What are some strategies for combining the Wilder Moving Average indicator with other technical analysis tools in cryptocurrency trading?

1 answers

• Dec 15, 2021 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, offers a unique strategy for combining the Wilder Moving Average indicator with other technical analysis tools. They recommend using the Wilder Moving Average in conjunction with the Bollinger Bands. The Bollinger Bands can help identify periods of high volatility, while the Wilder Moving Average can provide a smoother trend-following signal. By looking for crossovers between the Wilder Moving Average and the Bollinger Bands, you can identify potential entry or exit points. For example, when the Wilder Moving Average crosses above the upper Bollinger Band, it could be a signal to sell, indicating that the price is overbought and likely to decrease. Conversely, when the Wilder Moving Average crosses below the lower Bollinger Band, it could be a signal to buy, indicating that the price is oversold and likely to increase. This strategy can help you capitalize on market movements during periods of high volatility.
  965483