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*

Bitcoin analysis for May 10, 2018

analytics5af42ae4b3935.png

The Bitcoin (BTC) has been trading sideways at the price of $9.303 . Good news for American bitcoin companies, someone who wants much lighter Bitlicense regulations is in the running to be the next New York attorney general. And in China, a bitcoin mining hardware producer is planning a $1 billion IPO. Technical picture on Bitcoin looks bearish. Trading recommendations: According to the H1 time-frame, I found potential end of bullish correction (rising wedge) in the backgorund, which is a sign that buying looks risky. My advice is to watch for potential selling opportunities if you see a valid breakout of rising wedge. The downward target is set at the price of $8.950.

Support/Resistance

$9.352 – Intraday resistance $8.147– Intraday support $8.950 – Objective target 1

With InstaForex you can earn on cryptocurrency's movements right now. Just open a deal in your MetaTrader4.

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