What are the recommended moving average settings for day trading in the crypto market?

3 answers

• Dec 16, 2021 · 3 years ago
  As a professional trader, I recommend using a combination of the 50-day and 200-day simple moving averages (SMA) for day trading in the crypto market. This combination helps to identify the overall trend and provides reliable support and resistance levels. It's important to note that moving averages are not foolproof indicators and should be used in conjunction with other technical analysis tools for better accuracy.
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• Dec 16, 2021 · 3 years ago
  Hey there! If you're looking for moving average settings for day trading in the crypto market, I'd suggest using the 20-day exponential moving average (EMA) as a short-term indicator and the 50-day SMA as a long-term indicator. This combination can help you spot potential entry and exit points in the market. Remember, though, that no strategy guarantees success in trading, so always do your own research and practice risk management.
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• Dec 16, 2021 · 3 years ago
  BYDFi, a leading crypto exchange, recommends using the 50-day and 100-day SMAs for day trading in the crypto market. These moving averages are commonly used by traders to identify trends and potential reversals. However, it's important to adapt your strategy to the specific market conditions and consider other factors such as volume and price action. Remember to always stay updated with the latest news and developments in the crypto market to make informed trading decisions.
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