Zone for pull back based on price action and using indicators. Now we have a bearish market on cryptocurrency that moment but what are levels to stop or pull back .
Based on price action and fractal , indicators. I see a divergence in H4; if the trend line break and the price go up, then we have pulled back(wave or number 2). Then we need to check the wave 2 for the good zone to have the rising trend to 30k.
This idea is based on price action and trend line. You can see price cross trend line(red line), so it can go down to price about 30K then pull back to the trend line or goes up (40~60 %) of (1 to 2) to point 3 then crash down to 20K.
If you want to have a great investment in the medium term, you can buy BZRX/USDT
Stronger scenario BTC test price 42~43k then move up to 50~53. The second scenario move to 53~54k if broken up we should analyze again or touch the resistance zone then corrects
Be careful for your short-term trade on ADA.be prepared for a Correction again.
in 2017 & 2019 BTC start dumping Based on Fibonacci (-78.6% -> -50% -> .... -23.6% ) is this happen now!