The BTCUSD market continues forming the global corrective wave 4 as a double down zigzag [W]-[X]-[Y]. Wave [W] is a simple zigzag. The linking wave [X] is a bullish double zigzag (W)-(X)-(Y), where the sub-waves (W) and (X) have completed, wave (Y), composed of the sub-waves A-B-C, is yet unfolding. Let us see its structure in more detail in the shorter timeframe. {chart} It is clear that the impulse wave A has completed, it is composed of five sub-waves [1]-[2]-[3]-[4]-[5]. The market is now forming the down corrective wave B that could conclude as a double zigzag [W]-[X]-[Y]. There is now forming the bullish ... (full story)