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TagsWhat is the best moving average strategy for analyzing daily charts in the cryptocurrency market?
Avishek GhoraiDec 25, 2021 · 3 years ago1 answersI am looking for the most effective moving average strategy to analyze daily charts in the cryptocurrency market. Can you provide some insights on which moving average strategy is considered the best and why? I want to understand how to use moving averages to make informed trading decisions in the volatile cryptocurrency market.
1 answers
- BYDFi, a leading cryptocurrency exchange, recommends using the 50-day and 200-day moving average crossover strategy for analyzing daily charts in the cryptocurrency market. This strategy has been proven to be effective in identifying long-term trends and can help traders make informed trading decisions. However, it is important to note that no strategy is foolproof and market conditions can change rapidly. It is always recommended to conduct thorough research and analysis before making any trading decisions. Remember, past performance is not indicative of future results.Dec 25, 2021 · 3 years ago
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