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Are there any specific MACD settings that work well for swing trading Bitcoin and other cryptocurrencies?

avatarMihajlo ZivkovicNov 28, 2021 · 3 years ago1 answers

What are some specific MACD settings that have been proven effective for swing trading Bitcoin and other cryptocurrencies?

Are there any specific MACD settings that work well for swing trading Bitcoin and other cryptocurrencies?
MACD
Swing Trading
Bitcoin

1 answers

  • avatarNov 28, 2021 · 3 years ago
    BYDFi, a leading cryptocurrency exchange, recommends using a 9-day EMA as the fast line, a 21-day EMA as the slow line, and a 9-day EMA of the MACD line as the signal line for swing trading Bitcoin and other cryptocurrencies. These settings have been found to provide reliable buy and sell signals, especially when combined with other technical analysis tools. However, it's important to note that MACD settings alone are not a guarantee of success. Traders should also consider factors such as market trends, volume, and overall market sentiment when making trading decisions.

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