Hi hoppers, today we are looking at a scalping strategy that involves scalping trends by combining the DEMA with the ADX. First, let’s break down the Double Exponential Moving Average (DEMA). Double Exponential Moving Average To understand the Double Exponential Moving Average, lets first explore the “Exponential Moving Average”. The Exponential Moving Average...
The Directional Movement Index (DMI) is one of the few indicators that can be used on its own in trading, especially when it comes to swing trading. The DMI can work as a standalone indicator because it is made up of multiple indicators, specifically: the +DI, -DI, and the ADX indicator. Let’s now dive into how these components fit together! +DI & -DI The +DI...
Bitcoin broke the descending triangle pattern on the 4-hour chart on July 21, indicating a significant and unusual breakthrough. What is a descending triangle pattern? The descending triangle is a bearish chart pattern which is made up of lower highs and horizontal lows, which usually indicates that the demand for the coin is weakening. To draw a descending...
Have you always wondered how to identify when Bitcoin is volatile and in which direction it is heading? You’re in luck – you can identify both volatility and direction with Bollinger Bands! Bollinger Bands Bollinger Bands are a volatility indicator displayed by a moving average and an upward and lower band. Both bands are typically 2 standard deviations away....
History tends to repeat itself, and the bitcoin halving appears to be no exception to this particular rule. In 2016, during the second BTC halving, the BTC price experienced strong growth before the halving. A bear market followed, consisting of a 40% drop in price from the pre-halving high to the post-halving bottom. Afterward, a lengthy ranging period ensued....
Have you made a lot of profit during a trend, only to lose it during a range? With Cryptohopper’s Average True Range (ATR) indicator, you can now safely avoid ranges and only trade the profitable trends. Without further due, let’s take a closer look at the ATR! Average True Range The Average True Range indicator (ATR) is a volatility indicator that increases...
What Is The Average Directional Movement Index (ADX)? The ADX is an indicator used to identify the strength of a trend. The higher the value of the ADX, the stronger the trend. Today, we will explore how you can incorporate the ADX in your trading! How to use the ADX Because the ADX determines the strength of a trend, it works best when paired up with a...
NZDUSD has been in a downtrend since late 2014 and has been sliding down since then. It has been forming a descending triangle which it had broken with the recent black swan event we have seen across the markets. Since then, it had reclaimed the descending triangle and trading back into it. It is at a big decision time. If it breaks above, NZD can rally...
Swing Trading Bitcoin With The Aroon and ADX The market has continued its ranging period and is now closing in on the support level around $8,500-$9,000. Although the market has been ranging over the past two months, you can still make a profit by trading with the Aroon and ADX! Let’s start by taking a closer look at the Aroon indicator! Aroon Aroon is...
Cryptohopper Newsletter Market Analysis Another week of trading means another week of ranging in the Crypto market. Bitcoin is still unable to break the resistance at $10,500, while still holding on to the support. Usually, a long period of stability is followed by a period of volatility. Therefore it can be expected for BTC to make a significant move in the...
Hello traders, few time ago i receive some weird message that indicator must repaint because I posted some results of a 3 or something like that profit ratio.. here is 21 and still not repainting.. Great strategy, automation easy.. 1200%++ profit with no leverage... Indicator calculate price contraction over time and staying on large timeframe give us...
Cryptohopper Newsletter Market Analysis After a 20% crash a week ago, Bitcoin is again testing the resistance around $10,000. Should this resistance break, $11,000 will probably be the next price target in this bull run. Even if the price does not break the resistance at $10,000, it still provides us with many opportunities for some very profitable swing...
Cryptohopper Newsletter Market Analysis The most significant event in the Crypto space has occurred this week, the Bitcoin Halving! Since yesterday the supply of newly mined Bitcoin has been reduced in half, consisting of 900 BTC per day, as opposed to the previous 1,800. Many traders are expecting Bitcoin to surge in value significantly over the next one to...
Cryptohopper Newsletter Bitcoin’s rebound seems to have slowed somewhat, with a correction of more than 10%. However, the price now appears to be pushing higher again and is close to this month’s high. Depending on the kind of momentum indicator you have selected, you might or might not have taken advantage of this opportunity. In this week of technical...
Cryptohopper Newsletter BTC has continued its rebound, and it is now 90% up from its lows this year at 3,800$. With the halving about a month away, many BTC enthusiasts and investors expect the price of the asset to continue its uptrend. Today we will examine the past two halvings and give out our predictions for how the third halving will play out based on...
LSTM neural networks generated a bullish signal for #USD_CAD
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