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What are the recommended MACD settings for crypto trading?

avatarChristy KIMNov 24, 2021 · 3 years ago1 answers

I'm new to crypto trading and I've heard about MACD indicators. Can someone please explain what MACD settings are and how they can be used for crypto trading? Also, what are the recommended MACD settings that I should use?

What are the recommended MACD settings for crypto trading?
Crypto Trading
MACD Settings
Technical Analysis

1 answers

  • avatarNov 24, 2021 · 3 years ago
    At BYDFi, we recommend using the default MACD settings of 12, 26, 9 for crypto trading. These settings have been widely used and have shown good results in identifying potential buy and sell signals. However, it's important to note that MACD settings should not be used in isolation. They should be used in conjunction with other technical indicators and analysis to make informed trading decisions. Remember, trading involves risks, and it's always a good idea to do your own research and seek professional advice before making any investment decisions.

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