March- Major Support Lost During Sideways Week

By Seven-NATE-Nine | Invest with Nate | 13 Mar 2022

“The rear view mirror is always more clearer than the windshield.”

No one can predict the future with 100% certainty, but we can learn from the past. Looking back at how the markets have performed during previous months and years can give you an idea of what may be in store for the future.


January 2022 closed as a red month and near its historical red average with a loss of about 16%. Bitcoin had 3 consecutive red months before the month of February brought some love to the market! Surprisingly on its last day of the month the bulls pushed Bitcoin and broke through the $40,000 resistance and went as high as $44,000 before coming down and closing with a green monthly candle at $43,000. 

What’s next for Bitcoin in the month of March?


The month of March is typically a good month for stocks. Going back over the last two decades March has been the second strongest performing month for the S&P 500.

NOT for crypto currency though…


Historically the month of March is one of the worst months of the year. Over the past decade seven of the last ten months closed in the red, with Bitcoin losing an average of 13%.

BUT… things could be different this time.

For 3 consecutive months Bitcoin has closed in the red. The last time this happened was in April 2021. Following those 3 red months, Bitcoin exploded over the next 4 months and ultimately made a new all time high in early November 2021. February closed green, maybe March will too.


Investors and traders should be cautious this month (especially with certain world events happening). The months of April, May, November and December have historically been green months, but 2021 decided that they all would be red last year. And March last year was green! Maybe Bitcoin will get lucky again this year... 

The Bitcoin Fear and Greed index has been bouncing between “Extreme Fear” and “Fear”… it is currently at “Extreme Fear.”


During the first week of March the Bitcoin bulls couldn’t hold onto the momentum that February’s ending candle created. Just one day later Bitcoin rejected the resistance and the bears took the price back down below the $40,000 support and it is now testing the $38,000 support once again. 

This second week of March was just as volatile as the first week of March with Bitcoin pushing up to $42,500 one day, and then plunging back down to the $38,000 support line the next day. The Bitcoin bears broke this critical support just as the weekly close was coming to an end. Bitcoin will once again be retesting the $36,000-37,000 zone. What I though initially was a boring sideways week with Bitcoin forming higher lows and lower highs now turned into a breakout to the downside…

Hopefully this is a takeout and Bitcoin will rise back into this triangle and continue to remove sideways until it breaks through the above resistance and confirm a reversal…

If not… then more downside this next week



Anything can happen. Always expect the unexpected. Stick to your plan. Take profits. Set your stop losses. Don’t get greedy.


Thank you for your time! If you found this article interesting or helpful in any way please let me know in the comments below. Feel free to follow me for more articles on how I invest or how I earn other free rewards such as crypto, stocks, or gift cards.


If you don’t already have a Coinbase account then I recommend you create one as soon as you can! You’re missing out on easy free crypto every few weeks. I wrote an entire post about why I feel everyone should have a Coinbase account. I invite you to use my Coinbase referral so you can get $10 in free Bitcoin and earn up to $29 in other cryptocurrencies right away!

Want to play games to earn free crypto? I encourage anyone and everyone to check out RollerCoin for themselves to see why I enjoy it so much. It is by far the funnest way to earn free cryptocurrency. In less than 4 months I’ve already made more than $100 and the numbers are steadily increasing! Use my link below if you want some bonus BTC (1000 Satoshis) to start your RollerCoin account!

Want to make the most of all your free crypto? Earn interest on your Bitcoin and Ethereum while you HODL! Join BlockFi and use my referral code to get a $10 bonus in Bitcoin when you fund your account!

Feel free to use my referral link if you decide to create a Robinhood account so you can get THREE free stocks! AMC to the moon!! 💎 🙌 🚀 🌙


*Disclaimer- I am not a certified financial planner/advisor, certified financial analyst, economist, CPA, accountant, or lawyer, or anything important for that matter. The contents of this article are for informational, educational, and entertainment purposes only and do not constitute financial, accounting, or legal advice. Always do your own research.*

How do you rate this article?



Crypto Enthusiast and Aspiring Day Trader. Also Passionate about Family, Love, Life, Movies and Video Games. And Pets.

Invest with Nate
Invest with Nate

Who doesn’t like free money? I enjoy finding ways to earn extra money, whether it’s through gift cards, stocks, or cryptocurrency, with little to no risk. I am by no means a financial advisor. I will only discuss what I have experienced personally and have found successful and worthwhile. Feel free to follow along and maybe you’ll benefit in one way or another!

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.