BTCUSD : Continued sideways action

30. Apr. 2018

What's up guys. Had a crazy busy week not paying attention to charts or crypto but now I'm finally back to see what's up. So not a lot has happened with BTC over the weekend. As you can see here we have two trendlines that are respected, both in white. We broke down from the first one and tested it from the downside and were rejected. However, the bulls stepped up and have now formed a new, not so-steep trendline. IF we are to follow this, a re-test of the previous high should be possible. I do feel however, we will go sideways a bit this week, not breaking overtly bullish or bearish.