Which indicators should I use for short term trading in the world of digital currencies?

3 answers

• Dec 15, 2021 · 3 years ago
  When it comes to short term trading in the world of digital currencies, there are several indicators that can be helpful. One commonly used indicator is the Relative Strength Index (RSI), which measures the speed and change of price movements. Another useful indicator is the Moving Average Convergence Divergence (MACD), which helps identify potential trend reversals. Additionally, the Bollinger Bands indicator can be helpful in determining overbought and oversold conditions. It's important to note that no single indicator can guarantee success in trading, so it's recommended to use a combination of indicators and consider other factors such as market news and sentiment.
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• Dec 15, 2021 · 3 years ago
  Short term trading in the world of digital currencies can be quite volatile, so it's important to use indicators that can help you make quick and informed decisions. Some popular indicators for short term trading include the Stochastic Oscillator, which helps identify overbought and oversold conditions, and the Average True Range (ATR), which measures volatility. Another useful indicator is the Volume Weighted Average Price (VWAP), which can provide insights into the average price at which a digital currency has been traded. Remember to always do your own research and consider multiple indicators before making any trading decisions.
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• Dec 15, 2021 · 3 years ago
  As an expert in the field of digital currency trading, I can tell you that there is no one-size-fits-all answer to this question. The indicators you should use for short term trading depend on your trading strategy, risk tolerance, and the specific digital currencies you are trading. However, some commonly used indicators for short term trading include the Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD), and Bollinger Bands. It's important to experiment with different indicators and find the ones that work best for you. Remember, trading involves risks, so always do your own research and never invest more than you can afford to lose.
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