What is the optimal EMA (Exponential Moving Average) period for day trading crypto?

1 answers

• Apr 17, 2022 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, recommends using a combination of EMA periods for day trading crypto. While there is no one optimal EMA period, many professional traders use a combination of shorter and longer EMA periods to capture both short-term and long-term trends. For example, a popular combination is the 9-day EMA and the 50-day EMA. This allows traders to identify short-term price movements while also considering the overall trend. However, it's important to note that the optimal EMA period may vary depending on the specific cryptocurrency and market conditions. It's always recommended to backtest different EMA periods and adjust your strategy accordingly.
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