Author: CryptoHoppers

In crypto trading, one of the fundamental skills a trader should possess is the ability to accurately assess the strength of buyers and sellers, often referred to as bullish and bearish pressures. There are various methods available for conducting this analysis, but one of the simplest and effective approaches involves using a technical indicator known as the Elder Ray Index. Don’t you think it is worth exploring this indicator? If so, let’s get started! 1. Elder Ray Index: The Simplest Explanation The Elder Ray Index is a momentum indicator developed by Dr. Alexander Elder. It helps trades understand the strength of both…

Journalist Posted: November 15, 2023 Profit-taking activity gains traction as BTC’s price lingers in a tight range. Short and long-term holders have mostly realized profit on their investments since coin distribution began.  Bitcoin’s [BTC] taker buy-sell ratio assessed on a 30-day simple moving average (SMA) has initiated a decline, suggesting that profit-taking activity is beginning to gain momentum, data from CryptoQuant revealed. BTC profit-taking activity rallies The taker buy-sell ratio is a metric that measures the ratio between the buy volume and sell volume in an asset’s futures market. A value greater than 1 indicates more buy volume than sell…

IOTA Foundation announced a new partnership with CHAISE consortium. Alongside blockchain tech firms such as INATBA, Fujitsu, and European Digital SME Alliance, IOTA and CHAISE will provide blockchain education under a four-year grant with support of the “Erasmus+ Programme” of the European Union.  The #IOTA Foundation joins the #CHAISE consortium together with leading #blockchain #technology organizations, including @INATBA_org, @Fujitsu_Global and @EUdigitalsme, to provide blockchain innovation and skills development under a four-year Grant. https://t.co/qxlF5VsZN1 pic.twitter.com/YnZFEijz3j — IOTA (@iota) March 15, 2021 The project is said to assist Europe in its race for establishing a blockchain ecosystem. More importantly, it will address…

Using technical indicators for cryptocurrency trading often presents a key issue: most of the time, these indicators provide signals late in the game – this means traders receive signals after a trend has already begun or has concluded. Such delayed signals can hinder trading success because they prevent traders from fully capitalising on market trends. This is where the need for innovative indicators that offer earlier signals arises.If you are searching for one such indicator, you might want to consider the Ehler Fisher Transform.1. Ehler Fisher Transform: What’s ItThe Fisher Transform indicator is a leading indicator used in crypto trading…

In an era where the digital realm is increasingly merging with our reality, Roblox, a titan in the gaming world, is not just observing from the sidelines. The CEO of Roblox, David Baszucki, is pioneering a futuristic vision – the creation and transfer of Non-Fungible Tokens (NFTs) and digital items across diverse platforms, transcending the boundaries of the digital universe. During a recent interview with CNBC, following Roblox’s Q3 2023 earnings announcement, Baszucki shared insights that illuminate the path forward for NFTs and digital collectibles. Despite a financial setback in Q3, Roblox reported a noteworthy 20% increase in year-over-year bookings,…

Despite the burgeoning enthusiasm and investment in cryptocurrencies, their application as reliable digital payment systems remains notably underdeveloped. While the crypto world has been buzzing with innovations and radical ideas, its practical use in everyday transactions lags behind more established digital payment methods. This gap was evident at Amsterdam’s recent Network State conference, where crypto visionaries, including former Coinbase technology chief Balaji Srinivasan, gathered to discuss future societal structures underpinned by cryptocurrencies. The Hype Versus Reality of Crypto Payments Srinivasan, along with other prominent figures like Ethereum co-founder Vitalik Buterin, emphasized a new world order driven by crypto. This “Network…

One method of creating advanced indicators is to discover the right combinations from the existing indicators. A combination of two or three simple indicators may create a powerful, advanced indicator. The Keltner Channel, based on Exponential Moving Average and Average True Range, is a prime example of such an innovation. Are you interested in learning about this indicator? Let’s discuss the basics of Keltner Channels!1. Keltner Channels: The Basics Keltner Channels, similar to Bollinger Bands, are blue channels that show the average price of an asset over a period. These channels help us see if the price is moving in a…

Blockchain security firm SlowMist revealed a new phishing attack involving a fake Skype app to steal crypto funds from an unsuspecting victim. The victim contacted SlowMist directly, explaining that his funds were stolen after downloading what he thought was the Skype app from the internet. The scam underscores the vulnerability users face, especially in regions like China, where direct downloads are a substitute for unavailable official app stores, SlowMist said in its report. “Due to the inaccessibility of Google Play in China, many users often resort to searching for and downloading apps directly from the internet,” SlowMist wrote. “However, the…

A newly formed organization will begin a dialogue among central banks to support adapting technical standards of different CBDC solutions. The Nobel Sustainability Trust (NST), a charity established by the members of the Nobel family, is set to push the adoption of central bank digital currencies (CBDCs) with a new initiative called Central Bank Digital Currency Collaboration Organization (CBDCCO). According to a press release, the program aims to facilitate “efficient and reliable carbon asset life cycle management” for central bank digital currencies. With CBDCCO, the trust wants to begin a dialogue among central banks to support integrating “innovative digital financial…

Reducing unnecessary noise from our charts can assist us in making better trading decisions. There are several methods to achieve this, with one of the most effective ones being Heikin Ashi. Let’s delve into everything you need to know about it. Are you ready?1. Heikin Ashi: What You Should KnowHeikin Ashi is a special type of chart used in crypto trading. A Heikin Ashi chart appears as a modified version of a normal chart. The goal of Heikin Ashi charts is to make it easier to see the main trend of a price movement by reducing the noisy ups and…