Technicals
BTC Update! Bigger picture outlook!Hope everyone is doing well. What a couple weeks or so its been in crypto.
I am heading out of town and will be gone about a week so won't be posting until I return. So thought now may be a good time to offer up my old weekly chart.
I believe the last time I posted this we were searching for a higher low compared to $3338 to then try and shift momentum and get the higher high above $4188. Clearly BTC did that and really anyone buying in on the weekly chart shift from its bearish lower highs and lower lows to the bullish pattern of higher lows and higher highs once we broke above $4188 have been extremely happy. Its been almost a straight bull run since then. Weekly chart is pushing above some major MA's. RSI is overbought for the first time since end of 2017! I have some old resistance points plotted from a while back so have left those in place. The past few weeks has been so bullish, we have not established much in terms of supports on the way up. I'd certainly be happy with some consolidation, a higher low and then moving up but anyone who has been in this market knows the bulls can start running more parabolic if FOMO sets in.
Personally I wasn't going to enter anything while being out of town but with the nice pullback over weekend of 10%+ across all names, I did scale into ETH, LTC, and a couple smaller alts. In hindsight, wish I had just played BTC but still very happy with my entries and will be a nice trade. For now I plan to just ride stop losses based on higher lows for these rather than trying to actively trade anything while gone. Will hope bulls continue the momentum and keep things pushing upwards but on a technical side, we really could use some consolidation and forming some bases of support.
Just My 2 Sats!
GBPAUD H4GBPAUD H4
Price has been moving in a downtrend forming LH’s & LL’s while also rejecting key fib levels at the moment.
Risk to Reward is around 3:1
We’d like for price to stay below 1.8300 overall for this setup to play out.
If price can break below our Trend line around 1.8200 then GA can push down towards 1.8100 - 1.8000 support level.
(Keep in mind high impact AUD news today at 6:30pmPST)
$ENT $647,000,000 in Revenues for 2018 Highly UndervaluedTons of Insider Buys from May, 21st to June 11th last year $10,742,000 worth of shares bought, tells me something that was in the making that could potentially take a year to resolve or complete is possibly coming up. Only thing that has me puzzled is the immense PPS drop recently.
seekingalpha.com
2018 Full Year Revenues: $647,000,000
4.5% Increase Year over Year
Adjusted EBITA $73,100,000
7.5% Increase Year over Year
2018 4th Quarter Revenues: $160,600,000
Adjusted EBITA of $17,000,000
Equipment Sales grew 34.5% Year over Year
150 New Aircraft installations forecasted for 2019
Here's some other DD:
1. CEO's goal is to achieve positive free cash flow by 4th Quarter 2019
2. Installation pace doubled from 4th Quarter 2018 to 1st Quarter 2019
3. January launched commercial service
4. 15 Air France aircraft in live service
5. Free messaging alongside paid browsing packages which offer over 300 movies and TV episodes
6. Touch Free via Satellite
7. 100+ Connected devices each flight
8. Launched Q1 2019 Captive Portal on SouthWest flights that saw a 40% jump in devices accessing the portal
9. Lauching Wi-Fi and TV support for Southwest Hawaii routes
10. Launched paid services on Norwegian flights in 4th Quarter
11. Signed new contracts with Norwegian and Disney cruise-lines
Much more in Transcript please read it.
NZDCAD MarkUpThis is my NZDCAD markup that I'll follow 'til 4.12.19. Levels are color coded so there's no confusion since I utilize multiple time frames. I react to levels, so I patiently wait to see certain things take place in the market. *DISCLAIMER* THESE ARE JUST MY HUMBLE OPINIONS, NOT TRADING ADVICE.