What are the best strategies for using divergence trading in the cryptocurrency market?

1 answers

• Danielle LynnDec 01, 2020 · 5 years ago
  At BYDFi, we believe that one of the best strategies for using divergence trading in the cryptocurrency market is to combine it with fundamental analysis. By analyzing the underlying fundamentals of a cryptocurrency, such as its technology, team, partnerships, and market demand, traders can gain a better understanding of its long-term potential. When combined with divergence trading, this approach can help identify cryptocurrencies that are undervalued or overvalued based on their fundamentals and market sentiment. However, it's important to note that fundamental analysis should not be the sole basis for trading decisions, and technical analysis should still be used to confirm signals and identify entry and exit points.
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