Cryptohopper is an automated cryptocurrency trading platform that incorporates more than 130 automated technical indicators and candlestick patterns. Create your strategy or copy a trader with Cryptohopper!
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
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 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...
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!
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...
Bitcoin is, for the third time attempting to break the resistance between $10,000-$10,500.
Breaking this resistance will mean making a new high for BTC this year.
Based off of the previous bull run, we could expect the next resistance to be at $12,000.
Should this resistance hold, we could see the price...
After failing to break the resistance around $10,000, Bitcoin is closing in on the support level at $8,000. Bitcoin has had a correction after the last halving, so a short bear market scenario is not out of the question. The first and second halving overall provided some excellent opportunities for position traders....
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...
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...
After a very large bullish move around a week ago, Bitcoin has been ranging between $9,500 and $8,500. The price now appears to be testing the resistance at $9,500 again, and whether the price will achieve a breakthrough or not is still an open question.
Usually, we are told that we should not trade during ranges and...
Ethereum just like the entire crypto market has been very bullish over the past week, gaining over 35% . When the Crypto Market is bullish and has a clear direction, trend following indicators and momentum indicators become very useful and can offer very profitable trades.
We will now jump into how you can trade ETH and the Crypto...
Bitcoin has been consolidating over the past week as its bullish uptrend has somewhat stalled. During a consolidation phase, it is harder to make a profit as moves are less volatile and are usually short-lived. This is even worse if you use a trend-following indicator; by the time your trend following indicator signals a buy, the market...
Bitcoin’s rebound seems to have slowed somewhat, with a correction of more than 10%. However, the price now appears to be pushing higher again and is close to this month’s high. Depending on the kind of momentum indicator you have selected, you might or might not have taken advantage of this opportunity. In this week of technical...
BTC has continued its rebound, and it is now 90% up from its lows this year at 3,800$. 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...