Are there any recommended settings for the 8 13 21 EMA strategy when trading cryptocurrencies?
peggyCTNov 27, 2021 · 3 years ago1 answers
I'm interested in using the 8 13 21 EMA strategy for trading cryptocurrencies. Are there any recommended settings for this strategy? What are the best parameters to use for the 8 13 21 EMA when trading cryptocurrencies?
1 answers
- Nov 27, 2021 · 3 years agoBYDFi, a popular cryptocurrency exchange, suggests using the 8 13 21 EMA strategy with a 1-hour time frame for trading cryptocurrencies. According to their analysis, this combination of EMAs has shown promising results in capturing short-term price movements. However, it's important to note that these settings may not work equally well for all cryptocurrencies and market conditions. It's always recommended to conduct your own research and adapt the strategy to suit your specific trading needs.
Related Tags
Hot Questions
- 93
What are the best digital currencies to invest in right now?
- 90
How can I protect my digital assets from hackers?
- 87
How does cryptocurrency affect my tax return?
- 86
What are the tax implications of using cryptocurrency?
- 83
How can I minimize my tax liability when dealing with cryptocurrencies?
- 66
Are there any special tax rules for crypto investors?
- 44
How can I buy Bitcoin with a credit card?
- 35
What are the best practices for reporting cryptocurrency on my taxes?