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Bitcoin Reversal Signal on WEEKLY - part 2This is a follow up of my other idea ''Bitcoin Reversal Signal on Weekly''. Here, I predicted that bitcoin would reverse on the major weekly rsi divergence and it did for sure! Now looking at the daily chart: I don't think this bounce is over yet, I think there is still some juice left. To me it looks like BTC is forming an inverse head and shoulders, this breakout could send us pumping really hard, however, there is still a big resistance zone at 30k. I think this move can reach 30k for sure, there is a chance at 30k would break and then I think we can overshoot towards 40k+. Is the bottom in? I'm not sure, but for now, I think Bitcoin has some room to go the upside. Remember that we went down for more than a year without any significant counter-rallies, so I don't think this rally is unjustified.
BITSTAMP:BTCUSDLong
by CivilisedWolf
NFLX to reach 180 by the end of SeptemberNetflix (NFLX) has been forming an ascending broadening triangle since May and fully established a support level between 162.71 and 169.70 from the middle of May to the middle of July. Then the price reached a resistance level of about 250 in the middle of August. In my opinion, NFLX is nearing the end of a 2+ week consolidation period and has formed a bearish head & shoulders pattern. In addition, the new descending trend line and 3 bearish key reversals suggest that the price will move lower approaching the support level of 174 by September 30, give or take a few days. See my recent analysis of GOOGL to see how I marked support and resistance levels and observed key reversals to make a very accurate prediction (or maybe I was lucky). Disclaimer: I am not a financial advisor, and the above statements are not investment advice. My comments are only intended for educational purposes. You are solely responsible for your own trading decisions.
NASDAQ:NFLXShort
by cdnbuzzard
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