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The Two Scenarios
BTCUSD
, 240
BTCUSD: The Two Scenarios
Updated 

If the price hits the green area it is likely to go up. If new lows close below the yellow line, I would be worried that it will quickly drop down to the red line.

Keep an eye out for an uptrend
BTCUSD
, 240
BTCUSD: Keep an eye out for an uptrend

If it pivots and starts trending up for the next two days with higher lows and higher highs, it will see a break to the upside at least in the beginning of 2018

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