KennySniper

KennySniper Updated 

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 Updated 

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 Updated 

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

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

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...

KennySniper

Targets for Bitcoin to sub $3k levels, but I am taking profit at $3k considering their is a relevant key level of significance right under the $3k levels. You could also take out profits in levels using each of the baby blue lines.

KennySniper

I believe it will most likely reach $65 in the next few days..hitting the interims in pink respectfully along the way to its main target. Stop Loss: Green Line Enter Short Position: Red Line Targets: Each pink line with the main target at $65

KennySniper Updated 

This pair is currently in an micro uptrend and still expecting it to see further upside What I plan on doin on this trade is ... Enter: 14.5719 Target: 14.76 Stop Loss: 14.4938

KennySniper Updated 

We are showing a strong trendline ranging back from 2015. Each with strong bounces (highlighted) every-time it touches the trend line. Eventually beginning of this year, BTC went parabolic. Looks like we need to retest the trend line for another strong bullish move back up. There is strong support for this down move with the Macro H&S forming at the current...

KennySniper Updated 

Bitcoin has been looking weak for several weeks now with strong quick down legs and slow forming up grinding legs. This is a bearish sign. Looking at the On Balance Volume, it has also been showing lower highs and flat bottom lows which is another bearish sign in volume. The overall Macro trend also remains overall bearish with the AMA Cross Bearish and also has...

KennySniper Updated 

ETH/USD is forming a nice symmetrical wedge or an HVF. With the overall macro trend being bearish at the moment, this looks like a good short. With two different targets set (pink lines), I plan to take some profit (50%) at first target and another (50%) of my order at the last target if this breaks the red line support line. The last target at about $208...

KennySniper

A few months ago, I estimated BTC to reach a range of about $3700 when it was trading around the $6k region (check my earlier posts). With it dropping, I still don't yet see this as a time to call bottoms and buy as it is never safe to do so. Forming a solid triangle pattern, I have three targets set with the main one being at the $3007 levels. Alpha Sniper...

KennySniper Updated 

ETH has been dropping in value significantly in the past few months. ETH overall trend is bearish with condensing volatility in its pattern. This is a strong sign for a major move...either bullish or bearish. Based on my analysis, I predict a hard drop from the red line, validating the pattern. Your stop loss should be at the green line (or slightly above it)....

KennySniper Updated 

EFAV looks like it topped out. It capitulated downside after the first topping and staggered back up to the upside (which took some time to form, with eventually a quicker capitulation back down to the downside. Over time you will notice that the time frames of rising and the falling become quicker (with rises legs taking longer to form than the down legs which...

KennySniper

Wells Fargo created an HVF pattern starting from around the year 2009 leading up to about 2012. It broke out of the funnel, hitting both targets nicely. It hit perfectly at the main target for its ATH (creating the head for the H&S pattern) then dropping right back down. It is seeming to come to a finish on the H&S pattern and if it breaks the neckline, we could...

KennySniper

Macro Trend: Bearish. Current Pattern Trend: Bullish. HVF continuation pattern to the bull side. Momentum of the legs show strength to the bear side. Price action showing reduction in volatility in correspondence with the OBV squeezing. Keep in mind that we are also sitting on top of a previous recent funnel at the moment A breakout is about to happen...

KennySniper

This is the NASDAQ graph ranging back from the late 1980's. We are due for a HUGE market correction. Prepare for one of the worst financial and economic crashes the U.S. has ever experienced with the next year or 2. We will see a lot of market upside for the next few months - year. Once this over extended market completes its cycle, phase 5 should take place and...

KennySniper

Inverse Head & Shoulders set a target around a previous regular H&S target. The Inverse Head & Shoulders Target to about $7800 also came around the top of my HVF Funnel. Once the chart breaks and close above the neckline with strong volume, I will enter for a long with about a 2% stop loss.