BTC chose to make 5 waves up and stop my short out. For those who follow, you know that I reduced my shorts to half this morning before it was stopped out later:

Morning Update: I don't think this is going to work out. I reduced the short to half. Think it will be stopped out soon. Will have to reevalueate in the evening. The bulls are keeping BTC above the trendline, which is bullish...

So now I had to reevaluate. This is what I think is most likely going to happen to BTC now:

I am now looking to buy the next bigger correction (abc red).

There is a possibility for this to turn even more bullish soon. Meaning not abc but bigger 1-2-3

The trendline has been breached and the MACD has turned bullish too, as Hive account@haejin noticed yesterday.

Stay tuned for more updates

UPDATE: I also found an inverse SHS pattern, but the minimum target is already hit:

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 :-)