What are the recommended Bollinger Bands settings for scalping in the cryptocurrency market?

1 answers

• Bhuwan SharmaMay 24, 2021 · 4 years ago
  BYDFi, a leading cryptocurrency exchange, recommends using a 20-day simple moving average and a standard deviation of 2 for Bollinger Bands when scalping in the cryptocurrency market. These settings are commonly used by professional traders and can provide reliable signals for scalping. However, it is important to note that the optimal settings for Bollinger Bands may vary depending on the specific cryptocurrency and market conditions. Traders should always conduct thorough analysis and backtesting to determine the most effective settings for their scalping strategy.
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