Yes, Peter right on both point. It never happen that 50% correction not lead 70% correction and BTC not give new all time high within 7 month.
We use bitstamp chart to explain it which is from Aug 2011 while btc hit $30 in June 2011. That's why peter mention May 2011.
But again as we said that charts are like sea and analyst search pearls in that. You will find...
