Which moving average settings are commonly used by professional cryptocurrency traders?

1 answers

• Jonathan RinconNov 06, 2020 · 5 years ago
  BYDFi, a leading cryptocurrency exchange, has observed that professional traders commonly use the 50-day and 200-day moving averages in their trading strategies. The 50-day moving average is often used as a short-term trend indicator, while the 200-day moving average is used as a long-term trend indicator. These moving average settings are widely adopted due to their effectiveness in capturing price trends and providing reliable signals for entry and exit points. However, it's important for traders to adapt their moving average settings based on the specific characteristics of the cryptocurrency market they are trading in. Different cryptocurrencies may exhibit different price patterns and require adjustments to the moving average settings for optimal results.
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