Devchart's lounge

AAVE Bancor and SNX added to coinbase, I wouldn't fomo here but could be some nice trading opportunities in the next few days https://twitter.com/CoinbasePro/status/1338590636069580802?s=20

a quick tutorial on reentries. Here is a recent example with COMP. COMP broke out and then dropped to retest the previous support zone. If you go on lower timeframe you can actually try to adjust your levels and also visualize patterns. For this example you can see that it has been bouncing off a nice trend line and when you add support confluence, you can get yourself a nice reentry. And even if it doesn't work, your invalidation level is just below the support zone so you can exit quickly and lose just a little

BTCUSDT 1h Price Approaching Resistance TV Link Exchange: BINANCE Price: 19274.550 USDT Price Diff: 0.66% Volume: 25394934.032 USDT Volume Diff: 56.89% 24hr Volume: 2257416003.38754654 USDT RSI: 61.21

Watching this area https://twitter.com/devchart/status/1338286761521328132?s=20

Congrats to those who caught this move. I was busy today and missed it

They said divergences and trend lines are meme, but interesting how they have been on point so far

XMRUSDT 1h Price Approaching Resistance TV Link Exchange: BINANCE Price: 147.770 USDT Price Diff: 0.30% Volume: 15963.172 USDT Volume Diff: -94.85% 24hr Volume: 11213475.00464420 USDT RSI: 62.29

Here is a small tutorial on how I use shorter timeframes to validate if I should reenter a trade. I entered XRP earlier after the bullish div on the 4h, but I also witnessed that it got rejected by the 15 min 89 ema resistance so I took my profit and waited to see if we managed to flip that area again. XRP came and retested once again the 15 min 89 EMA and it once again rejected it. So how did I know which one to use? Simple, EMA and SMA are just self-fulling prophecies, the more people use specific ones the more reaction you will see at that level. There is nothing magical about them, you just use them as confluence. One way I like to use them is to check if there has been some historical reaction to a specific EMA (in this case the 89 EMA rejected it, so my goal was then to wait and see how it would react the next time it retested this and would only enter if it breached it) So this is my gameplan currently. Although the PA on higher timeframe looks decent for XRP , I still want confirmation on the 15 m

Update on BTC Played exactly as expected. I am out for now https://twitter.com/devchart/status/1338024907305873408?s=20

Update on XRP https://twitter.com/devchart/status/1337863574358810628?s=19

I have been discussing the concept of "over-trading" with a few friends recently and one of the biggest issue I have had was to try and keep on trading while the PA was choppy as hell. When in doubt, just stay on the sidelines, even if you see some altcoins pump aftewards. There will always be other opportunities https://twitter.com/devchart/status/1337834116625133569?s=20

Gameplan for XRP https://twitter.com/devchart/status/1337817433596448769?s=20

update on BTC https://twitter.com/devchart/status/1337813237363077122?s=20

Not sure it would retrace to that level as we may see some reaction at the 89 but still placing a few stink bids down below just in case