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Condition 0
eth in upper half of friday
open near fridays h
Thoughts
Generally liquidations strenghten the market
I see friday as part of the liquidation belly
The edges of the belly are the intersting zones
onh is weak and poor
yearly vpoc at onh
Condition 1
We looked below a very visious level (october low) and (for now) failed and stabilized above
This is a potential Wyckof spring which is bullish (if it holds)
We had a rough liquidation (which is bullish)
We are in thanksgiving week (which is often bullish)
Yesterday we had a trend day up
Condition 0
eth spent most of its tine in the upper distribution
Thoughts
Anything can happen
Any news can mix everything up
I was long from yesterday and gave them room
Nontheless i got shaken out today at the liquidation after the open
Entered again and reached my destination target at liquidaion day high
This wyckof spring on the daily (on the long side) is the only situation in which i hold overnight positions
