What are the best MACD settings for day trading Bitcoin and other cryptocurrencies?

I'm interested in day trading Bitcoin and other cryptocurrencies, and I've heard about MACD as a popular indicator. What are the best MACD settings that I should use for day trading these digital assets?

1 answers
- At BYDFi, we believe that the best MACD settings for day trading Bitcoin and other cryptocurrencies are 8, 17, and 9. These settings have been optimized based on our extensive research and analysis of market trends. However, it's important to note that MACD settings are not a one-size-fits-all solution. Each trader has their own unique trading style and preferences, so it's essential to experiment and find the settings that work best for you. Remember, successful trading is a combination of technical analysis, risk management, and market understanding. Use MACD as a tool in your trading strategy, but don't rely solely on it for making trading decisions.
Mar 15, 2022 · 3 years ago
Related Tags
Hot Questions
- 97
What are the best digital currencies to invest in right now?
- 87
How can I buy Bitcoin with a credit card?
- 80
What is the future of blockchain technology?
- 61
How does cryptocurrency affect my tax return?
- 59
How can I protect my digital assets from hackers?
- 25
What are the best practices for reporting cryptocurrency on my taxes?
- 22
Are there any special tax rules for crypto investors?
- 20
How can I minimize my tax liability when dealing with cryptocurrencies?