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.

A battle for the trend plays out following the recent decline to key levels. How have the instruments reacted?

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: 5% of 100%

Timeframe Dominance: 60% of 100%

ETH

Dominant Direction: Long

Dominance Coefficient: 4% of 100%

Timeframe Dominance: 58% of 100%

IMX

Dominant Direction: Long

Dominance Coefficient: 13% of 100%

Timeframe Dominance: 66% of 100%

AVAX

Dominant Direction: Long

Dominance Coefficient: 26% of 100%

Timeframe Dominance: 100% of 100%

For context, we consider dominance above 35% significant.

Analysis

Shorts continued declining as some assets turned long-dominant. Uncertainty persists with slight long bias and divergence. We await clearer confidence in synchronized indicators across timeframes.

Of note are IMX, with some of the strongest daily signals, and AVAX, with full synchronization and the highest longs. But the market remains immature, warranting positioning caution.

Indicators

Now examining the Collective Forecast indicators across timeframes:

BTC

The 8-hour saw buyers maintain the trend. The daily retest continues.

Locally, BTC gained moderate long signals, nearing trend resistance. The 30-min broke through. hourly confirmation could spur a growth wave.

ALTS

Altcoins remain in accumulation.

Medium-term shows a short phase entering bear trends.

Small timeframes exhibit moderate long signals in the long phase nearing trend resistance.

In summary, as of September 22 UTC morning, shorts declined to lows amid lingering uncertainty and divergence. Locally buyers seek to ignite new growth but face hurdles.