Failed Breakout

17 apr 2016

As a trader and trying to leave emotion out of the game (pretty easy since I'm a Blackcoin guy), all BTC did was flirt with a breakout above the wedge for about 2 days on the daily chart and at the same time failed to establish itself above the $431 S/R and fall comfortably back withing the midrange of the wedge everybody's been following for quite some time, but not quite all the way down to the more recent trend line (the short green line below the most recent candle). The longer green trendline goes all the way back to 1/13/15, trends like that don't break easily.