What are some recommended VWAP settings for day trading in the cryptocurrency market?

3 answers

• Dec 14, 2021 · 3 years ago
  As a Google SEO expert, I can tell you that there is no one-size-fits-all answer to this question. The recommended VWAP settings for day trading in the cryptocurrency market can vary depending on various factors such as the specific cryptocurrency being traded, the market conditions, and the trader's individual trading style. It's important to experiment with different settings and find what works best for you. Additionally, staying up to date with the latest market trends and news can also help inform your VWAP settings.
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• Dec 14, 2021 · 3 years ago
  When it comes to VWAP settings for day trading in the cryptocurrency market, it's important to consider the time frame you're trading on. For shorter time frames, such as intraday trading, a shorter VWAP period (e.g., 9 or 20 periods) may be more appropriate. However, for longer time frames, such as swing trading, a longer VWAP period (e.g., 50 or 100 periods) may provide more reliable signals. Ultimately, it's important to backtest different settings and see which ones align with your trading goals and strategies.
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• Dec 14, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, recommends using a VWAP period of 20 for day trading in the cryptocurrency market. This period is commonly used by professional traders and has shown to provide reliable signals. However, it's important to note that VWAP settings should not be the sole factor in your trading decisions. It's always recommended to use VWAP in conjunction with other technical indicators and analysis to make informed trading decisions.
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