MG Network

our website isOn Vacation

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*

Bitcoin breaks short-term resistance trend line.

Bitcoin has broken the $44,500 resistance and is now trading at $47,180. Price has broken above the short-term downward sloping trend line. This was our first bullish signal. Bulls no matter what must continue to defend the $40,500 price level.

analytics6157175b9e582.jpg

Green rectangle- support

Blue line- trend line resistance

Bitcoin has made a sharp move higher above $44,500 and is showing upside potential. Key support remains at $40,500 and at $42,800. Bulls must defend these levels. Trend is still bearish as price is still below the 18th of September high at $48,719. A daily close above this number will be a major bullish signal. Until then any bounce is considered a selling opportunity.

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