Bitcoin - Head and Shoulders 19-Jan-21

Trade 1:
Side: Short
Entry: 37000.0
Stop Loss: 42101.0
Target: 25007.0
RR(BTC): 3.90
RR(USD): 2.35

Trade 2:
Side: long
Entry: 24507.0
Stop Loss: 19999.0
Target: 31444.0
RR(BTC): 0.97
RR(USD): 1.54

Trade active:

Trade 1 Active

Order cancelled:

Trade closed in profit. High volume return move suggests potential manipulation to find liquidity above higher high, potentially at $50K

Trade active:

Trade 1 reopened, neckline appears to be strong resistance for return move

Trade 1:
Side: Short
Entry: 37000.0
Stop Loss: 42101.0
Target: 25007.0
RR( BTC ): 3.90
RR(USD): 2.35