PA has gradually edged across the base of this Fibonacci Fan TL. Assessing the wave formations today I detect that PA because late April seems ery much like a triangle for subwave b of tide B. Price could make yet another low (in wave ebook of this triangle) before breaking out to the upside in 5 waves. The strength of the structure of these waves and this thrust must give some clues regarding the intentions of PA.
With that said, there is still the prospect of enormous downside. I haven't revealed that this on the chart, since it could look hystrionic!
Present PA down from the label b (late May) could be the first 2 waves of a 5w wave C. Instead of the upward move labelled 2 rather than d along with c the structure that was 5w down would be labelled 1 inside this count. The chance of this count is bolstered by the fact that wave 2 (d on the chart)'d retraced 61.8% of wave 1 (c all on the chart). If this count is true we may see BTCUSD under $50 in strong sell-off!
Yet, for now I'm sticking with the count shown in blue on the chart below.
http://ubuntuone.com/5hR7eJnwjBzTGMWwcIYBFV