MG Network

something big isHappening!

In the mean time you can connect with us with via:

Copyright © Money Grows Network | Theme By Gooyaabi Templates

Money Grows Network

Archive

Powered by Blogger.

Welcome To Money Grows Network

Verified By

2006 - 2019 © www.moneygrows.net

Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

Popular

Pages

Expert In

Name*


Message*

Elliott Wave analysis of BTC/USD for 08/04/2019

Technical market overview:

The BTC/USD pair has made another leg to the upside and the level of $5,290 was violated slightly. So far, the new swing high was made at the level of $5,310, but the move up is in three waves only, so it can be a part of a larger correction in the wave (4). If the price will move up higher from here, then there is a chance for another impulsive wave to unfold to the upside and the target for this scenario is seen at the level of $6,000.

Weekly Pivot Points:

WR3 - $6,920

WR2 - $6,094

WR1 - $5,671

Weekly Pivot - $4,832

WS1 - $4,470

WS2 - $3,620

WS3 - $3,234

Trading recommendations:

The longer-term buy order should remain open and the protective stop-loss might be moved higher to the level of $4,794. The daytraders should keep an eye on the level of $5,164 as any breakout below this level would indicate a deeper correction and further wave (4) development.

analytics5caae59153e3f.jpg

The material has been provided by InstaForex Company - www.instaforex.com