Hey! My current entry stands at 10650$ with a target at 9200$ and stop at 11090$ which if we calculate the difference between reward and risk, we are risking around 450$ if we loose while aiming for a 1450 gain. Thus the Risk:Reward of the trade we are considering is 1450/450=3.22

Because the head& shoulders already broke out, the trade that is being considered has actually a low probability of being triggered. My scenario is that the Bitcoin price would return slightly above the neckline of the head & shoulders.

Looking at it this morning, the price returned to the neckline but severely dumped straight down. This makes me lean for a potential inverted HVF structure in formation.

In case you don't know what a HVF is, you can check out the post where I go over the basis of HVF Theory and what characteristics of price behavior I am looking for on a chart:

https://steemit.com/trading/@beindependentbb/19-what-is-the-hunt-volatility-funnel-hvf