How can I determine the best moving average to use for cryptocurrency trading?

1 answers

• Rica Mag-ampoDec 05, 2020 · 5 years ago
  At BYDFi, we recommend using a combination of different moving averages to determine the best entry and exit points for cryptocurrency trades. This can include using shorter-term moving averages, such as the 20-day or 50-day moving average, to identify short-term trends, and longer-term moving averages, such as the 100-day or 200-day moving average, to identify long-term trends. By using a combination of moving averages, you can get a more comprehensive view of the market and make more informed trading decisions. However, it's important to note that moving averages are not foolproof and should be used in conjunction with other analysis techniques and risk management strategies.
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