BTC still hasn't broken out YET!! Don't believe the hype YET!!!!

Yesterday I posted my daily chart that shows we have yet to break out of the downward wedge we have been in since december or january. If you look at my weekly chart the trendline is still in tact. Everyone else is using a different trendline. Mine is clear support in December and Resistance in from january on. You can tell that we currently have only wicked out of the trend which doesn't mean much. I hope we break it as I am a bull at heart and I want upward momentum, but until this is actually broken on the weekly or multiply daily closes above this trend line we still haven't broken out. We are definetly in bull movement currently. Who will win is this a bull trap or have the bears been knocked out? This is not financial advice just my opinion


The link below is to my previously published daily version of this chart

Comment:

You can tell from my chart that we still haven't broken out of this downward wedge trendline. I still want it to happen as I feel that the health of the market depends on it. We need to get up in to 9500 area at least but I don't know if this is going to happen. But I have posted another idea that states that I don't know how long the bulls can keep this up as the bears are trying to take out the support for a bigger push down.