As you can see in the graph, if you divide between 3000 supports and resistance that the bitcoin has, you can see how the price action respects them perfectly(5000,8000,11000,14000,17000,20000). Therefore for this trade I am expecting a small bullish movement towards our resistance on 17,000 and with it bring the price down to 11,000 per bitcoin. The second scenario would be that the price breaks the resistance of the 17,000 to take it completely to 20,000.
We also see how all these supports / resistance are psychological levels which gives more strength to our forecast.