lots of stops waiting to be taken out on bitcoin

I am staying flat on Bitcoin for now as i do not see a decent short nor a decent long setup.
What i am waiting for is an aggressive spike lower taking out those stops and go back up from that point. it has to be fast if we spike down and stay there we will go lower.
If it spikes down and we have a good reaction i expect bitcoin to go up to the red line ive drawn as a minimum. Alert is set at the lows