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 signals start of a pull back.

Bitcoin got rejected at the 78.6% Fibonacci retracement resistance and is now pulling back towards $55,000. Short-term trend remains bullish as long as price is above $39,500, but price is vulnerable in the near term to a pull back towards $50,000-$52,000 at least.


Black lines -Fibonacci retracement

Bitcoin price is getting rejected at important Fibonacci resistance. The RSI as we mentioned yesterday was at overbought levels and justifies at least a short-term pull back. Previous highs at $52,873 is our minimum pull back expectations. A back test of the broken resistance at $52,873 is our primary scenario. If Bitcoin prepares a bigger correction is difficult to tell right now.

The material has been provided by InstaForex Company -