BTC Plunge
Price just took out the Dec 24 low and is approaching levels
were we might see buyers stepping in. Any reversal between
X and B, marked by the green Cypher pattern, is interesting as
a starting point or trigger of the pattern, but ideally around 12000.
Currently the knife is falling, and any longing should
be done after signs of support. Daily S4 is at 12115.
If price takes out the X low at 11159 this particular set up
is invalidated. A bounce from the 11800 (88,6 fib) would
trigger a Shark pattern. If price breaches the X level around 11200
we are looking for price to find support around the 1,272
extension, triggering an Anti Bat pattern at 9775 or close to 10000.
Update on Tradingview
https://www.tradingview.com/chart/BTCUSD/TMMjV7Ss-1-Crypto-H4-BTC-USD-Under-Pressure-Dec-30-2017/
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