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


Powered by Blogger.

Welcome To Money Grows Network

Verified By

2006 - 2019 ©

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.



Expert In



Trading Signal for Bitcoin for August 19 - 20, 2021: Buy above $ 43,750


Bitcoin price was trading at 44,273 this morning of the American session, close to the strong 6/8 Murray support located at 43,750. We believe there could be a further bullish momentum for Bitcoin due to the formation of a descending wedge pattern.

The 21 SMA located on the 4-hour chart at 45,500 could offer some resistance if BTC starts a bullish cycle, a sharp break above the technical pattern and a consolidation above the 21 SMA could quickly rise to the resistance to 7/8 of Murray located at 46,875 and could reach up to the psychological level of 50,000 (8/8).

Conversely, a break and consolidation below 6/8 of Murray and below the descending wedge pattern may provide an opportunity to sell below 43,000 with targets at 39,703 (EMA 200). If the bearish force continues to prevail, it could go up to the 4/8 Murray level near 37,500.

Our outlook will continue to be bullish for BTC only if it holds above 6/8 Murray with short-term targets towards the level of 50,000. The Eagle indicator is showing an oversold signal with a probability of a new bullish momentum in the next hours.

Support and Resistance Levels for August 19 - 20, 2021

Resistance (3) 47,376

Resistance (2) 46,661

Resistance (1) 45,551


Support (1) 43,537

Support (2) 43,009

Support (3) 41,889

The material has been provided by InstaForex Company -