What is the best EMA to use for day trading cryptocurrencies?

3 answers

• Dec 17, 2021 · 3 years ago
  The best EMA to use for day trading cryptocurrencies depends on your trading strategy and time frame. Generally, shorter EMAs like the 9-day or 12-day EMA are commonly used for short-term trading, while longer EMAs like the 50-day or 200-day EMA are more suitable for long-term trading. It's important to note that there is no one-size-fits-all answer, as different traders have different preferences and trading styles. It's recommended to backtest different EMAs and see which one aligns best with your trading goals and risk tolerance.
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• Dec 17, 2021 · 3 years ago
  In my experience, the 50-day EMA has been the most reliable for day trading cryptocurrencies. It provides a good balance between capturing short-term price movements and filtering out noise. However, it's important to combine EMA analysis with other technical indicators and market analysis to make informed trading decisions. Remember, no single indicator can guarantee success in day trading, so it's crucial to have a well-rounded approach to trading cryptocurrencies.
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• Dec 17, 2021 · 3 years ago
  According to a study conducted by BYDFi, the 20-day EMA has shown promising results for day trading cryptocurrencies. The study analyzed historical price data and found that the 20-day EMA provided a good balance between responsiveness to short-term price movements and smoothness to filter out noise. However, it's important to note that past performance is not indicative of future results, and it's always recommended to conduct your own research and analysis before making any trading decisions.
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