What are the best moving averages for scalping cryptocurrencies?

3 answers

• Dec 17, 2021 · 3 years ago
  When it comes to choosing the best moving averages for scalping cryptocurrencies, it really depends on your trading strategy and preferences. Some popular options include the 9-day exponential moving average (EMA), the 20-day simple moving average (SMA), and the 50-day SMA. These moving averages can help you identify short-term trends and potential entry or exit points. It's important to note that no moving average is foolproof, and it's always a good idea to combine them with other technical indicators for confirmation. Experiment with different moving averages and see which ones work best for your trading style.
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• Dec 17, 2021 · 3 years ago
  Finding the best moving averages for scalping cryptocurrencies can be a bit of trial and error. It's important to consider the time frame you're trading on and the volatility of the cryptocurrency you're scalping. Shorter moving averages, such as the 5-day or 10-day SMA, can be useful for capturing quick price movements, while longer moving averages, like the 50-day or 100-day SMA, can help you identify longer-term trends. Ultimately, the best moving averages for scalping cryptocurrencies will depend on your individual trading style and risk tolerance.
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• Dec 17, 2021 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, recommends using a combination of the 9-day EMA and the 20-day SMA for scalping cryptocurrencies. According to their research, this combination can provide a good balance between capturing short-term price movements and identifying longer-term trends. However, it's important to note that every trader is different, and what works for one person may not work for another. It's always a good idea to do your own research and experiment with different moving averages to find the ones that work best for you.
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