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GE General Electric Speculative Buyondip with Stops below 12.50GE General Electric Not Dead Yet It's been a long time since the last update on GE - it's not been warranted either by the look of it. It's still unloved and untrusted. Depending on profile, this looks like one to accumulate at the these levels. After spending months in a relentless down-trend that began with the break below 30 (several months before any bad news hit the St) and which looks to be drawing, slowly, to an end, this looks like one to accumulate at the these levels and on dips back to 12.60. Downside is showing a loss of momentum and it's now moving away from the heavy parallel which has killed all rally attempts in the past few months.It's now using it as support on this current move lower. It may be unloved still, but this old girl still has a certain beauty. Look to buy around current levels down to 12.60 with stops below 12.60 by 10 pips or so. First target at 17.35, then 19.35. It will require a degree of patience, though ; )
NYSE:GELong
by sumastardon
VEN: Defibrillator PleaseVEN was anticipated to be one of the biggest coins this month, but quite the opposite happened. Along with some FUD, fro ma TA aspect this double top could put it into the ground. I find this highly unlikely with this coin though. Do not try and catch a falling knife, WAIT for reversal confirmation, especially with the possibility of a BTC pull back coming. When confirmed, if confirmed, this could yield massive returns in a bull season. Be patient and keep an eye out!
VShort
by infbp22
13
ETC Classic formationDear Cryptotraders, I would like to present You my period in short statement. You may wonder why only short? Kind of phase We need to pass through, slow, less and less volatile to dull everybody so They could develop Their buisness with astonishing comeback as proove of perversities presence in this system. This is my second short setup on ETC/USD pair, I stated under comments that ETC could go 10USD. Of course not so fast! :) There We would miss perfect oppotunities to play on 30-40% long bounces before ! Media are laughing at people that are holding fiat cash. Because companies are afraid people would short 'Em All ! Like some smart fellas in 2008. Enjoy! My previous analysis:
BITFINEX:ETCUSDShort
by pinfkloyd
4
3k bears still not dead?So, we did end the c wave at 1.23x wave a But, we didn't end the correction on any fib level which seems to suggest that the correction might not be over. Although we are bullish for now (till 16k area i expect), but we the bears may return. Some signs to watch out for: strong reversal after a 3rd wave up (c wave), we are currently in the first wave hidden bearish divergence on high TFs, probably on daily as we reach this point of reversal. Be careful :) #3kbearsclub
BITFINEX:BTCUSD
by RyanPal
Bitcoin Cash Dead Cat Bounce?Bitcoin Cash has tested some levels in the lower $1,200 handle. Thankfully, it rejected these and rebounded to $1,275, which appears to be a very strong level. Currently, it corresponds with the central moving average of the KRI. If current prices do not hold, we'll have support from $1,200, as well as Fibonacci levels at $1,144, $965, then the lower bound of the KRI at $1,075. If momentum reignites, we must break through the central moving average of the KRI currently at about $1,275, where BCH is currently hovering. Then we will need to best $1,400, $1,438, $1,500, and $1,522. The upper bound of the KRI will be the next point of resistance at $1,532, then after that, $1,764, the lower anchor of our nested Fibonacci levels, seems to be a reasonable target. Interested in the Altcoin Index and the Crypto Spread Indicator? Check them out here ! For daily commentary on cryptocurrencies, subscribe to our newsletter !
B
by quantguy
3