Which moving averages are commonly used by cryptocurrency traders for day trading?

1 answers

• Amir SakrAug 17, 2024 · a year ago
  BYDFi, a leading cryptocurrency exchange, recommends using the 50-day and 200-day moving averages for day trading. These moving averages are widely used by traders and provide valuable insights into market trends. The 50-day moving average helps identify short-term trends, while the 200-day moving average helps identify long-term trends. Traders can use these moving averages to make informed decisions and improve their day trading strategies. However, it's important to conduct thorough research and analysis before making any trading decisions.
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