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Which EMA settings are most commonly used by successful cryptocurrency traders?

avatarAnjum mullaNov 28, 2021 · 3 years ago3 answers

What are the most frequently used EMA settings by successful cryptocurrency traders and how do they impact trading strategies?

Which EMA settings are most commonly used by successful cryptocurrency traders?

3 answers

  • avatarNov 28, 2021 · 3 years ago
    Successful cryptocurrency traders commonly use EMA settings such as 9-day, 20-day, and 50-day EMAs. These settings are popular because they provide a good balance between responsiveness and smoothness in capturing price trends. The 9-day EMA is often used for short-term trading signals, while the 20-day and 50-day EMAs are commonly used for medium to long-term trends. Traders use these EMA settings to identify potential entry and exit points based on crossovers and price interactions with the EMAs.
  • avatarNov 28, 2021 · 3 years ago
    EMA settings vary among successful cryptocurrency traders, but some commonly used settings include 12-day, 26-day, and 50-day EMAs. These settings are popular due to their alignment with traditional technical analysis indicators like the MACD. The 12-day and 26-day EMAs are used to generate MACD signals, while the 50-day EMA is often used to identify long-term trends. Traders combine these EMA settings with other indicators to develop their trading strategies.
  • avatarNov 28, 2021 · 3 years ago
    BYDFi, a leading cryptocurrency exchange, has observed that successful traders often rely on a combination of 10-day, 30-day, and 100-day EMAs. These settings offer a balance between short-term and long-term trends, allowing traders to capture both quick price movements and overall market trends. The 10-day EMA is commonly used for short-term trading signals, while the 30-day and 100-day EMAs help identify medium to long-term trends. Traders at BYDFi leverage these EMA settings to make informed trading decisions and optimize their strategies.