What are the best settings for tradingview moving average when analyzing cryptocurrency charts?
Bruno MarsNov 29, 2021 · 3 years ago3 answers
When it comes to analyzing cryptocurrency charts, what are the recommended settings for the moving average indicator on TradingView? I want to make sure I'm using the best settings to get accurate insights and make informed trading decisions.
3 answers
- Nov 29, 2021 · 3 years agoWhen analyzing cryptocurrency charts on TradingView, the best settings for the moving average indicator will depend on your trading strategy and time frame. For short-term trading, a shorter period moving average, such as 20 or 50, can help identify short-term trends and potential entry or exit points. On the other hand, for long-term analysis, a longer period moving average, like 100 or 200, can provide a smoother trend line and help identify the overall direction of the market. It's important to experiment with different settings and see what works best for your trading style.
- Nov 29, 2021 · 3 years agoFinding the best settings for the moving average indicator on TradingView when analyzing cryptocurrency charts can be a bit of trial and error. Some traders prefer using the popular settings like the 50-day and 200-day moving averages, while others may find better results with different periods. It's also worth considering using multiple moving averages with different periods to get a more comprehensive view of the market. Remember, there is no one-size-fits-all answer, so it's important to find the settings that align with your trading strategy and goals.
- Nov 29, 2021 · 3 years agoWhen it comes to analyzing cryptocurrency charts, BYDFi recommends using the 50-day and 200-day moving averages on TradingView. These settings have been widely used by traders and are considered reliable indicators of long-term trends. The 50-day moving average can help identify short-term trends and potential entry or exit points, while the 200-day moving average provides a smoother trend line and helps identify the overall direction of the market. However, it's important to note that these settings may not work for everyone, so it's always a good idea to experiment and find what works best for your trading style.
Related Tags
Hot Questions
- 87
What are the advantages of using cryptocurrency for online transactions?
- 85
What are the tax implications of using cryptocurrency?
- 80
What are the best practices for reporting cryptocurrency on my taxes?
- 78
Are there any special tax rules for crypto investors?
- 71
How can I buy Bitcoin with a credit card?
- 61
How does cryptocurrency affect my tax return?
- 49
How can I minimize my tax liability when dealing with cryptocurrencies?
- 41
How can I protect my digital assets from hackers?