CoFo Lab Market Overview: Slowing Down
The market sought support. No bottom confirmation yet.
What clues does the Collective Forecast toolkit provide?
CoFo Scout
Let's examine the latest data from our Collective Forecast survey tool:
Key Metrics
BTC
Dominant Direction: Short
Dominance Coefficient: 5% of 100%
Timeframe Dominance: 58% of 100%
ETH
Dominant Direction: Long
Dominance Coefficient: 9% of 100%
Timeframe Dominance: 64% of 100%
HBAR
Dominant Direction: Long
Dominance Coefficient: 28% of 100%
Timeframe Dominance: 100% of 100%
SNX
Dominant Direction: Long
Dominance Coefficient: 22% of 100%
Timeframe Dominance: 100% of 100%
Weak long correlations, mixed signals. Fading global short pressure, but too early to go long — wait for indicators to unload. Local asset exits from oversold.
Yesterday, BTC and alts found supports, staying within local and medium-term ranges. No reversal confirmation yet.
Watch HBAR and SNX today. Significant zones with highest CoFo Scout dominance and timeline syncs. Possible bounces on key support tests.
Indicators
Examining Collective Forecast across timeframes:
BTC
Weekly uptrend tests. Falling sales volumes.
Medium-term downtrends, attempting oversold exits. Prepping for downtrend tests potentially.
Short-term uptrend entries.
ALTS
Global downward impulse suspensions. Slowing declines.
Medium-term downtrends, deeply oversold. Confirmed impulses toward resistance.
Short-term uptrends. New growth wave signals. Some overbought zones entered.
As of October 13 morning, BTC global prices hovered on trendlines, slowing declines. Local and medium-term oversold zones working out. Muted bull activity. Too early to call reversals, as moves may stay corrective. Weakening but lingering short signals on higher timeframes.
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