See, you guys read it all wrong. That chart isn't targeting $.05 for this correction (though I know it looks like that with the box and the note), it means we are correcting the entire history of Bitcoin. Not just the 2013 euphoria phase.
Get it now, wasn't clear to me at first glance.
Besides "we won't retrace 100% of wave 1", is there any other price level prediction that can be derived from that parse?