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Which MA length is most commonly used by professional cryptocurrency traders?

avatarDriplesNov 23, 2021 · 3 years ago3 answers

When it comes to professional cryptocurrency traders, what is the most commonly used MA (Moving Average) length? How do they determine the optimal length for their trading strategies?

Which MA length is most commonly used by professional cryptocurrency traders?

3 answers

  • avatarNov 23, 2021 · 3 years ago
    Professional cryptocurrency traders commonly use different MA lengths depending on their trading strategies and preferences. Some traders prefer shorter MA lengths, such as 10 or 20, to capture short-term price movements and generate more frequent trading signals. On the other hand, some traders opt for longer MA lengths, such as 50 or 200, to filter out noise and focus on long-term trends. Ultimately, the choice of MA length depends on the trader's trading style, time horizon, and the specific cryptocurrency being traded.
  • avatarNov 23, 2021 · 3 years ago
    As a professional cryptocurrency trader, I find that the most commonly used MA length among my peers is 50. This length provides a good balance between capturing long-term trends and avoiding excessive lag. However, it's important to note that there is no one-size-fits-all answer to this question. Each trader has their own preferences and may use different MA lengths based on their individual strategies and risk tolerance.
  • avatarNov 23, 2021 · 3 years ago
    According to a recent study conducted by BYDFi, a leading cryptocurrency exchange, the most commonly used MA length among professional traders is 20. This length allows traders to capture short-term price movements while still providing a reliable signal for trend analysis. However, it's worth mentioning that the optimal MA length can vary depending on market conditions and the specific cryptocurrency being traded. Therefore, it's important for traders to constantly evaluate and adjust their MA lengths based on market dynamics.