Bitcoin is back in accumulation mode.

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: 20% of 100%

Timeframe Dominance: 85% of 100%

ETH

Dominant Direction: Short

Dominance Coefficient: 1% of 100%

Timeframe Dominance: 51% of 100%

XLM

Dominant Direction: Long

Dominance Coefficient: 20% of 100%

Timeframe Dominance: 100% of 100%

TRX

Dominant Direction: Short

Dominance Coefficient: 23% of 100%

Timeframe Dominance: 79% of 100%

Shorts declined slightly. No dominant direction, minimal signals. Shorter timeframes look long, medium-term lean short.

LINK and TRX dropped. LINK recovered. TRX weakening, leading shorts. Watch long-biased XLM with 20% dominance and full sync.

Indicators

Examining Collective Forecast across timeframes:

BTC

Weekly chart shows continued global accumulation, laying groundwork for more upside. Sellers lead volumes minimally.

Medium-term remains in uptrend but with lingering shorts. Volumes lean bearish.

Shorter timeframes see Bitcoin attempting to break bullish. Signals of potential fresh leg up. Bulls have local dominance.

Alts

Trend stays bearish overall. Seller volumes declining as buyers emerge.

Medium-term growth signals but within downtrend. Faces resistance upwards.

Shorter timeframes show assets entered bullish trend aided by longs. Near-term favors bulls actively.

As of October 6 morning, decorrelation and uncertainty across timeframes. Caution warranted with medium-term short, local longs.