance Rate: 20% of 100%
Dominance on timeframes: 79% of 100%
ETH
Dominant direction: Long
Dominance Rate: 5% of 100%
Dominance on timeframes: 60% of 100%
HFT
Dominant direction: Long
Dominance Rate: 30% of 100%
Dominance on timeframes: 100% of 100%
SUI
Dominant direction: Long
Dominance Rate: 28% of 100%
Dominance on timeframes: 96% of 100%
Mixed signals, insignificant indicators.
Assets and Charts
Exit impulse potential accumulated during the day but neither sellers nor buyers tilted it their way yet. Weakening short signals on higher timeframes.
Locally, BTC tested accumulation tops but bulls couldn't gain footholds higher. Sellers returned prices to accumulation but appear unable to reclaim short potential either.
Altcoins also remain accumulated, without significant changes.
Notable Situations
Watching HFT and SUI with highest long CoFo Scout dominances and timeline syncs.
In summary: Fragmented signals, lack of sync, market moves within local accumulation zones.
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