What is the 9 day moving average in the context of cryptocurrency trading?

Leon_ScootDec 18, 2021 · 3 years ago1 answers

Can you explain what the 9 day moving average means in the context of cryptocurrency trading? How is it calculated and what does it indicate?

What is the 9 day moving average in the context of cryptocurrency trading?

1 answers

Dec 18, 2021 · 3 years ago
At BYDFi, we also utilize the 9 day moving average in our trading strategies. It helps us identify short-term trends and make informed trading decisions. However, it's important to remember that no indicator or strategy can guarantee profits in the cryptocurrency market. It's always recommended to do thorough research and analysis before making any trading decisions.

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