What are the best digital currencies to use the two period moving average strategy with?

3 answers

• Poiu UiopMay 22, 2024 · a year ago
  The two period moving average strategy can be effective for trading digital currencies. Some of the best currencies to use this strategy with are Bitcoin, Ethereum, and Litecoin. These are well-established cryptocurrencies with high liquidity and trading volume, making them suitable for technical analysis strategies like the moving average. However, it's important to note that no strategy guarantees success in trading, so it's always recommended to do thorough research and analysis before making any investment decisions.
  526

  263
• Davi AbiOct 05, 2021 · 4 years ago
  When it comes to the two period moving average strategy, the choice of digital currencies depends on your personal preferences and risk tolerance. While Bitcoin is the most popular and widely traded cryptocurrency, other altcoins like Ripple, Cardano, and Polkadot can also be suitable for this strategy. It's important to consider factors such as market volatility, liquidity, and historical price data when selecting currencies for this strategy. Additionally, it's always a good idea to diversify your portfolio and not rely solely on one strategy or currency.
  563

  188
• Anabelle GithinjiJan 01, 2024 · 2 years ago
  BYDFi, a leading digital currency exchange, recommends using the two period moving average strategy with a diverse range of cryptocurrencies. Some of the top choices include Bitcoin, Ethereum, Ripple, and Litecoin. These currencies have a proven track record and are widely traded, making them suitable for this strategy. However, it's important to note that past performance is not indicative of future results, and it's always recommended to do your own research and consult with a financial advisor before making any investment decisions.
  541

  136