CoFo Lab Market Watch: Unpivoting the Pivot
Unsuccessful reversal attempt. Prices returned to uptrends. Some local high updates.
CoFo Scout
BTC
Dominant Direction: Short
Dominance Strength: 9% of 100%
Timeframe Dominance: 72% of 100%
ETH
Dominant Direction: Short
Dominance Strength: 13% of 100%
Timeframe Dominance: 71% of 100%
HFT
Dominant Direction: Long
Dominance Strength: 22% of 100%
Timeframe Dominance: 87% of 100%
LINK
Dominant Direction: Short
Dominance Strength: 24% of 100%
Timeframe Dominance: 92% of 100%
Local long dominance but insignificant indicators. Medium-term shorts persist as bulls prevent cooldowns. Shorts now on D1 global timeframe. Other globals still long.
Shorts dominate markets but declining strength.
On BTC, decreasing short dominance. Scattered indicators - local longs, medium-term shorts. Reluctant upwards accumulation.
Globally uptrending altcoins. Medium-term short dominance. Fragmented locally. Some global timeframe shorts but mid-term weakening. Individual overheating via increased strength and sync but below thresholds.
In summary:
Instruments returned to uptrends - some accumulating, some with new local highs.
Longs need correction downturns and increased local dominance. No short confirmation yet.
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