A fall below $ 7,950 on the bitfinex will make it clear that the markup is not valid, because wave 2 can not fall below wave 1. This will be very bad.
I just want to say its a nature of bitcoins. It is not possible that crypto currencies will always keep going higher and higher. It can also Suffer a decline. So don't be panic sell. Just wait and hope for the growth of bitcoins. Bitcoin only gives you benefits when you invest for long term. You have to buy bitcoins now and hold them for a month or for a year. Panic sell won't give you any profit.
agree. it is actually pretty normal to see and witness these phenomenon because as you said earlier that is their nature and there were also factors that affects their price , that is why sometimes they rise or fall but overall the key in investing on bitcoin or any other cryptos is to have a patience in order to hold a little longer because if you dont posses it , you can surely be failed to earn a profit and youd rather keep on loosing.