Is that a bullish flag on the 1hr? Well.

If that is a bull flag then a breakout would also be a breakout of the ascending wedge. Therefore I think it makes it more likely we will break the $8000 mark. The measured move takes us just above the long defined resistance trend line and we will soon come back down with a thump or two. I see it as a good shorting opportunity and I'm looking for a long term target of $4800-$5500 for the begining of the new year.