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[GE] Is It Time For General Electric Bulls to Return?Noticed a Inverse Head and Shoulders pattern looking formation here. The 50 and 200 MAs also looking to converge around the neckline on 4-hr chart. The neckline at $15 seems to be important, it has held support after a sharp bounce from the lows in the '08-'09 crisis. If it can't hold above the neckline, some serious selling could occur unless fundamentals change. Don't have much fundamental basis for a bull view, though. We'll have to wait and see the next ER!
NYSE:GE
by NYFinancials
Head & Shoulders in PlayThe recent bearish breakdown has sent the stoch rsi to the bottom range but with the RSI not yet in oversold conditionas there's likely still more room to fall and the chart is forming a bit of a potential head and shoulders pattern on the 1hr chart. If the head and shoudlers is triggered it will drop us to to the 8,000s so keep an eye out for that...plenty of head and shoudlers patterns have failed to trigger so there's a chance this could be one of them but after the recent death cross on the 4hr I would not be surprised one bit if this triggers. I still feel like the lowest we would possibly dip is $7350 but think 7700-8100 is more likely...and below that thee 7500s seem liek a good rebound zone as well. The ascending grey trendline that has acted as a major support zone in the past is sitting right where the drop target of the head and shoulders pattern ends so it very well could be what finally bounces us back upward and continues the bull run. Choose wise limit buy zones and maintain enrves of steel and you will likely just accumulate more btc during this drop.
BITFINEX:BTCUSDShort
by DrDovetail
6
Doge Looking For BreakoutDoge has formed a perfect cup and handle pattern over the past few months. I originally predicted the bottom of the handle to be around 54 sats. With the BTC crash, we fell a little through that, and are now sitting around 52 sats. The 4h MACD is about to form a bullish cross. The RSI has bounced off the oversold line, and is forming a very clear bullish divergence over the past week. The MACD is also showing a clear, but more subtle bullish divergence. We have just had a bullish cross on the Stoch RSI earlier this morning. All these signs are pointing to a reversal in the price and that the bottom could be (more or less, within a few sats) reached. If you want to play it safe, you could wait for a confirmed breakout above the blue neckline. I have also outlined a few key resistances that should act as price targets. Currently, the neckline is around 74 sats, putting us at 42% increase from the current price. *my opinion - not financial advice*
Long
by green_brow
BTC creates a lower low; still forming handle.I exited my position once we dipped below $8790. At that point a lower low had been achieved on the 4hr chart which almost always tends to be just the beginning of further downside. However we are now in oversold conditions on the rsi and the stoch rsis buy signal line is finally curving back towards the upside. We also seem to have a decent sized support buy wall waiting at $8500...because of these support indicators there is a chance we may see a little bit of a bounce at 8500 however i think this will probably only be enough of a bounce to reach the top trendline of the handle before it bounces back downward and sees an even further dip. I believe the downside will continue until btc is finished forming the cup handle and since we've only just now formed a lower lower on the 4 hour chart I anticipate the handle will likely be much deeper than this. Of course I will always be prepared for the exact opposite outcome as well. I hope all reading prepare themselves for opposite outcomes as well.
BITFINEX:BTCUSDShort
by DrDovetail
8
ETHUSD Short and Medium Term Outlook ETHUSD As ETH continues to consolidate it's started to form a new pair of parallels at a less acute angle but it's holding up and making higher intermediate highs as it does so. The medium term trend remains positive whilst it continues to hold up off the lower parallel on all retests (the recent low was off the previous rally high) But in the near term it's struggling under the 765 line after a high at 768. Without Bitcoin to give it a boost it can move sideways to down for awhile inside the two blue lines on the chart and towards the lower parallel given enough time. But so long as it continues to hold the medium term trend remains positive. ETH nevertheless remains tied to Bitcoin's boot-straps. In the nearer term Bitcoin needs to break above 9400 to help ETH power higher through 768. And on downside Bitcoin has to break below 9300 to send ETHlower towards the 741 line and another meeting with the parallel.
