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