H4 visa stamping on top of h1b vissa

I spent a year and a half in the United States on an H1B visa, which is valid until July 2019. The application sent for H1b renewal and then denied f. If we assume that the H1B is for six years, I still have four and a half years left. My spouse could soon take an H1B trip to the United States.Can I apply for an H4 visa now and go with that? Is the H1B visa going to be revoked/cancelled in this situation? What are my possibilities of finding employment in the US if I enter on an H4 visa holder?