Given the recent price action on BTCUSD I feel a cup and handle pattern is forming. We should see a rise off of the handle into the 530 area. Nice targets for the coming week.
Following the sideways action of BTC in the last few days, we have found some critical support levels and most traders are unsure of what to do. I think we are in a descending triangle which is not bull or bear, but sideways. Any break out of this triangle could mean a huge buy or sell off.