1)My main idea need Price to stay below 13868 level so i think BTC will drop till 1500 area ( green box ) where i will buy it targeting again at least 19800 level, my main target is 1.618% Fib ( From all time low level near 110 to all time high near 19800 level ).
2)If price close above 13868 level i will buy at the possible retest targeting all time high, in this scenario i think that if price reach all time high i will close my position becouse i think price need to go lower before keep going up but be careful look at 18/12/2017 weekly candle; it is a bearish engulfing and it means that 19800 level is good to short with a small stop so a good RR but we need to see price action before to take the trade.
So finally
I will BUY at green box ( Best RR ) or at the break and retest of 13868 level ( Good RR )
I will SELL ONLY at point n°2 if price respect the Bearish engulfing
2)If price close above 13868 level i will buy at the possible retest targeting all time high, in this scenario i think that if price reach all time high i will close my position becouse i think price need to go lower before keep going up but be careful look at 18/12/2017 weekly candle; it is a bearish engulfing and it means that 19800 level is good to short with a small stop so a good RR but we need to see price action before to take the trade.
So finally
I will BUY at green box ( Best RR ) or at the break and retest of 13868 level ( Good RR )
I will SELL ONLY at point n°2 if price respect the Bearish engulfing