Watch for breakout topside Fetch! If we zoomed in on the daily and 4 hour chart, massive 30-40% daily gains(today as of now 32%), zooming out we see a head and shoulders setup and saw it decline as is typical. Based on the bullish momentum as of late I predict Fetch to break and move bullish. Not financial advice but you all are my bestest best friends and we should get an apartment together.
MOM
Long Idea11/Feb/2020 10:57 AM AUTHOR: Brandon Gum
--
Not my typical idea, but if looking for momo, this is a candidate.
Expect price to stall a bit at 93.25
I have low expectations for this one and have no position.
On that note--> that has a RR over 3 yet stock is so extended. Is that rr of 3 realistic??? Or is there really more downside risk here?
======================
BTCUSD - Bitcoin - 31 Weeks to Lambo !Hello my fellow Bitcoinistas!
At the end of this past week the 20 and 40 week moving averages for Bitcoin have officially crossed over. Obviously if this holds the gap between the two averages will grow and as the weeks move on the cross will be solidly confirmed. the only way to undo it now is to have the bottom fall out for thousands of dollars and soon. I don't see that happening. You will also notice the time span from the last breakout (yellow) and the all time high at 31 weeks. If this breakout follows suit WATCH OUT! It's Lambo time!
At any rate, this is the main chart I am following for Bitcoin because I am not day trading ever little move. I am more interested in the bigger picture and the bigger picture is looking FANTASTIC! (In my opinion)
Good luck Bitcoinistas! May the odds be ever in your favor.
Retail sales (MOM) US, commentLet's wait for what the Census Bureau will give us :)
1. Actual > Forecast - most of us will think it's good for Dollar :) let's see
2. Friday will add some confusion
3. Having a bear at a lunch time on wall street? well not sure, however friday new's are normally so "short term"!
4. As a traders do care, let's see :)
TA view is the same!