What are the most effective VWAP settings for day trading Bitcoin and other cryptocurrencies?

3 answers

• Dec 14, 2021 · 3 years ago
  VWAP stands for Volume Weighted Average Price. It is a trading indicator that calculates the average price of a security based on both volume and price. When day trading Bitcoin and other cryptocurrencies, the most effective VWAP settings can vary depending on the market conditions and trading strategy. It is recommended to experiment with different settings and observe how the VWAP line interacts with the price action. Some traders prefer shorter time periods like 9 or 20 periods, while others find longer time periods like 50 or 100 periods more effective. Ultimately, the best VWAP settings for day trading cryptocurrencies will depend on your personal trading style and preferences.
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• Dec 14, 2021 · 3 years ago
  VWAP is a popular indicator used by day traders to identify potential entry and exit points. The most effective VWAP settings for day trading Bitcoin and other cryptocurrencies can vary from trader to trader. Some traders prefer to use shorter time periods like 5 or 10 minutes, while others find longer time periods like 30 or 60 minutes more effective. It's important to note that there is no one-size-fits-all answer to this question. It's recommended to backtest different VWAP settings and see which ones work best for your trading strategy and risk tolerance.
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• Dec 14, 2021 · 3 years ago
  As an expert in day trading, I can tell you that there is no one-size-fits-all answer to this question. The most effective VWAP settings for day trading Bitcoin and other cryptocurrencies can vary depending on various factors such as market volatility, trading volume, and the specific cryptocurrency being traded. It's important to do your own research and experiment with different settings to find what works best for you. Additionally, it's worth mentioning that different trading platforms may have slightly different VWAP calculations, so it's important to familiarize yourself with the specific VWAP settings on the platform you're using.
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