KennySniper

KennySniper

Bitcoin is showing signs of hesitation as it approaches the key psychological level of $100k. This highlights the market’s tendency to react to round numbers with caution and consolidation. The On-Balance Volume (OBV)—a tool that measures price action and volume—has broken its usual pattern. Historically, OBV tends to lead price by signaling divergence (volume...

KennySniper

$BTC & $ETH : what “if” scenario. Inv. Yield Curve potentially spoiling the risk-on environment but not without putting on a deceptive bull market first 🙃 More than average, a few months to a year of a growing equity market occurs from when a 2Y and 10Y yield curve inverts. The downturn is a surprise but has more likely occurred a year - to 2 years after the...

KennySniper

4 Hr Chart - $BTC seems to be losing steam w/ only marginally higher highs & higher lows. Volume shows a bearish div. Buying volume is getting weaker for every marginally higher highs we make. Seems to be a temporary loss of marginal buyers coming in or institutions taking profit. I have no interest in shorting but I am wary of holding heavy positions and also...

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 Updated 

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 Updated 

Entered the short on this trade at $4.65. The RRR on this trade for me was incredible of about 17/1 with booster IHVF's supporting target of the macro IHVF. Took some (60%) of profit off the table at Interim 2. Fallin over like Dominos

KennySniper Updated 

Qualcomm overall is a solid company and usually performs bullish in the longer holding time frame.. BUT.... I have seem to come across some shorter to mid time frame bearishness. First I' noticed QCOM forming a Head & Shoulders with weak looking shoulders that decline from the...

KennySniper Updated 

Bitcoin seems to be looking slightly bullish at the moment but its never safe to catch a falling knife. Strong confirmations are good to know if its a real trend or a bull/bear trap. In this situation, Bitcoin seems to be forming an Inverse Head & Shoulders with target leading up to price levels of $5600. This target has strong correspondence to a relevant and...