Why would we be near the long term top when hype just started two-three mo ago or even at thanksgiving in earnest?
% of people with real wallets-not more than 5%, maybe even less.

To me this sounds like Internet circa 1996, maybe 1997.
I do consider the latest 'crash' to be an equivalent of the 1997 LTCM related "crash".
The internet "bubble" continued for 2-2.5 years afterwards.

We still have to have the mass participation here.
Once we get over 15% of the populace, then, maybe, we will be at the top with $2-4 tril or maybe even $8 tril market cap for all things crypto.

As far as I've understood he said if we touch 10K again it's double bottom and right to 70K after that, and if we go now to 2-5K instead of 10K then right up to 100K after that.

flag wedge a pennant? whats this ?

Ok, seems thus like we are having a OR a positive outcome OR something between bad and good which can end both ways OR worst case scenario back to six months ago and several years of nothing interesting and then moon.
Looks like a mexican standoff now, everybody is looking at everybody, what just happened and what is gonna happen now.
Fascinating but also scary as hell
I'm thinking rather 1 or 2, 3 is actually doomsday scenario to me, but it sure could  

The latest weekly candle from bitstamp
https://bitcoincharts.com/charts/bitstampUSD#rg30zigWeeklyztgSzm1g10zm2g25zv

How does this relate to what Vanga said here

In any case, we must look at the weekly candle - as it closes. If 10k will stand on a week level, if it does not hit the previous week bottom - the price will soon recover and popret further.
B любoм cлyчae нaдo cмoтpeть нa нeдeльнyю cвeчy - кaк oнa зaкpoeтcя. Ecли 10к ycтoит нa нeдeльнoм ypoвнe, ecли нe yдapит в пpeдыдyщee нeдeльнoe днo - цeнa вcкope вoccтaнoвитcя и пoпpeт дaльшe.

He said we must look at the closing of the weekly candle.  If it's above the previous week's bottom -- we recover.
But does previous week's bottom mean the previous week's closing or the previous week's low (the wick)?
Taken literally, the previous week's bottom is the lowest price of the week, in other words the candle wick.
Which would mean we still have breathing room.

latest, translated:

The patient does not look too well short term. Perhaps, more downside, but perhaps not.
The move up is still ahead [means it is not happening yet].

My interpretation: inconclusive, but i hope that his spine feels better .

Seems quite a bit premature for MasterLuc to assert that the "patient does not look too well short term", no?

We only recently broke above $10k, and pretty much went straight to $19.6k.  Yeah, after breaching $10k, there was nearly an immediate 27% correction from $11,350 to $9k, but the BTC price going from $10k to $19.6k was pretty fast.

It seems that we are also experiencing a pretty decent BTC price battle, now, with decently high trade volume.  

Sure MasterLuc is correct that the BTC price could resolve either UP or DOWN, yet since we have been in a bull market for more than two years, since about $250, and there is nothing meaningful really driving this price in the downward direction, besides regular corrections that attempt to allow buying support to catch up to current prices, still seems that from here the odds for an upwards price resolution are a bit stronger than the odds for a downward resolution.

From 3.5 to 20, the 618 fib level is 13.7, which we are breaching now. The 382 fib level is 9.8.

The buyer support @ 10 has not been tested. It's likely that's where we're headed. Once it bounces off of 10, we'll see.

You are assuming the drop from the ~20 high has completed. I am talking about the scenario of what happens if it's not, based on masterluc saying that one possibility is retesting 10.

Figuring out where the low is is the most confusing part. Masterluc puts it at 3.5 https://www.tradingview.com/chart/BTCUSD/3RjQGYZp-No-resistance-till-15000-when-3500-will-break-up/ .