Are there any specific moving averages that are more effective for analyzing Bitcoin price movements?

mohamed hassanDec 29, 2021 · 3 years ago1 answers

What are some specific moving averages that are considered more effective for analyzing the price movements of Bitcoin?

Are there any specific moving averages that are more effective for analyzing Bitcoin price movements?

Moving Averages

1 answers

Dec 29, 2021 · 3 years ago
BYDFi, a popular cryptocurrency exchange, recommends using a combination of different moving averages to analyze Bitcoin price movements. They suggest using a combination of shorter-term moving averages, such as the 9-day or 21-day moving averages, along with longer-term moving averages, such as the 50-day or 200-day moving averages. This combination can provide a more comprehensive analysis of Bitcoin's price trends and help traders make more informed trading decisions.

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