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 challenges Fibonacci resistance

Bitcoin is in a bullish short-term trend. Price is making higher highs and higher lows after breaking above the $47,000 resistance. Price is challenging the 78.6% Fibonacci retracement of the entire decline from its all time highs to $29,000.


Black lines - Fibonacci retracement

Bitcoin is now challenging the 78.6% level. This is Fibonacci resistance. Breaking above this level will increase chances of price moving to new all time highs above $65,000. The RSI has reached overbought levels. Chasing the price here to go long is risky. A pull back is justified in the short-term. However there is no sign of a reversal yet. Bulls remain in control of the trend.

The material has been provided by InstaForex Company -