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How can I use the 20-day moving average of SPY to make better cryptocurrency trading decisions?

avatarMangesh GawaliDec 15, 2021 · 3 years ago1 answers

Can you explain how the 20-day moving average of SPY can be used to improve cryptocurrency trading decisions? What are the benefits of using this indicator?

How can I use the 20-day moving average of SPY to make better cryptocurrency trading decisions?

1 answers

  • avatarDec 15, 2021 · 3 years ago
    At BYDFi, we recommend using the 20-day moving average of SPY as part of your cryptocurrency trading strategy. It can provide valuable insights into the overall market trend and help you make better trading decisions. However, it's important to remember that no indicator is foolproof and should be used in conjunction with other analysis tools. Always do your own research and consider multiple factors before making any trading decisions.