XRP messy but useful chart - How to trade a downtrending market
Hello everyone,
Sorry for the messy chart but I promise its very very helpful. Try reading it as a story, that should help you get the idea. Also, try zooming in and out to have a better view of the wave at any certain point.
Sometimes its good to look back at charts and see what you've done wrong and how you missed some signs. Personally, I did not trade every signal that I marked so don't feel bad if you did not either. This analysis should just help you view charts better and recognize more signs and pattern that can help you make trades even in downtrending market. Its ok to make mistakes as long as we learn how to avoid it the next time.
Hope you like it and good luck trading :)
***This information is intended to be educational only. I am still learning and practicing.***
Sorry for the messy chart but I promise its very very helpful. Try reading it as a story, that should help you get the idea. Also, try zooming in and out to have a better view of the wave at any certain point.
Sometimes its good to look back at charts and see what you've done wrong and how you missed some signs. Personally, I did not trade every signal that I marked so don't feel bad if you did not either. This analysis should just help you view charts better and recognize more signs and pattern that can help you make trades even in downtrending market. Its ok to make mistakes as long as we learn how to avoid it the next time.
Hope you like it and good luck trading :)
***This information is intended to be educational only. I am still learning and practicing.***