KennySniper

KennySniper

Not a mere prediction but extrapolating forward. FX_IDC:XAUUSD From 1976 - 1980, Gold from the bottom of the leg to the top of the cycle has risen approx. 690% and took about 1,247 days to occur. It has then proceeded to trend sideways for 20 years until its next bull run which has played out for a little over 10 years. During these 10 years, the bottom of the...

KennySniper

XAUUSD/BTCUSD currently in a macro grindline, which is bearish. Gold could outperform BTC or trend sideways for a bit but in the macro, it will take more Gold to purchase 1 BTC Buy Bitcoin & Buy Gold!! ....just buy more Bitcoins than Gold

KennySniper

Possible Scenariocasts For The S&P500 $SPY - $SPX: 1) Parabolic move up, surprising most peoples expectations (green) 2) Quick "Peek a Boo" out the top of the wedge for a bull trap then fall (yellow) 3) Incremental demand from buyers are slowing immediately with a lack of volume for a price fall (red)

KennySniper

GOLD ($GLD) Currently in a bullish trend and displaying consolidating volatility which means a big move in either direction. Expectations of continuing in a bullish trend in a setup resembling something we currently have is usually more probable. I will be looking to enter the trade at $161.10. Intermediate target at $165.29 and full target at $166.83....

KennySniper

No one is talking about the $EURDOLLAR trade which is a highly probable trade to put on. If you think interest rates are going to near 0%, this will reflect it. The technicals also line up for me on this with a 4 to 1 Risk to Reward ratio. Everyone is concerned with the stock market which can be a laggard in following the actual economy. The price of...

KennySniper

S&P showing weakness out of the rising wedge, attempting to rise above its most recent high but failing. As price rises, there is no volume behind it and also shows an OBV divergence. Also notice the yellow vertical lines. It shows that on strong price selling reaction, strong selling volume pours in behind it with also an impulsive downmove in OBV. This will be...

KennySniper

This is a view of $BTC in a longer-term perspective. Bitcoin could see compression until 2021...when everyone gets super bored of it and volatility dies out. As the law goes, compressing volatility begets expanding volatility. Estimate target to about $24k and possible room for over performance. With the world leaning more in a Cryptocentric environment with the...

KennySniper

On average, the S&P for the past 2 recessions shows a full down move from its cycle highs of about 50% or more. We are currently down only 35%. Next significant support with Volume by price and support levels shows around $155. Let the chart guide you before the narrative

KennySniper

Bitcoins rising channel starting from 2014 to the current moment. The yellow lines are the date of the Halvings and the baby blue line is the ATH for that current cycle. The next halving is an approximation of course. I suspect a consolidation of volatility into the date of the next Halving event and then a breakout that many will FOMO into

KennySniper

Using Elliot Wave theory dating back to the 1987, the Elliot wave theory would have predicted the stock market crash that occurred during 2000-2001. After over 9+ years of a consecutive bull run, we seem to have a similar formation in our markets that replicates almost of what started in 1987. Could we be topping out to what timing seems to correlate with bad...

KennySniper

$BTC #Bitcoin in a clear secular bull trend happening here on the log scale. If considering a relative time frame extrapolating previous data, I can see Bitcoin continuing trend to making $100,000 value by next year. It sounds absurd until it happens.

KennySniper

BINANCE:BTCUSDT has established its strength in the markets lately as the dominant coin again. BINANCE:BTCUSDT seemed to have taken a nice breather and is most likely setting up for its next run up. With moving averages to support this bull trend, I have two targets set for this trade. Target 1 : $8,800 Main full target : $9,400 We can easily...

KennySniper

XLM - Stellar has created an inverse head and shoulders with moving averages coming at intersecting point soon to reverse to the upside. This has been one of the few coins that havent performed strongly yet in the rise of Bitcoins price. Technical Analysis gives us a target to around $0.20 with possible scenario of over performance. The time frame for this trade...

KennySniper

Strong rising wedge for the S&P. Could this take a healthy fall back down...RSI implies it is overbought Also we had a parabolic move up from the lows of December/Jan...with no real healthy moves down for a recovery period on the way back up Hypothesis: price reaches near ATH to fail at resistant levels. If it price proves to move back down, I think it could...

KennySniper

Ive switched my position from bearish to bullish considering the FED delayed interest rate hikes until possibly next year. Possible target for this S&P index is mid $300's. Forming an inverse Head and shoulders with a strong right shoulder compared to the left which is very bullish. Intermediate - bullish (1 year) Macro - bearish (3 -10 years)

KennySniper

Using the Elliot Wave Theory on the S&P, if this plays out, things could get really ugly in the near future. US economy already looks weak with the fundamentals lining up We already recently seen a strong climb back up with the bulls seeming to exhaust out. S&P has already started to see some significant red candles over the past few days. Could this be the start...

KennySniper

Twitter has been setting up a couple pretty strong bear patterns. There is a nice forming H&S pattern with the right shoulder forming a low slung triangle pattern with the down-leg candles strong the the up-leg for the triangle and also the H&S pattern. Moving averages has also decided to cross bearish with price action showing below it. The 100 EMA on the week...

KennySniper

The stock market has been rallying bullish the past few days and weeks but with negative news in the economy and with the trade war, the US Dollar and US market could be heading into a bear market soon... We could be looking at a suckers rally at the moment. Here are a few reasons why... 1) Price gets rejected at the top of funnel (Green Line) which is a strong...