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.
The decline in the market value of Bitcoin and other altcoins is not something that one need to worry about too much because that have a positive impact for those who are yet to own some amount of Bitcoin and other altcoins in their possession to do so. And on the other way round it affect some people who purchase when Bitcoin value was higher.
Yes that is very normal for the market, we alwasy seen a big increase and decreasing in bitcoin price, but there is noting to worry about, i think that bitcoin price after every dump react very fast and we exame a very good increase in bitcoin price, theefore i think that there is nothing to worry about the bitcoin market and we should only wait for the good time.