thinkbot

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Classic Double Top Formation On 4HR Chart Double top formations are some of the easiest to learn and trade as beginners and experts. They typically consist of price rallies within a time span that reach a relatively similar price level, and have a definitive pullback between the two. Here, as we take a look at the 4HR candles, we can see that we have an easily...

thinkbot Updated 

NEO has been making hard gains in the past 12 hours following news of the Microsoft developer competition supporting them and a few others listed below. After seeing a 40% increase yesterday with some pullback and minor consolidation, as more news leaked out, NEO climbed to about $44 overnight in the USA. Once reaching $45, it met some resistance as a high sell...

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After watching BTCUSD all day sharpen its triangle pattern, it began consolidation and has tightly knitted its price action in the last few hours hovering right around $6600 with outbreaks as high as $6800. The Resistance level above the triangle breakout around $6750 has now been retested. If after one more cycle we see a Price Action above that resistance level...