CoFo Lab Market Overview: Market Indecision Fuels Volatility
Disclaimer: This analysis does not constitute financial advice. We provide analytics only. All market decisions should involve your own analysis, using additional sources solely for confirmation or insight.
Indicators see-sawed, first in one direction, then the other. The market refuses to pick its path. Where are indicators pointing?
What clues does the Collective Forecast toolkit provide?
Scoutlist
Let's take a look at the latest data from our Scoutlist survey tool:
Key Metrics
BTC
Dominant Direction: Long
Dominance Coefficient: 10% of 100%
Timeframe Dominance: 66% of 100%
ETH
Dominant Direction: Long
Dominance Coefficient: 13% of 100%
Timeframe Dominance: 73% of 100%
LINK
Dominant Direction: Short
Dominance Coefficient: 17% of 100%
Timeframe Dominance: 72% of 100%
C98
Dominant Direction: Short
Dominance Coefficient: 18% of 100%
Timeframe Dominance: 82% of 100%
For context, we consider dominance above 35% significant.
Analysis
Long rates rebounded on the back of morning selling pressure. Overall, long dominance persists, but values remain minimal. Weak correlation emerged.
LINK declined locally. No other assets currently exhibit remarkable performance.
Indicators
Now examining the Collective Forecast indicators across timeframes:
BTC
Globally, sellers attempted to ignite a new leg down.
Medium-term retains seller dominance and a downtrend.
Locally, BTC declines within its bear trend. Few reversal hints beyond the lowest timeframes.
ALTS
Assets continue downward trends, accumulating oversold. Sellers are strong as bull volumes decline.
Medium-term remains in downtrends with substantial selling pressure.
Short-term back in bear trends. Some assets show reversals.
In summary, as of September 26 UTC evening, longs mildly rose on local oversold conditions. But indicators lean short overall. Long correlation emerged, signaling potential opportunities.
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