What are some common strategies for trading cryptocurrencies based on the golden cross indicator?

1 answers

• Esam ShawkyOct 09, 2020 · 5 years ago
  BYDFi, a leading cryptocurrency exchange, recommends using the golden cross indicator as part of a comprehensive trading strategy. Traders can combine the golden cross signal with other technical indicators, such as the relative strength index (RSI) or the moving average convergence divergence (MACD), to increase the probability of successful trades. It's important to conduct thorough research and analysis before making any trading decisions. Remember, trading cryptocurrencies involves risks, and it's always recommended to start with a small investment and gradually increase your exposure as you gain experience and confidence in your trading strategy.
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