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Rebound

BTCUSD - Possible reversal on 9500-10000 levelHaving a look on the dollar index (See the related idea below) , we can see a falling wedge which could lead to a reinforcement of the dollar against all currencies including the bitcoin. Currently we can see on the BTCUSD chart that the price is testing a resistance between 9500-10000. The setup will be invalidated if the price goes above 10500. In case of validation of the potential reversal the next target could be very low around 3000.
BITSTAMP:BTCUSD
by Traderscope
6
BTC Holding above the 200MABTC Holding above the 200MA on the daily is a good sign of a reversal in market sentiment. This is signaling rebound. Additionally, BTC has started a 9-day setup on the green one candle after breaking out of an ascending triangle pattern. Happy trading. ~J This is not advice. I don't need to be right or wrong. I don't care if the market goes up or down. Make your Own analysis and trade off of that. If you have positive, constructive criticism and wish to share, Please do. Agreeing or Disagreeing is not personal and is welcomed in a positive way. Remember to go outside and get dirty or climb a tree and stuff.
COINBASE:BTCUSDLong
by JohnnyJi
GE - Time to bet on a rebound?THE BACKDROP GE closed at $32.25 on Dec 20 2016, at the top of its long term trading channel. The stock has lost 50% since, closing at 16.26 yesterday. This downfall has been ugly, with heavy selling volume, especially most recently. There is no telling how much lower the stock will go. Currently, the stock looks oversold on all time frames and could be ready for a bounce-back on any marginally positive news - Perhaps as early as this week when the earnings are announced and we start to hear about measures to fix the business… THE TRADE I do not like to catch falling knives, and would not normally be compelled to enter a stock with disappointing fundamentals and such an ugly technical configuration. However, there is an options trade which looks interesting at this stage, and might be worth considering ahead of earnings publication in 2 days. Look to get synthetically long close to the money, and to finance such position by selling a longer, further OTM put. THE SETUP 1. Sell $15 SEP PUT and cash in $0.94/share (indicative). 2. Buy $17 JUN CALL and pay $0.92/share (indicative). THE OUTCOMES If the stock trades up, capture synthetically the full upside. If the stock trades down, the worst case is to hold GE at $15. If the stock remains range-bound —> No impact. THE ALTERNATIVE For those looking for risk-less opportunities, and do not mind paying for them, look to trade only the second leg (buy call)...
NYSE:GELong
by HAL9000
2