Bitcoin Price Weekly Update: 10th – 16th February 2020

Welcome to another new week of profits with bitcoin. We are indeed full of profits this season. As expected last week we had a spike. Our uptrend is getting stronger and higher. We need to get another pullback before our next entry. For your entries always ensure you use the MACD upward cross to ride the trend. Some people have difficulty choosing an exit. Basically, this is preferential as some like to trade for long and while some only take the pumps. If your plan is to get the short runs and exit, e.g breakouts, then you can use the stochastic indicator as an exit plan. If you want me to treat this as a whole then signify your interest in the comment section. As for this week, we can still make our target that of last week, being $10,370 only if you wait for the pullback so you can get a better entry which is at the upward cross of the MACD.
Looking at the technical indicators:   
    • Major Support Level – $9,526
    • Major Resistance Level – $10,166

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for USD/BTC: for Naira/BTC:  If you have any questions, leave it in the comment section below. Disclaimer: This article is in no way a financial advisor for your trading. Any action taken in this regard is done at your own risk. Nigerian Bitcoin Community is not liable for any loss or gain as a result of the application of this content. We advise you to do your own research.

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