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.

The anticipated decline from local/medium-term overbought has played out. How did this impact the indicators?

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: Short

Dominance Coefficient: 11% of 100%

Timeframe Dominance: 71% of 100%

ETH

Dominant Direction: Short

Dominance Coefficient: 4% of 100%

Timeframe Dominance: 59% of 100%

AAVE

Dominant Direction: Short

Dominance Coefficient: 12% of 100%

Timeframe Dominance: 63% of 100%

NEO

Dominant Direction: Short

Dominance Coefficient: 17% of 100%

Timeframe Dominance: 78% of 100%

For context, we consider dominance above 35% significant.

Analysis

Shorts mildly declined while longs rose, though not uniformly. Divergence and uncertainty persist overall with low shorts. Positioning conditions remain unfavorable without indicator confidence and timeframe synchronization.

Previous outperformers TRX and VET saw local drops, decreasing shorts. No assets currently stand out.

Indicators

Now examining the Collective Forecast indicators across timeframes:

BTC

Globally the seller responded to the bullish trend attempt with declines. The weekly, daily and 12-hour returned to the trendline, signaling either a retest or false breakout harbinger.

Medium-term shows an uptrend retest reacting to shorts. Too early to judge results before candle close.

Lower timeframes continue downtrends with emerging oversold.

ALTS

A global picture of seller dominance emerged on alts after the unsuccessful downtrend exit attempt.

Medium-term has bears striving for a new leg down. Success and duration remains unclear.

Locally assets decline in bear trends lacking strong longs.

In summary, as of September 21, shorts dropped amid increased selling pressure, relieving local/medium-term overbought. Assets remain divergent — an unfavorable positioning environment.