I hate to say this but at the moment ENKY is looking more accurate than ML. ENKY's last post mentioned that if there would be a drop past the $9500 level it would go down to $7700 then go back to $9500 then into a bear market.
Not looking good guys.
Where does Enky says that? I only found a post where he says 7600-9500 is a support area - is that what you mean?
In his last blog post
https://btctrading.wordpress.com/I think that this market is headed well above 20000$ in the upcoming weeks/months, for completeness a possible bearish scenario would imply first a drop down to 7500$, a subsequent reaction to 9500$-10000$ before resuming the fall to new lows. This possible bearish scenario would convince me to liquidate all the bitcoins i bought in 2014-2015. As long XBTUSD stays above 9500$ im not worried for my long term position.
I got the 7700 bit wrong though, should have said 7500
Wow. Reading his blog entries we was wrong a lot.