nnichos

LTC USD descending triangle. short

Corto
COINBASE:LTCUSD   Litecoin
Someone smart said "don't look at the chart too closely". That's what I do sometimes and miss the bigger picture. We are in the triangle. Descending or going up? I would say going down, because we still have 2 big head and shoulders (the blue and the purple). But before we go very low, we should retest around $79 (or 81?).
My previous count (red numbers) was wrong. Now I believe it's correct.
As of now I see the the wave 5 (red. blue was needed to find the wave 4 red, which was a double top). Landing around 73.65 or 72.15 (looks less likely, but that's the length of the blue head). From there up to around $79 (or 81?). Which would form a triple top. From there down to $69. Then to the moon :)
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