  Let $E/\mathbb{Q}$ be an elliptic curve, $p$ a prime and $K_{\infty}/K$ the
anticyclotomic $\mathbb{Z}_p$-extension of a quadratic imaginary field $K$
satisfying the Heegner hypothesis. In this paper we make a conjecture about the
fine Selmer group over $K_{\infty}$. We also make a conjecture about the
structure of the module of Heegner points in $E(K_{\mathfrak{p}_{\infty}})/p$
where $K_{\mathfrak{p}_{\infty}}$ is the union of the completions of the fields
$K_n$ at a prime of $K_{\infty}$ above $p$. We prove that these conjectures are
equivalent. When $E$ has supersingular reduction at $p$ we also show that these
conjectures are equivalent to the conjecture in our earlier work. Assuming
these conjectures when $E$ has supersingular reduction at $p$, we prove various
results about the structure of the Selmer group over $K_{\infty}$.
