The 2018 downward trend has been broken to a small degree over the last couple of three days and support has been established around the 6750 mark. The break out of the last couple of hours is interesting and it’s pushed up to the previous support of around 7700.
The self proclaimed ‘gods of TA’ say it’s going down to 4-5k. I’m guessing it might briefly dip under 6 in the next couple of days but as a long term holder would be happy to be proven wrong. The new breakout is higher than the breakout at the start of March but it is also much more severe so that sort of makes me think it may be manipulation ahead of an expected dump, time will tell.
On another tangent, has anyone played with the paper trading? From 100,000 start, I’m up 5 million after a couple of days mucking around. Surely real life is nothing like this? (I’m a total newb to trading just to put this in perspective).