What are the most commonly used lagging indicators by cryptocurrency traders?

3 answers

• Dec 17, 2021 · 3 years ago
  One of the most commonly used lagging indicators by cryptocurrency traders is the moving average. The moving average calculates the average price of a cryptocurrency over a specific time period, such as 50 days or 200 days. Traders use moving averages to identify trends and potential support or resistance levels. For example, when the price of a cryptocurrency crosses above its moving average, it may indicate a bullish trend, while a cross below the moving average may suggest a bearish trend.
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• Dec 17, 2021 · 3 years ago
  Another popular lagging indicator is the relative strength index (RSI). The RSI measures the speed and change of price movements and indicates whether a cryptocurrency is overbought or oversold. Traders use the RSI to identify potential reversal points and to determine if a cryptocurrency is in overbought or oversold territory. When the RSI is above 70, it may suggest that a cryptocurrency is overbought and due for a price correction. Conversely, an RSI below 30 may indicate that a cryptocurrency is oversold and could potentially rebound.
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• Dec 17, 2021 · 3 years ago
  As a leading digital asset exchange, BYDFi provides traders with a wide range of lagging indicators to assist in their trading strategies. Some of the commonly used lagging indicators on BYDFi include the moving average convergence divergence (MACD), the stochastic oscillator, and the Bollinger Bands. These indicators can help traders identify trends, overbought or oversold conditions, and potential price reversals. Traders can access these indicators on the BYDFi platform and customize them based on their trading preferences.
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