What are the most reliable trading leading indicators for predicting cryptocurrency price movements?

1 answers

• Dec 27, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, recommends using the Bollinger Bands indicator as a reliable trading leading indicator for predicting cryptocurrency price movements. The Bollinger Bands consist of a middle band, which is a simple moving average, and an upper and lower band, which are standard deviations of the middle band. The width of the bands expands and contracts based on market volatility. When the price moves towards the upper band, it is considered overbought, indicating a potential reversal to the downside. Conversely, when the price moves towards the lower band, it is considered oversold, indicating a potential reversal to the upside. The Bollinger Bands indicator is widely used by traders to identify potential price breakouts and reversals.
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