Why BYND is fairly valued: Explaining the BYND explosion!Why I think it’s a good stock:
Innovation: it’s a innovative product. Too much of today’s market is lacking real innovation. Unlike TLRY, a plant-protein meat alternative just didn’t exist. There was no commercial market. Simply put, people haven’t eaten this shit before. Best competitive moat is something completely new. I think it’s safe to say this is 10x better than any vegan alternative. Here’s a good sign: When other companies are marketing your product to their existing customers (see dunking) you’ve created something very valuable.
Management is solid: Look up the origin story- smart guys. Inventors. Seems like a good team. Managing the post-IPO PR well.
Market share growth: these massive partnerships they’re securing are expensive but crucial for distribution. And BYND’s biz dev team is crushing go-to-market strategy. Broad distribution, great marketing/hype, well timed into existing health trends. They’re doing the right things.
Ok, so you’ve explained the buy above. But at these levels, this has to go down. Come on, 600%? Bro I’m going to short… needforwant . com
Raising
BTC SHORT Term(UTC+8) 11.38pm. BTC SHORT TERM:
BTC is currently retracing from the recent dip to $8300. Form the candles pattern, we can see that BTC is zig zaging up a Raising Wedge Channel. The most plausible Targets are $9800, $10200 and if the market is really bullish, we may see it extend to 1.62 of wave 1 +wave 3.. which may top of around $11000.
Currently BTC has completed wave 4 and started of wave 5 with a very bullish candle. As wave 3 is less than 1.62 of wave 1. There would be a very high change that Wave 5 is extended. and can come in a 5 + 5 or 5 + 5 +5 wave pattern
The above target is a good entry for a short, of which we may see BTC dropping back down to around $8200 some time next week.
BTCUSD - Ending Diagonal fifth wave. Short opportunity...!ABC Correction target around $9600/-
If it retraces more, then BITFINEX:BTCUSD could reach 8900 with 50% fib retracement or 8200 at 61.8% fib retracement.
After the End of this correction, We could see good upswing with the start of Impulse Wave 3.
:)
Note: For educational purposes only, trade at your own risk.
Bitcoin: BTCUSD Stops need raising to protect weekend gainsBitcoin Update
Don't want this to turn over here now before China opens
but it could do without some buying power from 7460 level
to hold it up and then propel it through to a new high.
Want to protect gains by raising stop to just under 7450 on
at least half the position, if not all, according to risk profile.
Ideally it will trade sideways between high and 7460 and
then China could arrive to propel it substantially higher.
However it will need that power to take it higher from here.
So just in case it doesn't arrive, and it can only be deemed
50/50 chance in reality, we should protect the 400 points
made so far this weekend just in case the Chinese don't
come in to keep momentum going.
Also need to remain aware of just how high this has risen
and therefore just how low it could fall when buying power
wanes again. probably back to 6312, if not to 6165. If it
does we need to be flat and ready to buy again from lower
down. If 7450 gives way day traders will step in on short
side with stops above 7460 looking to drive prices lower still.