Downmoves continue, global timeframes brewing shorts.

What clues does the Collective Forecast toolkit provide?

CoFo Scout

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

Key Metrics

BTC

Dominant Direction: Long

Dominance Coefficient: 0% of 100%

Timeframe Dominance: 50% of 100%

ETH

Dominant Direction: Long

Dominance Coefficient: 7% of 100%

Timeframe Dominance: 63% of 100%

HBAR

Dominant Direction: Long

Dominance Coefficient: 24% of 100%

Timeframe Dominance: 87% of 100%

KAVA

Dominant Direction: Long

Dominance Coefficient: 31% of 100%

Timeframe Dominance: 100% of 100%

Despite declines, no strong long dominance. Mixed signals. Global short pressure lingers. Uncertainty persists.

Unlike BTC, altcoins test supports. HBAR, KAVA and SUI look most interesting. Accumulation ranges with high dominance and timeline syncs. May attract strong buyers.

Indicators

Examining Collective Forecast across timeframes:

BTC

Weekly retest attempts continue. Rising selling volumes and downwave formation.

Medium-term downtrend development. Oversold pricing with bullish indicator ticks lacking confirmation so far.

Lower timeframes show disjointed views. Hourly reversal attempts, 30-minute downwave signals.

ALTS

Global sales upticks, bearish trends. Indicators confirm declines.

Medium-term downtrends and heavy oversold zones. Hints of large purchase accumulation without reversal confirmation yet.

Local oversold accumulation within downtrends.

As of October 12 morning, no strong long dominance, mixed signals. Sellers less active on altcoins. Local and medium-term accumulation downtrends intact.