This count is what comes into play staying on course for lower prices in the C down...
The up-momentum stayed weak, thus this count was done and provides pretty good argument for going short again on this pair...the Ending diagonal Triangle Count (EDT) from the previous trade idea linked below still stays an option for the LTC bulls...so there is something for the market to choose from...but the persisting weakness looks not to have been overcome yet,here...
The December plunge and the parabolic rise of the Crypto-Pairs needs to be eaten up by a slower moving correction...this are the rules of natural fractality... North will be the other direction to sail then, but till then: Let's ride waves and keep the affection for one or the other Coin aside...a bias can often be fatal for our trading accounts... Here, we try to trade what we see, and not what we would like to see...at least we tend to say: the numbing numbering of waves sooner or later kills the emotional favours and allures of any coin-affection...that's we we like this meticulous dismantling of the structures so much...(yawn)