Selling pressure persists on higher and medium timeframes. Downwave brewing.

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: 0% of 100%

Timeframe Dominance: 69% of 100%

ETH

Dominant Direction: Long

Dominance Coefficient: 9% of 100%

Timeframe Dominance: 65% of 100%

HBAR

Dominant Direction: Long

Dominance Coefficient: 26% of 100%

Timeframe Dominance: 100% of 100%

XLM

Dominant Direction: Long

Dominance Coefficient: 25% of 100%

Timeframe Dominance: 100% of 100%

Mixed dominance levels overall. But strong short-term global signals.

XBAR, XLM, BNB look most interesting currently. Prolonged downtrends for these coins. Highest timeline-synced dominance per CoFo Scout. Faster reversals may come.

Indicators

Examining Collective Forecast across timeframes:

BTC

Global view shows sales, seller reactions, trendline declines. Retest attempt both on the daily and weekly. Bullish retracements on daily and weekly. Bearish volumes, downside signals persist.

Medium-term downtrend consolidation occurred. Existing downwave continues developing.

Short-term downtrend intact, oversold zone. Reversal ticks, resistance retests likely.

ALTS

Higher timeframes extend bear rallies. Failed uptrend retests on bullish assets, with down cues. Altcoin markets remain bearish.

Medium-term declines within downtrends. Assets entering oversold zones. Reversal hints lack confirmation.

Short-term charts show altcoin uptrend attempts. Growth wave and convergence signals brewing. Bounces probable.

As of October 10 morning, mixed dominance. Global shorts confident, most timeframes bearish and selling. Local oversold zones may see asset rebounds.