If price falls bellow 32.8k then it can retest 31k level
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Price can fall hard from between 34k to 34.6k level and if that happens then strong support would be 31k to 31.5k
however the above scenario is very unlikely
these are my personal opinion.
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Price should not fall bellow 34k
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if it falls bellow 34k then above idea will be cancelled
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seems good revarsal from 0.786:
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I think they are making bear traps I really expect upward movements however it can take time and can make you feel like our support is going to be hit but it is not going to hit
As of now it seems like we are in a symmetrical triangle with HL and LH, why are you inclining more towards a push-up?
tvcross
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@metalalchemist, as i said, so far it looks like bear trap to me, lets see what happens. i dont see strong reason to believe downward so far. however that is not unlikely.
ponzialchemist
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@tvcross, To me, it seems like we are just trying to move low for the day close currently, so I guess we will not see any retracement until then.
tvcross
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@metalalchemist, lets see where it closes in 20 minutes