BITFINEX:ETHUSDLong
by sumastardon
IOTA/BTC Mid-Term - Cup and Handle IOTA had a very good time in the last few weeks, but is this bullish trend going to continue? In this chart I just showed the trend movement, channels, and the possibility of having a Cup and handle in the next few weeks. The Coin is OVERBOUGHT, yet that does not mean it won't go up again. It is more likely to have a correction in the next couple of weeks, which is the best time to go long! Watch the trend, and do your research before any investment.
by PersianAnger
Head & shoulders triggered on 1hr chart pushes eve back to 5\13good time to short when we saw the priceaction break under the neckline with a noticeable surge of bearish volume. the eve trendline's trajectory has been pushed to the right significantly due to this and for now will still be able to reach the double bottom neckline by May 13th but only if we don't see further downside. If we do see further downside I anticipate the rebound support will be found at the 4hr charts 200ma line (shown here in blue). We may possibly throw a bearwick just below it at 9200 but I anticipate the candlebody's support will be found at the 200ma. If we dip further we also will most likely have to push the date of the eveline's connvergence with the double bottom neckline back further as well. I only expect to be short temporarily but I'll be prepared to ladder out more if the opposite of my expectations occur. you make your own decisions however for financial advise this isn't and your advisor I am not. Good luck and thanks for reading.
BITFINEX:BTCUSDShort
by DrDovetail
ETHUSD Ethereum Long and Short Term Outlook from HereETHUSD Long Term/Short Term Price Forecast Per Adua ad Astra Long Term That low at 360 was as big and meaningful as Bitcoin's at 6000. Perfect Gann numbers too. Like, reeaally PERFECT. Those lows are equivalent of the lows reached in the first internet cycle when Nasdaq Composite fell from 5136 to 1118, a decline of 78% in magnitude, playing out in 4 large waves over 31 months. For ETH the fall was from 1417 to 360, a decline of 74% - in 3 large waves over less than 3 months, so 10 times the speed of the Nasdaq/Internet generation1 exactly. Look what happened to Nasdaq Composite since: now at 7209 - up nearly 7 times over 16 years. No real reason to figure that the Alt markets will perform any differently in the longer term. Just 10 times quicker maybe! And if that's the case it's effectively a buy dips market for the next 1.6 years or 18 months or so - during which time ETH can reach 360 x 7 = 2520. Stay long and keep tracking it as it rises. Time will tell, as always. Shorter Term On and on towards the stars - a little local difficulty at 820 in very near term but it should push higher with Bitcoin still driving both Northwards but ETH still outperforming beautifully. This has already become the key larger market player in the resurrection we see across the market in general. Could be Google back in the day... It should push on to 869 and 896 (900) and later to 978 where it should spend time consolidating before breaking higher stiill (add at this point) to 1400 and yes, one day to 2520 too. Time will tell...never fails. Here's to ETH. Let's hope it doesn't either.
BITFINEX:ETHUSDLong
by sumastardon
4
Ethereum dominating over btc may have triggered c&hThe price action on ETH vs BTC has broken the hypothetical neckline on ethereums cup and handle and we have seen a nice bullish spike up because of it...however there were other higher candle bullwicks to the left of our rojected cup which means if the price action stops here at the same height as those bullwicks and turns back downward that this is the rea neckline height of the cup and we will likey start making the real handle from here...if we continue upward however then the real neckline is already in and the pattern has already been triggered...if we turn back downward and start forming a new handle it may be wise to short until the handle reaches its apex. For now though a potential triggering of ether's cup and handle pattern is very much in play.
Long
by DrDovetail
Siacoins successful cup & handle break is back for a sequel Siacoin is one of the select few alts whose cup and handle pattern has already successfully triggered without being a fakeout. It may not have reached the full projected breakout target yet but that's because on the way there it started forming another cup and handle around the smaller cup and handle. This is much like a cup and handle fakeout can do at first..however siacoin was not a fakeout as you can see by the large surge of bull volume right when it broke the original neckline. Siacoin is already showing you its plans for a sequel before it's original blockbuster has even left the theatres. Keep an eye on siacoin because it looks like it may be done forming its bigger cups handle...there is increased likihood that this bigger cup might not trigger since it already had one succesful cup but worth paying attention to none the less because double cup and handles can exist both in this fashion when it's a c&h inside a bigger c&h or when the cup of a smaller cup and handle is the handle of the bigger cup.
Long
by DrDovetail