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.

Rising shorts and local overheating encouraged sellers, spurring further pressure and declines. What's the current landscape?

What clues does the Collective Forecast toolkit provide?

Scoutlist

Let's take a look at the latest data from our Collective Forecast survey tool:

Key Metrics

BTC

Dominant Direction: Short

Dominance Coefficient: 16%

Timeframe Dominance: 81%

ETH

Dominant Direction: Long

Dominance Coefficient: 0%

Timeframe Dominance: 50%

VET

Dominant Direction: Short

Dominance Coefficient: 17%

Timeframe Dominance: 100%

TRX

Dominant Direction: Short

Dominance Coefficient: 30%

Timeframe Dominance: 100%

For context, we consider dominance above 35% significant.

Analysis

Uncertainty and divergence linger, though shorts slightly rose - still insignificant indicators. Greater confidence and full timeframe synchronization are required for positioning per risk management.

The highlighted TRX declined mildly while retaining strong shorts versus the market. VET is interesting with shorts nearing the 27% initial threshold.

Indicators

Now examining the Collective Forecast indicators across timeframes:

BTC

Globally a mixed picture: the weekly shows an active short phase but the bullish trend attempt persists. The daily contrasts in its long phase but suspended upside momentum amid seller involvement.

Medium-term nears a retest of the uptrend with declines from overbought.

Locally BTC entered a downtrend sans signals.

ALTS

Alts reacted more sharply to selling as global price and signal analysis show a favorable long zone, but cryptos decline at downtrend resistance.

Medium-term charts exhibit minor short dominance. Sellers pressure prices, seeking to spur declines.

Lower timeframes show strong divergence and insignificant signals.

In summary, as of September 21 UTC morning, uncertainty remains high alongside low short dominance on local/medium-term charts.