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.

With minimal long dominance, markets saw significant movement. Does it have further potential?

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: 9% of 100%

Timeframe Dominance: 65% of 100%

ETH

Dominant Direction: Long

Dominance Coefficient: 1% of 100%

Timeframe Dominance: 52% of 100%

MATIC

Dominant Direction: Long

Dominance Coefficient: 12% of 100%

Timeframe Dominance: 71% of 100%

DOT

Dominant Direction: Long

Dominance Coefficient: 17% of 100%

Timeframe Dominance: 76% of 100%

For context, we consider dominance above 35% significant.

Analysis

Weak longs enabled significant bullish momentum thanks to local uptrend support. All major timeframes overcame bearish trendlines. Globally, BTC erased its weekly drop in a day.

The rally dropped indicators. Locally overbought. Further continuation requires ranging and accumulation.

Indicators

Now examining the Collective Forecast indicators across timeframes:

BTC

BTC reclaimed its global uptrend as downside correction signals faded. Growth signals emerged but require indicator unwinding first.

Medium-term broke into a bull trend amid an active long phase. Slight overbought.

Locally mixed with overbought and new growth wave signals. Absent near-term reversal the momentum may continue.

ALTS

Globally the buyer returned. Assets target uptrend reentry and oversold exits. New long confirmations.

Medium-term mirrors BTC with active long phases and uptrends.

Short-term uptrend moves face overbought. Retests are possible.

In summary, as of September 29 UTC morning, weak shorts and indicator declines emerged on BTC. Sideways or corrections likely after rally overheating.