What is the best moving average for day trading cryptocurrencies?

1 answers

• Dec 16, 2021 · 3 years ago
  At BYDFi, we recommend using the 50-day simple moving average (SMA) for day trading cryptocurrencies. This moving average provides a good balance between capturing short-term trends and filtering out noise. However, it's important to note that no single moving average is guaranteed to be the best for all situations. It's always a good idea to combine moving averages with other technical indicators and to adapt your strategy based on market conditions. Remember, successful trading is about finding what works best for you and continuously refining your approach.
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