BTC risky trade that I took - I don't recommend shorting BTC - instead buy low

This is indeed a risky trade, but I don't loose much if it goes wrong. I have a very small stop which is the reason that I did it. And I could win a weekly salary if I am right.

The trade is already well in profit and I could tighten my stop so that I won't loose anything if it goes wrong, but I will not do that until there is a successful pullback. This trade needs to be able to "breathe". I had to do it because my wave count suggested it.

UPDATE: The trade is safe now. No risk at all, only potential, I was able to tighten my stoploss

If I am right, this is what this move could look like:

The blue line is my SL. The low at the green line should be broken if I am right about this.

I RECOMMEND NOT EVER SHORTING BTC TO EVERYONE WHO DOES NOT HAVE AT LEAST 3 YEARS OF TRADING EXPERIENCE. In the long run, buying BTC should always pay out, but shorting won't unless you know when to do it.

The pullback that I am looking for is happening while I write this, so I will probably be able to set my risk to zero this evening.

If you think this to be useful information:

DISCLAIMER: I provide trading ideas using EW and Pattern analysis. The material in this post does not constitute any trading advice whatsoever. This is just the way i see the charts and what my trading ideas are. The author of this post is holding positions in this market at the time of this post.
If you make any trades after reading this post it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.

Tell me what you think...

Have a nice day :-)