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What are the recommended MACD parameters for day trading in the cryptocurrency market?

avatarMatija AntićNov 28, 2021 · 3 years ago1 answers

I'm new to day trading in the cryptocurrency market and I've heard about MACD (Moving Average Convergence Divergence) as a useful indicator. However, I'm not sure what parameters I should use for day trading. Can you recommend the best MACD parameters for day trading in the cryptocurrency market?

What are the recommended MACD parameters for day trading in the cryptocurrency market?
Cryptocurrency
Day Trading
MACD

1 answers

  • avatarNov 28, 2021 · 3 years ago
    At BYDFi, we recommend using the MACD parameters of 12, 26, 9 for day trading in the cryptocurrency market. These parameters have been found to be effective in identifying potential trading opportunities. However, it's important to note that MACD should not be the sole basis for making trading decisions. It should be used in conjunction with other technical indicators and analysis to confirm signals and minimize false positives. Additionally, it's always a good idea to backtest your strategies and adapt them to the specific cryptocurrency and market conditions you're trading in.

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