Warmest welcome to today's trading journal update. How are you doing today? We reached the last day of this trading week. How much have you enjoyed this trading week? I have been waiting to close my running trades in Bitcoin since last month. There is no sign that I could close those trades soon. I missed some 100% perfect trades due to those long-lasting trades in Bitcoin. Bitcoin went to test the 51,000 level and then bounced back to test the 43,000 level. Now it ranges between the 47,000 level to 46,000 level. Ukraine is going to approve Bitcoin transactions. It's a good sign for the Bitcoin buyers, but it is bad news for my trading.
Scheduled news for trading:
Today is an important day for the CAD and the USD buyers. Friday trading is very dangerous and uncertain. Most of the expert traders advise avoiding trading on Friday. Check the enclosed scheduled information for trading and prepare your trading plan accordingly.
Update of my running trades in Bitcoin:
I opened another trade in Bitcoin. Now my total lot size is $0.04, which is very big in Bitcoin. Bitcoin looks unstable right now. But it won't be a wise decision to place a sell trade now. I opened it because I don't like to do hedging. Wait for the potential buying opportunity in Bitcoin. Follow the below trading strategy for trading:
Entry point: 46,000 level
Take profit: 50,000 level
Stop loss: 45,000 level
What do you think about those running trades in Bitcoin? Please share your analysis with us so that we can learn from your valuable and informative research. Have a wonderful trading day.