Sort:  

Depends on what exchange you're on.
Never dipped below 12500 on mine.

On the chart he posted, which was Bitfinex, the count remains valid as long as it doesn't hit $11600 or so at the blue circled 2. Even then the count could morph from 1-2, 1-2 to 1-2 with an expanded flat as long as a lower low isn't put in below the white 5 that preceded the blue 1-2.

well it hit 11650 in Bittfinex. I think it's going down more https://www.tradingview.com/x/4tD40cxe/

But it's going up soon