CoFo Lab Market Watch: Bull Carnival
New asset highs broadly. Day ending with growth.
CoFo Scout
BTC
Dominant Direction: Short
Dominance Strength: 18% of 100%
Timeframe Dominance: 85% of 100%
ETH
Dominant Direction: Short
Dominance Strength: 16% of 100%
Timeframe Dominance: 78% of 100%
LINK
Dominant Direction: Short
Dominance Strength: 30% of 100%
Timeframe Dominance: 92% of 100%
INJ
Dominant Direction: Short
Dominance Strength: 28% of 100%
Timeframe Dominance: 89% of 100%
Local short dominance, some long instrument signals. Medium-term short strengthening. Drifting global frames - D3 and W1 longs.
Signals favor shorts quantitatively. Growing dominance strength and activity spikes on some cryptos.
Increasing BTC bearish strength. Heightened sync. Weakening local longs and strengthening medium-term shorts. Weak global longs.
Global altcoin uptrends. Locally weakening shorts, emerging longs. Slight medium-term short boosts. Driving global longs to new heights.
Summary
Global longs still rule pricing. Stable bull trend. Accumulating CoFo Scout shorts, but global longs make turns difficult still.
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