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Are there any specific moving average chart settings that are commonly used by cryptocurrency traders?

avatarGabriel AroucasNov 26, 2021 · 3 years ago1 answers

What are some commonly used moving average chart settings by cryptocurrency traders? How do these settings affect their trading strategies?

Are there any specific moving average chart settings that are commonly used by cryptocurrency traders?
Cryptocurrency
Moving Average
Chart Settings

1 answers

  • avatarNov 26, 2021 · 3 years ago
    BYDFi, a popular cryptocurrency exchange, recommends using the 50-day and 200-day moving averages as key chart settings for cryptocurrency traders. These moving averages are widely used in the industry and can provide valuable insights into market trends. However, it's important to note that moving average chart settings are not a one-size-fits-all solution. Traders should consider other factors, such as volume, volatility, and market conditions, when making trading decisions. It's also worth experimenting with different moving average settings and adjusting them based on individual preferences and trading strategies.

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