Crypto Market Crash AD 2022. Bitcoin (BTC) – Make Or Break! | Richard Nasr

Bitcoin Maintains A Steady Bullish Potential

BTC is sitting around a strong support zone 30k and lower trendline in green so we will be "looking" for buy setups on lower timeframes.

For the bulls to take over, for the correction to start, we need a break above the red trendline.

Meanwhile, we are a bearish and if we break below 30k, a movement till the next rejection would be expected (demand zone 20k)

Which scenario do you think is more likely to happen? and Why?

Read next: Altcoins: What Is Polkadot (DOT)? Cross-Chain Transfers Of Any Type Of Asset Or Data. A Deeper Look Into Polkadot Protocol | FXMAG.COM

BTC – Make Or Break! - 1

Always follow your trading plan regarding entry, risk management, and trade management.

Read next: Stablecoins In Times Of Crypto Crash. What is Terra (UST)? A Deep Look Into Terra Altcoin. Terra - Leading Decentralised And Open-Source Public Blockchain Protocol | FXMAG.COM

Good luck!

All Strategies Are Good; If Managed Properly!

~Rich

 

Bitcoin Maintains A Steady Bullish Potential

Richard Nasr

- Full-time Trader, Coach, and Founder of theSignalyst with 400+ Students Worldwide.
- Founder of RichTL, which is the first and only indicator of its kind to help traders make Objective Technical Analysis.
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- Featured on Influencive as one of the TOP 10 Forex Mentors in 2021
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