As a HODLer I will feel relief in a sideways movement. This is an indicator that the bull market is on it's way. Just a waiting game....
Also the chart shows that we can expect sideways now...
We have had plenty of sideways action this year and it didn't translate into anything of bullish nature. People were bored, the market looked like it ran out of steam, and we paid the price for it.
Some even said it was an accumulation phase, but they have been proven wrong by now. Nah, I'm not taking part in that. I'm expecting the market to fall down to $3000 within a couple of days or before the end of 2018.
Testing the 200 weekly moving average twice doesn't show much confidence in the market. Yes, it bounced back up directly, but we have seen the same happen before and it broke anyway.
Testing the same support levels multiple times in a row is a bad sign.