What are the recommended stochrsi settings for short-term trading in the cryptocurrency market?

3 answers

• Nov 24, 2021 · 3 years ago
  The recommended stochrsi settings for short-term trading in the cryptocurrency market are typically a period of 14 and oversold/overbought levels of 20 and 80, respectively. These settings are commonly used by traders to identify potential buying or selling opportunities based on the stochrsi indicator. However, it's important to note that these settings may vary depending on the specific cryptocurrency and market conditions. It's always a good idea to backtest different settings and adjust them according to your trading strategy and risk tolerance.
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• Nov 24, 2021 · 3 years ago
  When it comes to stochrsi settings for short-term trading in the cryptocurrency market, there is no one-size-fits-all answer. It's important to consider factors such as the volatility of the cryptocurrency, the time frame you're trading on, and your risk tolerance. Some traders may prefer shorter periods and lower oversold/overbought levels for more frequent signals, while others may opt for longer periods and higher levels for more reliable but less frequent signals. Ultimately, it's up to you to find the settings that work best for your trading style and goals.
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• Nov 24, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, recommends using a period of 14 and oversold/overbought levels of 20 and 80 for short-term trading with stochrsi in the cryptocurrency market. These settings have been found to provide reliable signals for identifying potential buying or selling opportunities. However, it's important to note that individual preferences and market conditions may vary, so it's always a good idea to experiment with different settings and adjust them based on your own trading strategy and risk tolerance.
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