The buyer attempted to seize control but struggled to gain momentum.

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: 24% of 100%

Timeframe Dominance: 88% of 100%

ETH

Dominant Direction: Short

Dominance Coefficient: 13% of 100%

Timeframe Dominance: 72% of 100%

BCH

Dominant Direction: Short

Dominance Coefficient: 20% of 100%

Timeframe Dominance: 78% of 100%

XRP

Dominant Direction: Short

Dominance Coefficient: 25% of 100%

Timeframe Dominance: 100% of 100%

Shorts rising, especially on BTC. Return of bearish correlation. Locally, seller pressing prices. Timeframes show mixed picture.

Oddly, BTC shows high 25% short dominance. But full sync lacking still.

Indicators

Examining Collective Forecast signals across timeframes:

BTC

The slowing correction provided an opportunity for the buyer to show initiative, which he reluctantly took advantage of. Globally, BTC is in the sales zone, but the volumes are up to the buyer.

There is an upward trend on the medium-term chart. Short signals are still holding. The trend test on the 4-hour timeframe is successful.

Local retest of the bullish trend, short signals. If the trend holds, then the bulls will have a good opportunity to set the pace.

Alts

On higher timeframes, seller activity on altcoins does not subside. Most of the assets are in a bearish trend. There are signals for a new wave of decline.

Medium-term selling pressure, short signals. Assets are entering a downward trend, there are few reversal signals.

On lower timeframes there is still an unsuccessful attempt to enter the bullish trend. Clear signals.

As of October 5, short dominance persists, especially on BTC. Bitcoin in uptrend while alts remain bearish.