80% prob. of downside continuation

Morning guys,

Now you probably understand why we've paid so much attention yesterday to 10.30K area. This is decisive level for Bitcoin market. And this is the reason why we've said yesterday - do nothing, wait for reaction
on this level.

Now, if you let me, there are few observations:

1. Market has dropped with acceleration through 5/8 Fib support, ignoreing as 1.618 AB-CD target as larger AB=CD target - both were standing at 10.30K, making an Agreement with Fib level.
2. We see acceleration of downside action, which is bad sign for H&S pattern, especially on the right arm.
3. BTC has hit daily Oversold, and I would suggest that we could see 9K level breakout yesterday, if we wouldn't have Oversold support.

The cornerstone of our medium term scenario is weekly bullish grabber and its lows around 9K area. Recent daily action significantly increases chances on 9K level breakout once market will leave Oversold area.
Of course we will watch for few days, whether wind will change or not, but miracles aside, and taking "2+2" suggests large daily AB=CD retracement to 7500K now as chances on breakout of 9K area significantly increased.

This doesn't change our strategy as it is suggested deep retracement before major wave of long-term rally, but it changes the price shape, how this retracement will happen. Currently we put "on hold" and "under revision" our former view of possible action to 15.30K target as it totally depends on survival of 9K lows, which now seems phantom.

Thus, bulls should do nothing today, while bears could use recent downside thrust on 4H chart and watch for DiNapoli B&B "Sell" pattern, but, this is short-term stuff...