We have for the first time this year advanced above the log . And we are about to flip green on the CCI!
These are definitely positive signs, and I will be looking for pullbacks to buy into. However, there is still 1 relatively steep hurdle at $10k. That also happens to be the daily 200MA and the 61.8 fib of the swing. If we break that with some conviction, then I believe the next target is 12k and then onto 13.5k.
Buying opportunities; I will look for rejection at 10k, and a buy around 8.6k
I'm not sure if this is just short term, or if this will trigger a broader sell off. I will evaluate once we get to ~8.5k
I think taking a long trade once there has been a daily close above 10k will be relatively safe.