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.

Slight long rises and prolonged divergence continue to define the market, but trading opportunities emerged on some altcoins.

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: 1% of 100%

Timeframe Dominance: 53% of 100%

ETH

Dominant Direction: Long

Dominance Coefficient: 21% of 100%

Timeframe Dominance: 91% of 100%

DOT

Dominant Direction: Long

Dominance Coefficient: 26% of 100%

Timeframe Dominance: 100% of 100%

TRX

Dominant Direction: Short

Dominance Coefficient: 38% of 100%

Timeframe Dominance: 100% of 100%

For context, we consider dominance above 35% significant.

Analysis

A minor rise in indicators amid lingering divergence. Overall market tilts upward but subdued indicator readings.

Divergence can create useful trading situations. TRX crossed the minimum threshold with 38% short dominance and full synchronization. Sellers actively pressure the chart. DOT and MATIC gained the most longs, with DOT fully synchronized.

Indicators

Now examining the Collective Forecast indicators across timeframes:

BTC

Globally an active downtrend retest as sellers cling to BTC. Decline signals remain. If sellers hold the trend, the downward path may continue.

The retest also continues medium-term assuming sellers persist.

Lower timeframes show uptrends. Locally ranging without significant signals.

ALTS

Global downward trends and selling pressure.

Medium-term equally shows unsuccessful trendline bounces.

Lower timeframes are mixed with most assets long.

In summary, as of September 28 UTC morning, BTC tests the bear trend while the long direction prevails overall.