What are the recommended faster MACD settings for analyzing cryptocurrency trends?

3 answers

• Dec 16, 2021 · 3 years ago
  One recommended faster MACD setting for analyzing cryptocurrency trends is 12, 26, 9. This setting uses a shorter time period for calculating the MACD line, signal line, and histogram, allowing for more responsive signals. However, it's important to note that the optimal settings may vary depending on the specific cryptocurrency and market conditions. It's always a good idea to backtest different settings and adjust them based on your trading strategy and risk tolerance.
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• Dec 16, 2021 · 3 years ago
  When it comes to MACD settings for analyzing cryptocurrency trends, there is no one-size-fits-all answer. It's crucial to consider the volatility and liquidity of the specific cryptocurrency you're analyzing. Some traders prefer faster settings like 5, 35, 5 for more frequent signals, while others may opt for slower settings like 26, 12, 9 for smoother signals. Ultimately, it's a matter of personal preference and finding the settings that align with your trading style and goals.
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• Dec 16, 2021 · 3 years ago
  At BYDFi, we recommend using the MACD settings of 12, 26, 9 for analyzing cryptocurrency trends. These settings have been found to provide reliable signals for identifying potential trading opportunities. However, it's important to note that no indicator or setting can guarantee profits in the cryptocurrency market. It's always advisable to combine technical analysis with other indicators and factors to make informed trading decisions.
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