Bitcoin (BTCUSD - Bitfinex) has completed its ABC zigzag pattern for Y wave in (X), which is the end of (X) wave and now it already started (Y) wave down with sharp fall, which is the wave 1 of wave A of ABC pattern of (Y) wave down. Overall Bitcoin has completed impulse cycle up side from last major bottom and now correcting it in B wave downside in 2 hr time frame.