Downmoves continue. Inflation data adds pressure.

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: Short

Dominance Coefficient: 1% of 100%

Timeframe Dominance: 50% of 100%

ETH

Dominant Direction: Long

Dominance Coefficient: 12% of 100%

Timeframe Dominance: 72% of 100%

XLM

Dominant Direction: Long

Dominance Coefficient: 30% of 100%

Timeframe Dominance: 100% of 100%

KAVA

Dominant Direction: Long

Dominance Coefficient: 32% of 100%

Timeframe Dominance: 100% of 100%

Long correlation strengthening but unconfirmed. Global shorts still strongly pressured. Local oversold zones. Higher timeframe unloads needed to go long.

Post-BTC, altcoin declines persisted throughout the day. Yesterday's supports proved unstable, assets fell through under news impacts. KAVA and XLM remain interesting, with the highest dominance and timeline sync indicators. Bounces possible on key support tests.

Indicators

Examining Collective Forecast across timeframes:

BTC

Weekly uptrend retests continue. Rising selling volumes, bearish trend risks.

Medium-term downtrend development. Approaching oversold zones. Insufficient bullish signals so far.

Lower timeframes show failed attempts to exit oversold and start bull moves. Tested downtrends, potential new downwaves brewing.

ALTS

Global sales upticks continue in bear trends, nearing lows.

Medium-term bearish trend moves intact.

Local breakdowns below accumulation zones downwards. Downtrends, oversold.

As of October 12 evening, long correlation from local oversold zones, but insufficient reversals. Seller pressure persists, attempts to shift global trends. Medium-term oversold accumulation continues downtrends.