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



Bitcoin expected to bounce higher this week.

Bitcoin is trading above $44,000 price level and the key short-term support area that we mentioned in our previous post. Bitcoin short-term price action and RSI price action point to a short-term bounce at least. Bitcoin has many chances of reaching $49,000 again, this week.


Green lines- Fibonacci retracements

Red lines - bullish divergence

Green rectangle - bounce target area

Bitcoin is in a bearish short-term trend. Price is making lower lows and lower highs. The RSI is not following providing us with a bullish divergence signal. As long as price is above $43,000, there are increased hopes for a strong bounce towards $49,000. So far the 38% Fibonacci retracement has held. As long as this support area remains intact, price will be expected to move higher.

The material has been provided by InstaForex Company -