Daily analysis XBT/USD 012

Hello Everyone,

Starting this analysis with the daily chart.

Local daily high at $7836.5 and the 0.618 Fib is still untouched, volume is not sufficient to break the resistance line drawn by it. Possible retrace in the works, but it's to soon to tell.

On the hourly chart we can clearly see that we are approaching the end of the flag pattern and entering the breakout area, this can be a make or break zone. Personal bearish tendency.

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