BTC bounce lacks follow through, upside running out of steam.

What clues does the Collective Forecast toolkit provide?

Survey Tool

Let's examine the latest data from our Collective Forecast survey tool:

Key Metrics

BTC

Dominant Direction: Short

Dominance Coefficient: 14% of 100%

Timeframe Dominance: 81% of 100%

ETH

Dominant Direction: Short

Dominance Coefficient: 8% of 100%

Timeframe Dominance: 65% of 100%

AAVE

Dominant Direction: Short

Dominance Coefficient: 18% of 100%

Timeframe Dominance: 76% of 100%

LINK

Dominant Direction: Short

Dominance Coefficient: 18% of 100%

Timeframe Dominance: 76% of 100%

Short direction dominates but low indicators. Shorts accumulating on daily. Local picture fragmented.

AAVE, LINK, TRX stand out with significant shorts globally and medium-term, though still not high.

Indicators

Examining Collective Forecast across timeframes:

BTC

On higher timeframes, momentum is fading as buyer interest and bullish volumes decrease.

The medium-term remains in a bullish trend but signals point to a potential new wave of declines. Buyers look weak.

Locally, prices failed to break the downtrend. Indicators are sparse but suggest sellers may take control.

Alts

Globally the trend is downward with bearish volumes. Many assets show signals of a downward wave.

The medium-term chart remains short. Signals are muted.

Locally the downtrend holds. Small reversal signals present, bounces possible.

As of October 9 morning, short dominance with weak indicators. Shorts emerging on daily. Buyer weakness suggests sellers could take control.