Bitcoin short term bear trigger in place

Hey guys first post here. Not some super savvy technical analysis but I have been around the block a few times with parabolic markets such as Silver and Gold back in 2008-2010. So I do have experience and I also have a youtube account that I opened a few months back with around 45 subscribers and growing weekly.

The call: We were unable to hold the $500 psychological handle when we broke above $550 with a rally from the sell-off to $340. As we approach $500 USD have a short order placed AT $510-470$ looking to get out anywhere from $460-$400.