this is my second idea. We are in a bullish market. There are few indicators for it. - New capitol is flowing in. On ALL platforms the open LONG positions are not increasing compare to the price increase, which means there is new capital flowing in. - all dips are being bought up quickly ( look on Friday/Saturday & Sunday) we can fear the bear, but being in disbelieve that market opinion changed is a scary thing. Right now we are in "dangerous" territory opening a long can be, but i would recommend it more for scalping.
If you look closer @ the chart we are pushing slowly every time to a round level and make a small retrace. its just for accumulating.
The blue zone marked was earlier support, if you look; it stopped a strong impulse to the downside, so definitely expect some selling there. Which gives me an indication that we will move past it, probably surging to 81xx ( cause of stoplosses and liquidations) than we will retrace to a bit below the blue zone to test the support line, after that it will be a smooth ride.