More sideways ahead on BTCUSD?

So, we failed to move past major resistance at $490 on quarterly futures. We have way to many margin longs on Bitfinex and everyone wants a free ticket to the moon.

Another month of sideways will leave room for an $BTCE:LTCUSD pump as it's trying to break from the $BTCE:LTCBTC ratio. Let's close these longs and start over, please?