#Update ideas on Bitcoin dated April 07 .
From 7450, Bitcoin began to slide down. In 7 days was formed some kind of five-wave structure with multiple overlapping. I marked it as leading diagonal triangle in the first wave, after that printed zigzag in (2) wave.
Also is likely the scenario as on ETHUSD, where a triple zigzag complicated the correction. Instead...
Apparently, the upward corrective movement is more confusing and complicating.
I assume the scenario of five wave corrections in the form of a triple zigzag W-X-Y-X-Z in wave (B).
Now, his last wave (c) of (Z) of (B) is completing the formation.
Globally, on the daily chart, I marking a flat in wave (X), where at the given moment, is...
Having examined in detail the wave structure from the beginning of the decline, I conclude that an increase from March 23 of + 30% , is only a correction of the decline impulse.
This correction I marked by the fourth wave, which is most likely already formed. From 24000-24400 I expect a continuation falling in the fifth wave, with the aim of...