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Thoughts
We see coverings, but they are very small in this downmove
Sellers seem to absorb them
Do not expect a larger covering, wait until one happens
Thoughts
friday we saw a covering belly
while this is a first step for the bulls a real bottom with longer term participants should look stronger
i am open to whatever happens
Thoughts
Market was not able to push lower and now consequently sees some covering
As always, anythign can happen
1) more covering
2) sellers respond to higher prices
3) balance
Thoughts
Is the low in?
We donīt know. One day does not make a market, but for now the daily is up
I would see change not before we see acceptance back in the balance area
Condition 1
Yesterdays break brings the daily back in balance
Condition 0
we spent eth in the lower distibution
we open bnear y low
Thoughts
For me this is no clear inflection on the daily
If it would be we should sell off stronger and continue in eth
Which does not mean that we do not continue down
It just means i have no bias