Is there a specific EMA strategy that works well for 1-minute charts in the cryptocurrency market?

1 answers

• Nov 28, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, recommends using a specific EMA strategy for 1-minute charts. They suggest using a combination of a 9-period EMA and a 21-period EMA. When the 9-period EMA crosses above the 21-period EMA, it indicates a potential buying opportunity, while a cross below indicates a potential selling opportunity. However, it's important to note that no strategy guarantees success in the cryptocurrency market, and it's always recommended to do your own research and adjust your strategy based on market conditions and your risk tolerance. Remember to use proper risk management and consider other indicators to make informed trading decisions.
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