BTC/EUR is up to something

The publishing shows BTC/EUR on a weekview. First the facts; it has not shown a strong comeback after 2 weeks of going down. The higher lows and lower highs implicate that something is on its way.

So far the facts. Now the million dollar question; what is it going to do next? Zooming out gives you overview, to look at the present trend. The present sideways movement looks like the market is waiting for an external input, like for example news ( positive or negative ), to make the decision for us.

Without external news: if it does not want to go up, than it will probably fall, since in the end, there are only 2 tastes available. I think it is not ready with the downfall yet, the red candles show a too strong signal on a weekview.

Time will tell if Im right. By the way, a downfall might not last very long, since there are simply too many people with too much money burning in their pockets :)

So you are all invited to let me know what you think of my review.

Greets, R.