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.

Long indicators declined amid selling pressure. Are correction signs brewing?

What clues does the Collective Forecast toolkit provide?

Scoutlist

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

BTC

Dominant Direction: Long

Dominance Coefficient: 4%

Timeframe Dominance: 56%

ETH

Dominant Direction: Long

Dominance Coefficient: 12%

Timeframe Dominance: 70%

LINK

Dominant Direction: Short

Dominance Coefficient: 30%

Timeframe Dominance: 87%

AVAX

Dominant Direction: Long

Dominance Coefficient: 12%

Timeframe Dominance: 67%

For context, we consider dominance above 35% significant.

Analysis

Longs fell moderately amid slight price declines. The dynamics are negative since the long drops resulted from confirmed selling pressure rather than bullish overbought. Divergence remains significant, requiring individual asset assessment.

Among altcoins, LINK stands out nearing the threshold of interest. DOT ticked up then corrected locally.

Indicators

Examining the Collective Forecast indicators across timeframes:

BTC

The upside stalled on the weekly and daily - the global bearish trend persists. The daily signals potential for a new leg down.

Medium-term retains its downtrend with substantial selling pressure. Practically no reversal hints.

Lower timeframes show BTC entering a bear trend. Indicators mute aside from one signaling fresh declines.

ALTS

Alts idled in oversold, like long-term accumulation. Weak bull volumes at trend resistance.

Medium-term alts downtrend amid significant bear pressure. Bull trend attempts failed lacking reversals.

Locally assets uptrended yesterday. Bear signals emerged, unsuccessful retests on some.

In summary, as of September 26 UTC morning, selling pressure mounted alongside declining longs. Globally BTC failed to break its bull trend, ceding control to sellers.