Bitcoin — Wave (IV): Simple Zigzag or Complex Correction?BitcoinOANDA:BTCUSDMehdi_Abbasi_EWPIn the aggressive scenario, the current structure can be interpreted as Wave (IV) of a larger degree. Based on the current wave count, Wave (IV) is developing as a Simple Zigzag with a 5-3-5 structure, and we are currently in the green Wave (2). The peak of Wave B represents the invalidation level for this count. If the current structure completes as a Simple Zigzag, lower price levels, including the $30K–$40K region, may become relevant. However, the structure itself must determine the outcome rather than the price target. On the other hand, if the larger structure develops into a Triple Zigzag, seven swings have already been completed. In that case, the current move could develop into another Wave X, making the correction larger and more complex—or the existing structure may already be ready to transition into the next leg of the pattern. For now, the primary focus remains on price action and the development of the next structure. If the market produces a valid impulsive move, the current scenario must be reassessed. However, as long as price remains within the invalidation boundaries and the corrective structure remains valid, the continuation of the correction remains possible. The Conservative Scenario also remains valid. Under this interpretation, Wave (II) may have already completed as a Double Zigzag, meaning the current structure could represent the beginning of a new bullish cycle, with Waves 1 and 2 developing at a higher degree. In this case, a strong impulsive price action and continued bullish structural development would add significant weight to the Conservative Scenario, while a break of the invalidation level would be an important condition for rejecting this interpretation. However, based on the current structure and available market data, the Aggressive Scenario remains more probable for now. We currently have seven swings within the larger structure, and we need to see whether the market develops another Wave X, expands the correction into a more complex structure, or transitions into the next leg from the current region. Ultimately, we do not force a scenario onto the market. The structure, the rules and guidelines of the Elliott Wave Principle, and price action will determine which scenario gains strength. — Mr. Nobody Independent Elliott Wave Principle Researcher “Patterns whisper. I listen.” 📊🎧 Bitcoin 5 days ago ₿ Bitcoin | The Structure Must Confirm 7 days ago Bitcoin: Double Zigzag or Triple Zigzag? | Elliott Wave Analysis