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 August 16, 2018

Bitcoin is still quite indecisive inside the corrective range of $6,000 to $6,500. The price has been a bit bullish recently after a certain bearish rejection off the $6,000 area with a daily close. The market is still residing in the indecisive phase where no definite pressure is being observed in the process. The price is being rejected off the parallel boundaries of $6,000 and $6,500 from where the price is expected to break higher because the false break structure has been formed in the process, following the previous price action. Meanwhile, a daily close above $6,500 is required for an impulsive bullish momentum in this pair which is expected to push higher towards $8,000 area in the coming days.

SUPPORT: 6000

RESISTANCE: 6500, 8000

BIAS: BEARISH

MOMENTUM: VOLATILE

analytics5b7597e20ba1e.png

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