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 January 31, 2018

analytics5a71ccfa896c1.png

Bitcoin (BTC) has been trading downwards. As I expected, the price tested my third target level at the $9.857. Venezuela's president Nicols Maduro has announced the pre-sale of his country's national oil-backed cryptocurrency, the petro. In addition, he has presented and signed the official petro's whitepaper and unveiled the Petro Container for mining the new currency. Intrraday technical picture looks neutral to bullish.

Trading recommendations:

According to the 30M time - frame, I found an inverted head and shoulders pattern, which is a sign that selling looks risky. The breakout of $10.300 will confirm the pattern. I also found a hidden bullish divergence on the stochastic oscillator, which is another sign of strerngth. My advice is to watch for potential buying opportunities. The projected upward target is set at the price of $10.985.

Support/Resistance

$10.479 – Intraday resistance

$9.715 – Intraday support

$10.985 – Objective target

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