Bitcoin Vs Netflix, Short the parabolic breakdown
Bitcoin market cap surpassed that of Goldman Sachs and then after breaking the parabolic advance Bitcoin dropped 70% from its ATH.
Netflix market cap surpassed that of Disney, the right catalyst cause a break of the parabolic move and offer a great shorting opportunity.
Entry
Break of the parabolic advance and fail to create a new high within a reasonable period.
Target
70% reduction for ATH
Reservations
Like Bitcoin, this advance could continue for much longer & higher than anticipated.
In my opinion, Netflix has a greater business model Vs other streaming services such as Spotify and Audible. This is due to NFLX focus on original (aka royalty free) content, however, AMZN will be hot on their heels with their similar Prime Video service based on a similar model.
Netflix market cap surpassed that of Disney, the right catalyst cause a break of the parabolic move and offer a great shorting opportunity.
Entry
Break of the parabolic advance and fail to create a new high within a reasonable period.
Target
70% reduction for ATH
Reservations
Like Bitcoin, this advance could continue for much longer & higher than anticipated.
In my opinion, Netflix has a greater business model Vs other streaming services such as Spotify and Audible. This is due to NFLX focus on original (aka royalty free) content, however, AMZN will be hot on their heels with their similar Prime Video service based on a similar model.
Comment:
Eyes on $NFLX
Trade active
