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.
+1, Master has a much better track record than Enky. However, Master's current wave counts seems wrong to me, I mean saying that the historical wave 3 has ended, not its 3rd subwave (i.e. (3)).
Can't say I've read his previous entries, only read about ENKY recently since ML had an interest in his analysis. But his last blog entry and comments in that entry have been spot on, so far.
Hopefully ML is right though, but, I have heard other people being critical of his wave 3. In your opinion where do you think wave 3 would end?