Bitcoin found key support + reverse head and shoulders

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
  • Following an extended wave (5), BTCUSD found support at the wave 2 closing low of one lesser degree.
  • 3 major touch points at this support line and previous resistance
  • From 2018 June - July BTCUSD price has formed a reverse head and shoulders pattern
  • Bigger picture, a corrective (W)-(X)-(Y) Elliott Wave pattern looks to be complete indicative of much higher upside potential
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